Frequently Asked Questions

Why should I get my commissions early?

You may prefer to receive your commission early for several reasons including the need for immediate cash flow, the ability to invest the money while the market is favourable, or the need to pay off debts or other expenses. Additionally, receiving commission payments early can provide a sense of financial security and peace of mind.

Why use Liquid?

At Liquid, we understand the ins and outs of running a Real Estate business and we know how valuable your time is. Aligning with technology that you and your Brokerage already use allows us to deliver the easiest and fastest route to getting your commissions in your bank account. Because we invest in technology we can keep your costs low. Taking an advance on your commissions should be affordable enough to make it a part of your regular business operations.

How do you calculate my available commissions?

Liquid looks at all the available commissions you have in your pipeline when you log in. Commissions are available when your transaction has had all subjects removed and is in a firm status when the closing date is in the future or the transaction was created in the last 90 days.

Rather than just display the commission amount, we’ve already calculated the fees based on the closing date, the expected repayment date and reduced that from the available commissions. The amount you see is the actual amount you can access.

How much of my commissions can I access?

By default, Liquid will release up to 90% of your commissions. Your Brokerage has the ability to adjust this amount so please reach out to us to find out.

What kind of benefits and options are there for a Broker Owner?

Brokerages can choose to sign a Brokerage-wide agreement that will allow them to skip any deal-by-deal review and approvals for agreements, saving a ton of time. By default, Liquid will release up to 90% of Agent commissions. Your Brokerage can adjust this amount to reflect the splits and fees you have set up.

If your Brokerage uses Loft47, Liquid will also automate the payables required to deduct the funding amount from the transaction.

If your Brokerage would like to finance the commission funding in order to open a new revenue stream we offer a Brokerage branded dedicated domain where you can set your own rules, Advance fees and manage your internal advance program. Contact us for more information.

How quickly will I see the funds?

Fast! Our goal is to make your fund request the fastest and easiest on the market. Once you request funds and accept the agreement in the app there are 2 potential next steps.

1. If your Brokerage has signed up for a Brokerage-wide agreement we will not need them to sign for that transaction, we will review the contract within an hour and let you know if there is anything else we need.

2. If your Brokerage has not signed a Brokerage-wide agreement we’ll automatically reach out to them for digital approval. While we wait we will review your documentation and let you know if there is anything else we need.

Once we receive all documentation and agreements we will initiate the bank transfer immediately.

Please note that we release funds until 5:00 PM PST Monday through Friday.

Does my brokerage need to be a customer of Liquid?

Your Brokerage does not need to be a current user but chances are they might be. We will need their approval and agreement to advance commission funds so if you’re new to Liquid we will grab their contact information and reach out to them on your behalf.

Does my brokerage need to sign anything?

Yes, the Brokerage can choose to sign off on a deal-by-deal basis or sign a Brokerage wide agreement for their licensed Agents. With a Brokerage-wide agreement, they get to set their own funding thresholds and can even negotiate custom Brokerage rates for their Agents.

What type of real estate transactions do you advance commissions on?

We advance on all types of real estate transactions including, but not limited to, residential sales and leases, commercial sales and leases and new home and condo sales. For any other type of transaction, please contact us to discuss.

Is there a minimum amount of commission funding that you advance?

We do have a $500 minimum.

Is there a maximum amount of commission funding that you advance?

No. We’ll reach out directly if you’re looking for a large volume of commission or if your closing dates extend beyond 120 days.

Are your advances restricted to a closing date within a certain number of days?

Liquid automatically calculates available commissions based on a closing period of 120 days in the future. Please reach out to us if you need financing beyond that scope.

How much does a Commission Advance cost?

Liquid charges a one-time $25 handling fee and very low rates. Rates are subject to change regionally, by Brokerage, or by Brand. Contact us or sign up to view your available commissions and rates.

How do you fund my commissions?

Liquid works with Payload in both Canada and the US to send funds directly to the bank account of your choice. Once we’ve collected your bank details it will take less than 2 days to settle in your account. If your request is urgent please reach out to us and we can discuss other potential options to get you the funds sooner.

Can I advance more than one deal at a time?

Absolutely, that is the beauty of using Liquid. We calculate all available commissions from all your firm and pending deals. You’re welcome to fund multiple deals at once. Just let us know how much you’d like to take from all your available commissions and we’ll automatically apply the funds across any of your transactions.

How are fees collected?

Liquid charges a $25 one-time fee upon the approval of your Advance. We ask that you set up and save your payment method for efficient processing. For the Advance amount, Liquid deducts all fees from the “Funds Requested” amount and transfers you the difference or the net amount. Your Brokerage and ultimately you will be responsible for the repayment of the full Funds Requested total.

Are commission funding fees tax deductible?

Depending on your accountant and regional tax rules some of our customers do deduct fees for income tax. We are not accountants and don’t necessarily know any regional rules so we recommend you first discuss this with your accountant. At any time you can view your history of transactions and view any and all fees paid in order to claim those amounts on your taxes.

How do I repay the requested commission funds?

Our Notice of Assignment includes instructions to the Brokerage, Settlement Agents or you personally for repayment options. We work with Payload to allow digital repayment options for all parties to the agreement.

What happens if the closing date is delayed or commissions are not received?

If the Closing Date is delayed for any reason, then notwithstanding the Due Date, the Advance will be extended automatically upon providing notice of such to Liquid to a maximum of 30 days, which Liquid may confirm with the Brokerage.  If the Commission is not received for any reason, then the assignment set out in Section 3 hereof automatically applies to all other commissions payable to the Agent until the total amount owed to Liquid is fully repaid.  Liquid will be paid out in full before any payments are made to the Agent, and the Agent hereby authorizes and instructs the Brokerage not to forward any payments to the Agent until Liquid has been paid out in full.  The Agent agrees always to submit to Liquid the details of any delay, extension, cancellation, or other change to the Transaction as soon as possible and authorizes and instructs the Brokerage to do so as well.

*All fees and terms are subject to qualification and banking requirements. See full terms and conditions for Canada and the US.