FAQ

Questions, answered

Everything you need to know about getting your earned commission right away.

What is commission advancement?
It's the smart way for real estate agents to get paid now, not months from now. When you sell a home, your commission is guaranteed — but you often have to wait until the deal closes to actually see that money. But life does not wait. It could be an unexpected expense, financial planning or business needs — myCommission changes that. We give you access to your earned commission right away, in a quick, fully digital application that takes minutes, no need to send us any paperwork. No more waiting, no more stress — just the money you've already worked hard for, when you need it.
How much of my advance can I receive?
You can receive up to 80% of your commission (exclusive of HST).
Who is eligible to apply?
myCommission is for agents who are part of the myAbode ecosystem in a brokerage that is a myAbode Enterprise customer for deal processing.
How quickly can I receive funds?
Document review and approval process is quick, with funds typically advanced within 24 hours.
When can I unlock my commission?
You can unlock your commission when your deal becomes firm.
Are there any fees involved?
We charge a discounted fee for agents using the myAbode platform. The amount varies depending on how much of an advance you are requesting and the length of time before the closing.
How is repayment handled?
Repayment is automatically handled upon closing. Your brokerage will remit your advanced commission directly to us, so there's nothing left for you to do!
What if my deal gets extended?
Notify your brokerage and us immediately so we can prepare an amendment to your advance (subject to fees).

Still have questions? Contact us.