BrokerageIndustry News

Company seeks ruling on real estate pay advances

Kansas Supreme Court will hear issue Sept. 7
Published on Aug 30, 2006

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The Kansas Supreme Court has agreed to consider a case brought by a company that advances payment to real estate agents based on anticipated sales commissions.

The company, Commission Express of Kansas City, appealed to the state Supreme Court after a district court in October 2005 ruled that the company's real estate commission agreements are invalid under state code and violate state limitations on garnishments.

The parent Commission Express company, which has 71 franchise offices in 40 states, has advanced about $ ...