I read this today and I was scared to death!
It appears that Realtors in escrow states have resorted to getting advances on their commission by way of a lender that operates similarly to a pay day lender.
I realize that comissions are sometimes sporadic, but that is the nature of the real estate business and that is something you, as a small business owner, must be able to manage. This concept, while novel, is very scary considering the number of closings that DON'T make it to the table.
Has anyone else ever heard of this? http://activerain.com/blogsview/2597283/Cash-strapped%20agents%20turn%20to%20escrow%20for%20advances%20A%20little-known%20service%20helps%20pays%20the%20bills%20between%20long%20closings
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