Commission Express
Real estate commission factoring

About
Founded

1992

Franchising Since

1996 (23 Years)

Corporate Address

8306 Professional Hill Dr.
Fairfax, VA 22031

CEO

John Stedman

Financial Requirements
Initial Investment

$172,300 - $301,500

Net-worth Requirement

$112,000 - $192,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$10,000 - $50,000

Ongoing Royalty Fee

9%

Ad Royalty Fee

1%

Support Options
Ongoing Support

Meetings/Conventions

Toll-Free Line

Online Support

Security/Safety Procedures

Marketing Support

Ad Templates

National Media

Classroom Training:

1 week

Additional Training:

Annual conference

Absentee Ownership Allowed
Number of Employees Required to Run:

2

Bio
John L. Stedman and Joseph M. Giovannelli founded Commission Express, based in Fairfax, Virginia, in 1992.

With most real estate transactions, an agent waits between 30 and 90 days to receive his or her commission. In the meantime, the agent still has to cover the costs of running an office and paying employees. Commission Express franchisees essentially offer agents cash advances by purchasing an agent's outstanding commissions at a discount. When the home purchase is completed and the commission is received, Commission Express withholds between 8 and 14 percent in fees. Franchisees provide their own capital to purchase the commissions.

Cost
Initial Investment: Low - $172,300 High - $301,500
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: July 23rd, 2015