Not Sure If the Commission Qualifies?
Commission arrangements and property transactions can differ from one matter to another. Where commission is linked to a pending transfer, the conveyancing attorney can provide the relevant transaction information to BridgeFin for consideration.
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Access Qualifying Commission Before Property Transfer Is Finalised
Estate agents often complete the work connected to a successful property sale well before their commission is actually paid. Even after an agreement of sale has been concluded, payment of commission generally remains linked to the legal transfer process and the eventual registration of the property.
BridgeFin Estate Agent Commission Bridging provides a short-term, transaction-linked funding option for qualifying commission associated with a pending property transfer. The application is facilitated through the conveyancing attorney handling the transaction, allowing BridgeFin to consider the commission request together with the legal matter and supporting transaction information.
The service is designed to help qualifying property practitioners manage the timing gap between earning commission and receiving payment once the underlying transfer reaches completion. Every application remains subject to BridgeFin’s assessment, the transaction information supplied and the terms of the applicable agreement.
When Commission Bridging May Be Useful
Property transactions can take time to progress through conveyancing, lodgement and registration. During that period, qualifying estate agent commission may already be linked to a completed sale even though the funds remain unavailable until the legal transfer process is completed.
- Commission linked to a pending property transfer
- A completed sale awaiting registration
- Qualifying commission not yet released
Frequently Asked Questions
Who can use Estate Agent Commission Bridging?
Commission Bridging is intended for qualifying estate agents or property practitioners whose commission is linked to a property sale that is still progressing through the transfer process. The application is facilitated through the conveyancing attorney handling the transaction.
When can commission be considered for bridging?
Commission may be considered where it relates to a qualifying property transaction and remains dependent on the successful progression and completion of the transfer. BridgeFin assesses each application according to the transaction information and supporting documentation supplied.
Does the estate agent apply directly to BridgeFin?
BridgeFin’s Commission Bridging process is attorney-facilitated. The conveyancing practice handling the property transfer supplies the relevant matter and transaction information needed for BridgeFin to assess the commission-bridging request.
When is Commission Bridging repaid?
Repayment is linked to the underlying property transaction and is handled according to the approved agreement. The applicable settlement and repayment arrangements are confirmed as part of the BridgeFin approval process.
Applications and funding remain subject to BridgeFin’s assessment and applicable terms.
