WESTLAKE VILLAGE, Calif., June 25, 2020 – Rapattoni Corporation (Rapattoni) announced today that it has partnered with eCommission to offer a joint program for Rapattoni MLS customers. Located in Austin, Texas, eCommission is the real estate industry’s leading provider of commission advance services with over $1.4 billion funded to Realtors throughout the United States.
eCommission provides Realtors immediate access to money from earned commissions prior to closing, eliminating gaps in business cash flow that can cause agents to pay bills late or stop investing in their business. Since all advances are repaid from commission proceeds, no debt is created and no liability exists for brokers or MLSs.
“We are thrilled to partner with Rapattoni to offer their customers convenient access to our industry-leading commission advance services,” said Sean Whaling, Founder and CEO of eCommission. “It’s no secret that nearly every agent can experience cash flow ups and downs while selling real estate. Our service enables customers to control the timing of when they receive their commissions to keep their businesses running smoothly.”
Rapattoni MLS’s integration with eCommission lets participating MLS sites add Single Sign-On (SSO) links to the MLS Home page and Listing Detail, allowing members to quickly and easily request funding of commissions up to 120 days ahead of a scheduled closing date.
Brian Tepfer, Executive Vice President & Chief Technology Officer at Rapattoni, commented, “Over one billion dollars of earned but unpaid real estate commissions are held every week and eCommission helps Realtors gain access to that money instead of leaving it trapped in pending commissions. Since agent income tends to be highly cyclical, with expenses exceeding income in certain months, the service eCommission provides is an invaluable tool for agents looking to stabilize their cash flow year-round.”
About Rapattoni MLS
Rapattoni MLS provides advanced features such as integrated GIS parcel mapping, an integrated member management and billing system, the industry's most advanced RETS 1.7.2 data exchange system with RESO Web API support and RESO Data Dictionary v1.6 Platinum certification, integrated aerial photography, and a robust statistics and trends analysis package. Rapattoni MLS is compatible with the Microsoft Edge, Internet Explorer, Firefox, Safari, and Chrome web browsers, can be run on PCs and Mac computers, and works seamlessly on popular smartphones and tablets with a native app available for iOS and Android devices.
Rapattoni Corporation has been serving the real estate industry since 1970. The company provides integrated products and services for real estate associations and MLS organizations, including an online MLS, association management software, and Integrated Website Services, along with hosting and technical support for each product. Rapattoni's headquarters are in Westlake Village, California.
eCommission is the leading provider of working capital to real estate professionals since 1999, with more than $1.4 billion of commissions funded to satisfied customers nationwide. eCommission is a nationally endorsed alliance partner to the industry’s largest real estate brands, independent brokerages, and technology companies. More information can be found at www.eCommission.com. For business development, contact Dawn Willey, VP of Strategic Business Development, (818) 254-6435.