Are you a Utah Real Estate Agent expecting a pending commission? Do you need all or a portion of your pending commission payment now? Private Title Loans (PTL) in Utah has been funding agents their commissions in advance. PTL will advance up to 80% of an Agents pending commission up to 90 days before closing.
Realtors understand that in order for their business to compete and be successful, they must have funds available when they need it most. This is where a commission adavnce comes in. PTL is able to assist agents and brokers at any time they need money and need it FAST.
There are many benefits to getting your commission in advance. By advancing your commissions you are able to use these funds to operate more effectively, market your listings, plan for the future, control your cash flow, and help you make more money stress FREE!
How it works:
You apply for your advance in a matter of minutes and you simply provide:
1- Copy of your completed sale contract (signed purchase agreement) 2- Copy of MLS Listing – (If listed on MLS ) 3- Copy of pre-approval letter along with name, contact name & phone # of the lender that has started the mortgage process (if applicable). 4- The name, contact name and phone # of the attorney or title / escrow company that is closing the sale. 5- Proof of address in the form of a utility bill. 6- Copy of your Real Estate License
<strong>For New Home construction:</strong>
After approval, agents can receive payment within the next business morning or in as little as 24 hours.
Real Estate Agents should give PTL Commission Advances a try.