eCommission vs. Tongo: Comparing Commission Advance Services for Real Estate Professionals

When it comes to commission advance services for real estate professionals, eCommission and Tongo are two prominent options. Both provide essential cash flow solutions but differ in terms of service features, costs, and flexibility. Understanding these differences can help agents and brokers choose the service that best fits their financial needs and business models.

What is eCommission?

eCommission is a well-known provider of commission advance services that offers real estate agents the ability to access their earnings before a sale officially closes. This service can be particularly beneficial during periods when cash flow is interrupted or when unexpected expenses arise. eCommission charges a fee based on the amount of the advance and the expected time until the sale closes.

What is Tongo?

Tongo, on the other hand, presents itself as a more flexible and often more affordable alternative to traditional commission advance services like eCommission. Tongo distinguishes itself by not requiring broker signatures for many transactions, which can expedite the process and reduce the hassle for agents seeking immediate access to their commissions.

Key Differences Between eCommission and Tongo:

1. Fee Structure:
   
   • eCommission: Fees are calculated based on the advance amount and the time until closing.
   • Tongo: Promises lower fees and more transparency in its fee structure compared to traditional providers.
2. Application Process:
   
   • eCommission: May involve a more detailed application process, including detailed sales documentation.
   • Tongo: Simplifies the application process, potentially offering faster approvals without extensive documentation.
3. Flexibility and Terms:
   
   • eCommission: Conventional parameters of commission advances.
   • Tongo: Provides more flexible terms, which can be more accommodating for agents with varying cash flow needs.

Need more information to help you decide? Visit gettongo.com.