How do I apply for a commission advance with FRAME?
Its as easy as filling in the online application, uploading the requested documents, with both you and your brokers signatures, and once approved FRAME will provide you with email confirmation of the approval and the money is then delivered via e-transfer directly to you. This process can go from start to finish within the afternoon and you will have your commission advance by dinner!
What documentation do I need to provide?
Transaction details:
- The firm pending Contract of Purchase and Sale, including waivers and proof of deposit (a copy of the cheque, bank draft or certified cheque for the deposit).
- The Commission Advance Agreement signed by both yourself and your broker.
- The Trade Record Sheet, signed by the broker, showing a breakdown of the commission that you have earned.
Administrative details:
- One piece of personal identification (driver’s licence or passport).
When can I receive my advance?
Submit the completed application by 1:00pm and have it by dinner time the same day! When your commission advance is approved, the funds are delivered directly to you via e-transfer.
How much will an advance cost?
FRAME’s Commission Advance Rate is only $0.66 per $1000 advanced, per day.
Are there any administration or set up fees?
There are no application, administration or set up fees.
How much of my earned commission can I receive?
We advance up to 90% of the original commission amount. This is to account for any fees, dues, or other expenses paid to your brokerage after a payment comes in.
Is there a maximum amount I can advance?
$20,000
*Requests for additional amounts will be considered. Please contact us for further details.
What if a deal doesn’t close?
In most cases the easiest and best options for both parties are to assign FRAME another current deal that you have, or a future deal. Regardless of the situation, we will work with you towards a solution. Our goal is to help you grow your business.
Is the cost of the commission advance tax deductible?
Many of our agents have received tax deductions when using a commission advance for business purposes. See your accountant for more information.
Does FRAME review my personal credit history?
No. We do not require credit checks. As FRAME commission advances are not traditional loans, we base the approvals on the strength of your transaction, not your credit history. We ensure the process is as easy and quick for you to have access to your already earned commissions to grow your business strategically.
It’s as easy as filling in the online application, uploading the requested documents, with both you and your brokers signatures, and once approved FRAME will provide you with email confirmation of the approval and the money is then delivered via e-transfer directly to you. This process can go from start to finish within the afternoon and you will have your commission advance by dinner!
Transaction details:
- Your firm pending Contract of Purchase and Sale, including waivers and proof of deposit (a copy of the cheque, bank draft or certified cheque for the deposit).
- The Commission Advance Agreement signed by both yourself and your broker.
- Your Trade Record Sheet, signed by the broker, showing a breakdown of the commission that you have earned.
Administrative details:
- One (1) piece of personal identification (driver’s licence or passport).
Submit the completed application by 1:00pm and have it by dinner time the same day!
When your commission advance is approved, the funds are delivered directly to you via e-transfer.
FRAME’s Commission Advance Rate is only $0.66 per $1000 advanced, per day.
There are no application, administration or set up fees.
We advance up to 90% of the original commission amount. This is to account for any fees, dues, or other expenses paid to your brokerage after a payment comes in.
$20,000
*Requests for additional amounts will be considered. Please contact us for further details.
You can simply apply online as soon as you have an accepted purchase and sale agreement and all terms and conditions have been waived.
In most cases the easiest and best options for both parties are to assign FRAME another current deal that you have, or a future deal. Regardless of the situation, we will work with you towards a solution. Our goal is to help you grow your business.
Many of our agents have received tax deductions when using a commission advance for business purposes. See your accountant for more information.
No. We do not require credit checks. As FRAME commission advances are not traditional loans, we base the approvals on the strength of your transaction, not your credit history. We ensure the process is as easy and quick for you to have access to your already earned commissions to grow your business strategically.
Why wait?
You earned this.
Submit your application by lunch today and get commission in your account by dinner time tonight.
