How does it work?
Let’s say you have just sold a home for a developer or builder, and you would like to have your commission due to you now, rather than waiting 30,60, 90 days or even longer for your commission. At VIP Cashflow we specialise in providing short term funding for Property and Investment Marketers. This gives you immediate Cashflow allowing you to get on with selling more. You no longer need to wait as we will provide funding to you immediately. All we need is a little information from you and then we will be able to deposit monies directly in your account
What’s the process?
Step 1: Complete an Online Application Form
Please complete an online application and upload the following documents:
- Copy of Your Drivers license (first time only)
- Copy of Your Medicare Card (first time only)
- Copy of the Contract of Sale and any special conditions (main pages of contract only)
- Proof of deposit (trust account receipt or deposit bond)
- Proof the contract is unconditional.
- Progress Payment schedule and Agreement between yourself and the Builder/Developer
Step 2: Review and Acceptance
Once we have received your application we review it and approve it (subject to it meeting our guidelines). At this moment we will conduct a Company credit. We will then send you a Commission Advance Agreement where the terms and agreed settlement date are listed. Simply sign this and send it back to us.
Step 3: Commission in Your Account
Once we have received the Commission Advance Agreement, we will then deposit Commission directly into your account, less the relevant interest owing to VIP Cashflow.