What does it cost to use the fast online services of Commission Paid Now?
Doc Fee – There is a one hundred dollar processing fee per advance. (Note: There is no charge to apply online if you do not get the advance.) Advance Fee – The fee of the advance(s) is contingent on the date of the settlement(s). If settlement is before sixty days, then our advance fee will be ten percent of the real estate account receivable. If settlement is more than sixty days and not more than ninety days, then our real estate advance fee will be twelve percent of the real estate account receivable. It is standard policy to have a refundable reserve. The held reserve is not a fee or loan. Each advance will require us to hold a ten percent reserve. The reserve will be returned to you as long as Commission Paid Now receives the advance in full from your broker or the settlement company (attorney in some states) within the five business days after the scheduled closing. What supporting paper work do I need to send in?