An agent commission advance is a product that Rodel offers finance for agents/agencies looking to have access to their commission before registration of the sale.
Typically, agents must wait for the sale to conclude/the transfer to be registered before they can receive their commission. This normally takes up to a minimum of 3 months. However, an advance from Rodel allows the agent/agency to access their commission a lot sooner for various purposes, such as covering business expenses or paying bills.
At Rodel Finance, there are no hidden costs or admin fees. Our discounting fee is a daily rate that is added to the commission advance amount.
An important thing to note is that commission advances are not loans. They are based on criteria from Rodel including creditworthiness of credit checks, sale conditions, if the property price is secured and the validity of the agent’s FFC.