Real Estate Agents

Are you a successful real estate agent on Vancouver Island who is struggling to find an accounting professional that truly understands the intricacies of your industry? Are you looking for advice and value-added service tailored specifically for realtors? If the answers to these questions are yes, then congratulations, you have come to the right place!

The real estate industry has undergone significant change in recent years resulting from regulatory requirements, government policies, and disrupting technologies. Your business deserves an accounting professional that is aware of these changes and the challenges they present. At Pacific CPA, our goal is to work collaboratively with you to provide solutions tailored to your business needs.

As a real estate agent, team, or brokerage, clarity around your finances is vital to your success. When paid on commission, you receive large customer payments on an intermittent basis. Accordingly, it is essential that you have strategically defined financial and tax planning strategies to help you manage the cash flow of your business.

As a real estate agent, your business has unique cash challenges not endured by all business sectors. Fortunately, you benefit from a near guarantee of customer payment resulting from a lawyer holding your funds in trust to be disbursed to you upon successful completion of the deal. This saves you having to chase down customer payments in an attempt to collect on bad debts. Pretty awesome right!? However, you do incur high up-front costs of both time and marketing expenses, which often does not generate a return for weeks, months, or sometimes even years! Our team of CPAs can work with you to help manage your cash flow requirements.