Tongo is a financial platform built specifically for real estate agents, and its commission advance is designed around how agents actually get paid. Instead of waiting for closing day, you can get early access to a portion of a pending commission, up to 75%, on a residential transaction closing within 60 days. Once you’re approved, you can send funds to a linked bank account whenever you need them. Fees start as low as 3% per 30 days and apply only to the amount you use, so if you don’t take any of your approved amount, there’s nothing to pay.
Have more than one pending deal? Submit them together to increase how much you can access.
Unlike traditional lending products that require payments on a set schedule, a Tongo advance is repaid from your commission at closing. If your deal is delayed, repayment moves with it. If your deal falls through, you can simply repay with your next closing.
With self-pay, you repay Tongo directly after closing, and no broker approval is needed. With broker-pay, your broker approves the advance and pays Tongo at closing.
Traditional commission advances start from the same idea: early access to a commission you’ve already earned. But they often arrive as a one-time lump sum, with fees charged on the full amount, and usually need your broker or title company to sign off. Tongo was built to make that experience easier. Fees apply only to what you use, pricing stays simple, and with self-pay the process stays between you and Tongo.
Many agents use credit cards to cover expenses while they wait for a closing. Tongo is built around your commission instead. An advance is tied to a specific pending deal and repaid from your commission at closing, so there are no monthly minimums or compounding balances to manage. Fees apply only to the amount you use, and if your deal is delayed or falls through, you simply repay with your next closing. A Tongo advance also has no impact on your credit.
Tongo is the first commission advance designed specifically for real estate agents. Click here to learn more.
