Fast Money Interested in capital gains? Convert real estate commissions into cash.
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After working in real estate for more than 20 years, John L.Stedman knew there had to be a way for agents to get theircommissions sooner than the standard 30 to 90 days. So in 1992, hestarted Commission Express.
"We provide a valuable service for real estate agents andbrokers to convert their commissions into cash," says Stedman.Agents can sell their accounts receivable to Commission Express andget their money in two days.
Since the company started, it's purchased $12 million incommissions; sales for 1998 were more than $3.5 million. CommissionExpress began franchising in 1996 and currently has 11 franchisesin Virginia, Maryland, Georgia and North Carolina; it's lookingfor franchisees nationwide.
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