Middlegate Funding is the Number One commission advance company, serving the real estate industry nationwide. They understand that for many real estate agents, the hardest part of the business is managing cash flow.
The hard fact of the real estate business is that it is unpredictable. Deals fall through, and closings on properties don’t always happen as soon as you’d like them to. It is unlike virtually all other industries, because there are no regular paychecks; real estate agents live entirely on the commissions earned from the sale of properties. But their living expenses never stop.
It can takes weeks or even months for a real estate deal to close, even after buyers and sellers have come to an agreement on terms of the sale. And closing the deal doesn’t mean the agent is going to be paid right away; in fact, that may just mean more waiting before receiving the commission.
And so it is perhaps more critical to real estate professionals than to most that they learn the fine art of managing cash flow. The most important thing is to have a system in place. Use a system, like a computer spread sheet, to let you see quickly and clearly your incoming cash and outgoing cash. Seasoned real estate agents know they should never get overly optimistic; always plan for a rainy day or a worst-case scenario – a buyer backing out at the last minute, or a property that just won’t sell, or a stagnant real estate market.
That is why real estate professionals should use Middlegate Funding and its commission advance service. With it, agents and brokers can turn their pending sales into cash.