Home Topics Real Estate Agents can "buy now, pay later" at Rental Beast

Agents can “buy now, pay later” at Rental Beast

ECommission’s Access Service enables agents to provide up to $ 1,000 in future commission for participating products and services.

An online rental listing platform enables real estate agents to count on their future success to benefit from their service.

Rental Beast, based in Somerville, Massachusetts, which has a database of nearly 9 million rental properties not included in multiple listing services, has partnered with upfront commission firm eCommission to offer brokers the option of a one-year or two-year rental Purchase Rental Beast subscription using future commissions instead of cash or credit. The national listing site Homesnap launched the Access service in June with eCommission.

With Access, agents can spend up to $ 1,000 on participating products and services with a future commission. If an agent earns a commission on a deal and pays back their order within 90 days, access is free. If it takes longer to close, the agent’s balance will be charged a fee of 0.03 percent per day. This emerges from an FAQ on the eCommission website.

“Even if it took you a year to complete your next sale, that’s only 10.9 percent annual interest – far less than the average credit card rate of 24.9 percent,” the FAQ says.

In a press release, Rental Beast said the partnership will help agents build a sustainable rental business.

“In this challenging environment, real estate agents need tools to thrive, including flexible payment options,” said Ishay Grinberg, founder and CEO of Rental Beast, in a statement. “We believe this is especially critical for new agents who have instant access to a tool that can significantly increase their revenue. We’re excited to make it easier for agents to incorporate Rental Beast into their businesses. “

Access, which eCommission describes as “Buy First Property Now, Pay Later”, will be available Wednesday at Rental Beast.

“Access gives agents the flexibility to invest in their business today without having to come out of their pockets,” said Sean Whaling, founder and CEO of eCommission, in a statement.

Email Andrea V. Brambila.

Like it on Facebook | Follow me on Twitter

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles

What should you do with your stocks if the stock market crashes?

When the stock market collapses, your stomach can reach your shoes too. Watching all that money go away at once can be scary...

From Universal’s massive Q2 to Spotify overtaking Netflix: it’s MBW’s weekly roundup

Welcome to Music Business Worldwide's Weekly Roundup - this is where we make sure you hear about the five biggest stories that made our...

3 ways to practice radical kindness with your co-workers

Good leaders know they need to be friendly to employees. There is no way around it in 2021 as the pandemic redefines what...

Your checkout experience is essential to ecommerce growth – how Shopify Plus can help

by Sean Richards, VP of Strategy & Partnerships for Wins The customer experience is always paramount when...