Silicon Valley women owned fintech company strikes REALTOR(R) commission advance deal using secure ledger technology
On July 9th 2019, Teresa Grobecker a female entrepreneur, broker and founder of reConsortia, a San Francisco-Silicon Valley based fintech corporation, discussed details with Phil Guetin of Express Cash Flow of how now REALTORS® can get the leading edge on commission advances prior to escrow transactions closing in the real estate referral business. This is a significant game changer in the real e
- San Francisco, CA (1888PressRelease) July 15, 2019 - reConsortia (REC) has partnered with ExpressCashFlow (ECF) to provide working capital for Real Estate Agents & Brokers. ECF will advance part of commissions earned by REC members, so there is no more waiting until the close of escrow to get paid. This partnership will help REC-registered Agents & Brokers whose transactions are delayed, or if they want to launch a marketing campaign in advance.
reConsortia is a technology company that uses distributed ledger technology to securely track the referral process from start to finish between all parties. REC has minted a title token for every single property in the United States. This title token tracks all the relationships on the back end of a property, starting with real estate referrals. In a few easy steps, Agents & Brokers can log their referrals in the REC system, and the referring agents and recipients can track the status of all referrals in the REC cloud, and make sure they are getting paid their referral commissions.
It only takes three steps for a commission advance:
Step 1: Log a referral at reconsortia.com
Step 2: Tell REC when your referral goes into escrow
Step 3: Get a commission advance.
It’s that simple! Come check out the webinar to learn more! Or, log your referral today at reconsortia.com
Express Cash Flow is a nationwide company located in Irvine, CA and has done ADVANCES on over 2 billion dollars’ worth of residential & commercial properties over the last 4 years. With a quick and easy two minute sign up process Agents can expect to receive their advance within 15 minutes by wire. If a transaction fails, ECF will transfer the advance to another property. Pricing is determined by a few factors, including how active an agent is, and when the close of escrow.
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