Agents won’t have to wait for settlement to receive commission, under a new initiative designed to improve cash flow.
Under the new @realty Boost program, agents affiliated with the @realty network will be able to claim commission when a contract goes unconditional, with the company promising a 24-hour turn around for payment.
@realty CEO James Taylor says @realty Boost will provide agents with more consistent cash flow and greater security in their jobs.
“We believe in providing as much support as we possibly can to our network of real estate professionals so that they in turn can provide a positive and professional experience to vendors and buyers,” Mr Taylor said.
“In the current market, some buyers are seeking longer settlements to give them more time to sell their own property or finalise finance, and that adds to the pressure on agents if they have multiple contracts like this.
“It’s time the real estate industry offered agents the same opportunity many other people have to receive a more regular and reliable income stream.”