With New RESPA Regulations, Real Estate Brokers Turn to Commission Express for Working Capital
On October 3, new Real Estate Settlement Procedures Act (RESPA) regulations went into effect. The updated legislation prohibits real estate brokers from receiving commissions for referring people to other businesses. In most cases, brokers cannot receive any commission. Brokers who have relied on these payments to fund their daily business operations must now find a new source of working capital. Many are turning to Commission Express, which provides brokers with advances on real estate commissions that they can legally use...
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