24. Commission Advance Loans – some commissioned salespeople don’t live paycheck to paycheck (they don’t get a regular paycheck), but instead from deal to deal.
Some rely on getting loans against a future commission in order to pay monthly bills or to have cash now for some other opportunity. Commission advance loans are similar to the business concept of factoring future receipts.
Realtors in particular might prefer to receive money now instead of waiting for a closing. The investor gets paid back the advance amount plus some profit at closing.