iCommission

The iCommission platform grew out of real estate professionals’ experience with a common timing gap: a deal can become firm before an agent receives the commission. The company offers advances against those commissions so agents can access some of the income tied to a transaction sooner, subject to the purchase terms and required documentation.

Its core service is designed for real estate agents and brokers. Once a transaction meets the conditions to be considered firm, an agent can submit an application and provide details about the deal and commission. iCommission reviews the transaction and, if approved, advances funds in exchange for purchasing the future commission at a discount. It is not an automatic payment or an advance of the commission’s full amount.

The company also lists invoice factoring, business loans, private mortgages, and guidance on government grant programs. These are separate services from a real estate commission advance, each with its own requirements and structure. Its catalog is aimed at businesses and professionals seeking cash flow tied to transactions, invoices, or investment plans, rather than consumers looking for personal financing.

The process starts online: applicants describe the transaction, submit documentation, and coordinate the request with their real estate brokerage. The company says funds are transferred after the agreement is signed and the necessary information is verified. Approval and deposit timing depend on a complete application, when it is received, and the terms of the transaction.

The company iCommission publishes examples of maximum amounts, advance percentages, and daily charges on its website. These figures can change and depend on the type of transaction, net commission, and time until closing; they are not an individual quote. Before accepting, an agent should review the total discount, the commission purchase agreement, responsibilities if a transaction changes or fails to close, and the effect on the income received later.

The company says it serves transactions across many Canadian provinces and cities, excluding Quebec according to its FAQs. The company also lists relationships with real estate brokerages and publishes resources for professionals, including articles, calculators, and explanations of its products. Its approach combines commission advances with other business funding options for different business needs.

The company lists its contact address on Prologis Boulevard in Mississauga, Ontario. From there, the platform handles applications from agents in different parts of the country through online forms and support channels. For a real estate professional, the main difference from a conventional loan is that the advance is tied to a future commission generated by a firm transaction and is settled when that commission is paid.

The iCommission website lets readers review how its commission advance works, its other financing services, and its FAQs before applying. The decision depends on the transaction’s terms and applicable cost, so it is useful to compare the net amount received now with the commission assigned at closing. The company presents the service as a cash-flow tool, not a guarantee of approval or profit.