Homesnap Reveals Access, a New Payment Option for Agents

MLS-powered real estate marketplace, Homesnap, has announced the launch of another innovative product- making it the second product launched this month.

Called Access, this new payment feature allows agents to pay for Homesnap products using future commissions instead of cash or credit card.

Powered by eCommission, Access is a bridge between eCommission, a commission advance payment provider, and Homesnap that allows agents to pay for marketing products and other offerings using one of their active listings as compensation. 

John Mazur, Homesnap CEO, said: 

“At Homesnap, we’re supporting agents by giving them the tools they need to not only stay relevant, but to also market their listings and be ready for when things return to normal. With Access, agents can leverage the power of their future earned commission today and stay ahead of their competition.”

Access is an easy-to-use, convenient, and affordable solution for agents. With Access, agents can access up to $500 of their commission on any property with at least 90 days remaining in the listing term. The funds used are sent directly to Homesnap through Access to cover the agent’s marketing investment.

If the property used as compensation for the marketing fees does not sell within 90 days, then the agent has the option to use another listing as the payment and can continue doing so until a property is sold.

Homesnap usually charges a 10% fee added directly onto an order, but with Access, that fee is slashed to $0 for the first 90 days. 

Sean Whaling, eCommission Founder and CEO, said:

 “We understand the stressors brought on by COVID-19, which is why Access gives agents the ultimate flexibility to pay for Homesnap marketing products and additional offerings using future commissions. It’s a revolutionary service that in many ways is superior to credit cards because no debt is created, funds are transferred instantly, and repayment happens effortlessly once the property closes. Waiving the fee for 90 days should also help agents get their listings sold faster.”