Agents complete an application online and receive notification of approval within one hour. Either way, an agent receives an eCommission in 24 hours or less. Agents without Internet access can also use eCommission by fax. Of course, there are fees involved. But when you live off of commission, sometimes that's a non-issue.
Cash flow is everything.
In other news, Lend Lease Group is deservedly touting the performance of its Value Enhancement Fund I, which recently offloaded its last property. The sale marks the close of the fund, which had a one-year return of 70.6 percent in 1999. Total return since inception wasn't too shabby at 32.6 percent. VEF I was launched in 1993 at the end of a severe real estate market downturn when real estate was viewed as a risky investment. In the meantime, the real estate market has recovered, and investors have reaped the returns.