It was announced this morning in the local paper that a large real estate firm in the area would be paying new agents that enroll in a payment plan a check each week based on the previous years commissions.
The reasoning was because an agent does not get paid until the close of the home and would make it easier for them to survive.
The weekly interest free advance would be paid back against future commissions earned.
Another factor they failed to disclose was what if there were no future commissions earned and what happens with the outstanding balance!
In the auto industry there were a number of ways this was enabled but most times it was from the previous month's commissions.
Seems to me if they were making money the first year they would not need this the second year.
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