Tongo is a commission-backed line of credit that offers EXIT Realty agents access to the capital they need to grow their businesses. Plus, it’s private and costs as low as 3% per 30 days.

Go Stabilize. Go Invest. Go Grow.

What is Tongo?

Tongo is a line of credit built for EXIT Realty agents.

The first commission-backed line of credit.

It’s a line of credit based on your pending commissions. Agents add pending deals in Tongo to open their available limit. That limit can be accessed as needed by instantly transferring funds to a linked bank account or by swiping the Tongo card.

We work the way you do.

Use your approved limit to invest in your business. Then when a deal closes and you’ve received your commission, repay Tongo directly. With Tongo, your expenses and income are aligned so you can focus on growth.

How it Works

Stabilize, invest, and grow in 3 easy steps.

Join

Sign up takes less than a minute. Then just tell us about your pending deals to build an available limit. Limits are based on pending commissions, production and payment history. Upload multiple deals to build a higher limit. Plus, there’s no broker sign-offs.

Draw

Use your approved limit by instantly transferring funds to your checking account or by making purchases with the Tongo card. Either way it costs as low as 3% per 30 days. Come back to your limit as many times as needed. It’s available until closing.

Repay

Tongo gets paid when you get paid. After your deal closes and you have received your commission, just repay Tongo directly. Fees are charged on the amount of limit accessed. If you don’t use any of it, there’s nothing to pay.

Tongo Reviews

Here's what Tongo members have to say: 

Tongo is like using a line of credit without impacting my credit score. I was able to invest in marketing and got two more listings.

Pamela W.

It's a real estate agent's dream. Tongo is something that will definitely change the industry.

Giovanny F.

It was overall just very easy to use and the pricing is excellent compared to other products on the market.

Maria C.

 It really was a smooth process that shows Tongo understands how realtors want to move forward with their finances.

Dennis D.

FAQs

  • Payment isn’t due until you have a closing so if a deal is delayed, the payment date adjusts accordingly. If a deal falls through, Tongo just gets paid with the next closing.

  • We accept residential sales transactions scheduled to close within 60 days.

  • When you apply for Tongo, we may perform a soft credit inquiry which has no impact on your credit score.

    Unlike hard credit inquiries, soft credit inquiries, also known as soft credit pulls or soft credit checks, are reviews of your credit report that do not affect your credit score.

  • We value your privacy, so your broker does not need to sign off for you to use Tongo.

  • The Tongo card lets you conveniently make purchases with your approved limit anywhere Visa is accepted. You’re not required to use it and can always just transfer funds instantly to your linked bank account.

  • Tongo is not a loan or a credit product. A commission-backed line of credit is a purchased commission or a factored account receivable. Factoring can help companies improve their short-term cash needs by selling their receivables in return for an injection of cash from the factoring company.