If you’re a real estate agent, nothing beats the high of selling a property. But this high can fast transition into a low when you realise how long it takes for your sales commission to reach your bank account.
Commissions Now means you don’t have to wait. When a sale goes unconditional, get a cost-effective and risk-free cash injection.
THINK OF COMMISSIONS NOW AS A WAY OF SUPPORTING YOUR CASHFLOW AND RE-INVESTING MONEY BACK INTO YOUR BUSINESS SO YOU CAN KEEP KICKING GOALS.
Tell me more about
Commissions Now
QUICK ACCESS TO FUNDS
REDUCED CASHFLOW GAPS
NO HOOPS TO JUMP THROUGH
EASY PEASY TO USE
SIMPLE PRICING
SPEEDY TURNAROUND
TIME EFFICIENT
WE DEAL DIRECTLY WITH YOU
* Terms and conditions apply. Funding provided by Rello Finance Pty Ltd, ACN 633 994 859.
GEEZ, COMMISSIONS NOW WILL REALLY HELP.
How do I get started?
1
Onboard
Use your ABN, agency name and share your director’s details to apply for Commissions Now.
2
Account setup
Our team will verify your information, set up your self-service online portal and show you how easy it is to use. We’ll link your account to your nominated CRM to make it even easier to access your commissions early.
3
Show me the money
Within 24 hours you’ll be able to send and receive early commissions on exchanged contracts.
Got questions?
HAVE A SQUIZZ THROUGH OUR FAQS.
Who can access the Commissions Now product?
You must be a licenced real estate agent based in Australia to be considered for the Commissions Now product.
How much can I access?
You can access between $2,000 and $50,000 per exchanged contract commissions.
What is the eligibility for early funding of a commission?
- hold a valid Agency Selling Authority
- have exchanged a signed Contract of Sale
- hold a letter from a solicitor or conveyancer confirming unconditional /exchange /settlement date
Do I need to provide property as security?
The advance funding is secured against your commissions, with no need for further security.
What information do I need to provide?
The process is easy and fast and automated through your CRM or direct on our Agency portal.
We will need
- Listing Authority
- Contract of Sale
- The Amount you wish to access
- The Settlement Date
- Unconditional sale letter from a conveyancer
- Commission Tax Invoice
How much does it cost?
5.0% for the first 60 days and 2.5% for every additional 30 days up to a total of 120 days. There are no sign-up fees and no lock-in contract.
Do you call my vendors?
No, your advance is confidential, and we do not contact your customers.
How do repayments work?
At settlement or release of the deposit, the funds advanced will need to be repaid to us from these sale proceeds or via direct debit from your nominated account.
- You can exit penalty-free providing your balance has been paid down to $0.
- Each drawdown requires the Agency to unconditionally transfer and assign your legal and beneficial right, title and interest in and to the Commission and grant an Interest in the Commission to Rello.
What happens if settlement is delayed?
Settlement can be delayed for a number of reasons outside of your control. If settlement is delayed we provide you a 7-day grace period.
Let's chat
If you’re looking to sell your house, if you’ve just sold, or if you’re an agent, don’t let the financial nuances hold you back. Give us a call. We’d love to help you. Helping people makes us real happy.
