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COMMISSION ADVANCES VS. TRADITIONAL FINANCING METHODS – WHO WINS?

Real estate agents are well aware that closing deals and collecting commissions are crucial steps for their ongoing success, particularly when first starting out. However, the wait time between closing a sale and receiving your commission can be a significant financial burden that can cause undue stress at the worst possible times.

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HOW AI IS CHANGING THE COMMISSION ADVANCE BUSINESS

The commission advances business is currently standing on the brink of a new evolutionary period, this time driven by the mass adoption of Artificial Intelligence (AI). Traditional commission advances business models rely heavily on manual underwriting and risk assessment, but AI is changing all of that with predictive analytics, automated underwriting, and real-time monitoring.

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THE AVERAGE REAL ESTATE COMMISSION RATE IN ONTARIO

As of 2024, the real estate market in Ontario, Canada continues to thrive and evolve, despite all the obvious challenges that came with the recent global pandemic. This remarkably resilient and adaptable real estate market continues to punch above its weight, and with it, real estate commission rates hold steady as ever.

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HOW TO LEVERAGE COMMISSION ADVANCES TO ATTRACT NEW REAL ESTATE CLIENTS

As a real estate agent, you’re no doubt always keeping an eye out for ways to stay ahead of the competition, and attract more clients. One often-overlooked strategy is the use of commission advances, a type of financing option that allows real estate agents to receive a lump sum of money upfront, before they receive their full commission from the client.

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