WELCOME BROKERS

Agent Concierge hub is a visionary in started by wanting to assist agents in down markets to better equip them financially to continue business in the industry! 

A commission advance is a factoring transaction whereby a broker and agent sell a portion of a pending commission for a fee. In exchange, funds are advanced before closing. It’s not a loan. It’s simply access to an earned commission prior to an estimated settlement date.

As broker, all commissions belong to your company. Agents cannot advance commissions without your consent. The agreement you sign authorizes the purchase by Agent Concierge Hub of a portion of your Agent’s commission for a particular sale at a discount, after any split or balance owing to your Company.

Agent Concierge Hub provides commission advances up to 90 days ahead of the scheduled closing date. An agent can request up to 100% of their net earned commission after any split with their broker, to a maximum of $15,000 per transaction. These advance limits can be lowered at your discretion, just give us a call to discuss.

At the time an agent applies with Agent Concierge Hub, the broker signs a commission disbursement form or invoice to the settlement company. This document is your instruction to send the portion of the commission that has been purchased, directly to Agent Concierge Hub at close of escrow. Alternatively, the option exists to have your Company direct the purchased commission to Agent Concierge Hub after closing.

No. The transaction is non-recourse. In the unlikely event we advance a commission on a sale that falls through, the agent is asked to replace it using future earned commissions. As broker, your only responsibility is to direct any future commissions earned by the agent to Agent Concierge Hub. If no future commissions are ever earned or the agent leaves your Company for example, Agent Concierge Hub bears the risk of loss.