Middlegate Funding is a commission advance company that understands the real estate business from the inside. They know that agents and brokers generally only get their commissions from clients if and when a transaction is completed.
They also understand that while a six percent commission on a sold property might sound like a good payday, commissions are often split between the listing agent and the broker. In fact, the commission may be split as many as four ways: between the listing agent, the listing broker, the buyer’s agent, and the buyer’s agent’s broker. So that six percent commission can get whittled down pretty quickly.
Real estate agents and real estate brokers must be licensed by the state in which they work. Not everyone understands the difference between an agent and a broker. Agents are licensed sales people, and they work for and under a designated broker. Agents cannot be paid a commission directly from one of their clients. Brokers, on the other hand, are able to work independently.
The amount of the compensation is specified in the listing agreement between the seller and the listing broker. But the commissions are negotiable, and are likely to vary from one transaction to another. And since it is derived from the sale price of the property, the exact amount of the commission is never known until after an offer has been accepted and the deal has been closed.
Middlegate Funding is there to help real estate agents in need of commission advances. They have no hidden or ancillary fees, and offer their clients the lowest rates in the nation.