Benefits of Real Estate Commission Advance
Once we finally find the perfect buyers for one of our listings we’re on our way to cashing that commission. Unfortunately, our real estate commission is tied up while the sale is in contract.
With a commission advance, a realtor can gain access to their cash from a home sale while it is still in contract for a small administrative fee. But why would an agent want to get a commission advance? There are tons of reasons to take out an advance on our future income.
Check out these tips for using our commission to building our business.
Take A Class
Many agents continue learning new things and adapting to the flux of the market. One great way to utilize a commission advance is to take a class that helps advance your business.
Some agents might find a class in social media & SEO fascinating and useful. Others could are inspired by buying a ticket to see an entrepreneur speak.
There could even be specialized classes in real estate like marketing, branding, and more. Taking a class can be a great way to use our earnings to continue growing our business.
Software & Tech
There’s a bounty of software and technologies built specifically for real estate agents.
Client Relationship Management software and other data collection and aggregating platforms can be essential for organizing leads for agents.
Every agent is active on Zillow by now, but what about Matterport, BombBomb, or Spacio? From generating leads to nurturing the cold ones, this software is support systems for agents who are often managing multiple listings on their own.
Taking on new tech systems to expedite and coordinate our business structure a great use for our real estate commission.
Hire Outside Marketing
It is highly recommended to bring on software and tech before hiring employees, but hiring outside help is another great strategy to watch our business grow.
While we can take a class or learn from realtors or marketers on YouTube, marketing is best left to the professionals.
Skills like Search Engine Optimization (SEO), e-mail marketing, and Social Media Management (SMM) are nuanced. While it can be easy to partially manage these aspects of our real estate business, an outside marketing professional can be remarkably helpful in attracting new home buyers and sellers.
For a real estate agent, our brand is fundamental to our success. Sure a brand grows by word of mouth, but there are key components that a branding specialist could improve to make our image work for us.
The subtleties of branding are best left to an authority on the matter, but be sure to pick a consultant that is willing to work with us directly. The best brand consultants will identify our strengths, then highlight and display them so that our ideal clients will flock to us.
Investing a commission advance into the building or pivoting our brand could be invigorating for our real estate business.
Getting an advance on our home sale commission can really come in the clutch when we need cash fast. But it is also a great way to invest back in our real estate business to create even more income. In these times, check out Payfully for fast and easy advances.