What payment method does JCA use to issue commission advances?
JCA will wire the advance to your bank account—so make sure you have given the correct bank account details.
What is the purpose of a Just Commission Advance?
A Just Commission Advance is a service that provides you with your commission earnings BEFORE a sale is closed. The aim is to assist you in managing your business expenses that otherwise would be dampened by waiting for the actual closing date to receive your commission.
Just Commission Advance offers speedy and friendly service, assuring you that you’ll receive an advance on your commission whenever the need arises.
Will my credit score affect my chances of getting approved?
No. You can still get approved for a Commission Advance even with a poor credit rating because JCA does not check your credit history. Instead, JCA makes a decision based on your overall performance and the pending sales contract.
How long do I have to wait to receive a commission advance from JCA?
JCA will first need to approve your application for a Commission Advance. Provided that your sales agreement has been signed and certified by a settlement company, then you will have your advance funds wired to your bank account within 1 hour.
If you have requested to receive your advance through a Credit Union, then it may take up to 1 business day for funds to appear in your account.
JCA will only transfer advance funds during office hours, Monday to Friday.
How do I arrange repayments on my commission advance?
Repayment plans are arranged during the initial application process by authorizing the settlement company to pay the agent’s share of the commission (held in Escrow) directly to JCA once the sale has closed.
Another option is for the broker company to make repayments on behalf of the agent when the sale closes.