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 and our partners will release up to 90% of your commissions. Your brokerage has the ability to adjust this amount, so please reach out to us.

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

Brokerages can choose to sign a Brokerage-wide agreement, allowing them to skip any deal-by-deal review and approvals for agreements, saving a ton of time. By default, Liquid or their partners 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 and all the related accounting entries.

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

How quickly will I see the funds?

Fast! We aim 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 two 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 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 we need anything else.

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

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 agreement for their licensed Agents. With a Brokerage-wide agreement, they get to set their 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, as well as new home and condo sales. For any other kind of transaction, please contact us to discuss.

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

We do have a $2500 minimum.

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

No. We’ll reach out directly if you’re looking for a hefty commission volume or if your closing dates extend beyond 90 days.

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

Liquid automatically calculates available commissions based on a closing period of 90 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.

Can I advance more than one deal at a time?

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 to 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 total of the funds requested.

Are commission funding fees tax deductible?

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

How do I repay the requested commission funds?

Our Notice of Assignment includes instructions for repayment options to the Brokerage, Settlement Agents, or you personally. 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.