Often we find that real estate agents and brokers think of Tongo within the framework of a commission advance. While there are some similarities, Tongo is a unique product that was built to stand in a category of its own. With that in mind, we wanted to take a moment to explain just how Tongo is different from a commission advance.
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.
For real estate agents in Florida, commission advances offer a practical solution to the cash flow challenges inherent in the industry. By choosing the right advance company and understanding the process, agents can maintain financial stability and focus on what they do best: selling homes.
Real estate agents, whether independent or part of a larger brokerage, need to keep track of a lot of expenses, from marketing and mileage to open houses and home offices. Fortunately, several expense tracker apps cater specifically to the unique needs of real estate professionals. Here are several expense tracker apps that any real estate agent should consider.
As a real estate agent, you’re probably used to asking your broker for their blessing on any financial changes to your deals. If you want to adjust your commission for a client, you’ll usually have to get your broker to approve the new compensation agreement. If you want to negotiate a different commission split for yourself, only your broker can greenlight that change.
Two key components that can significantly impact the success of a deal are home inspections and appraisals. Both play crucial roles in ensuring a smooth transaction, but many clients may not fully understand their purpose or importance. Here are tips for how real estate agents can advise their clients on these steps and help them navigate the process with confidence.
A commission advance is essentially a short-term loan based on your anticipated commission from a pending real estate sale. You receive a portion of your commission upfront, typically around 70-80%, with the remaining balance paid out after closing, minus any fees associated with the advance.
When discussing wellness or well-being, words like mindfulness, meditation, exercise, and mental health usually come to mind. However, in a world saturated with paths to achieving well-being, one important facet that often gets overlooked is financial wellness.
As the shift to remote work continues to reshape the housing market, real estate agents must adapt to evolving buyer preferences and trends to stay competitive. With more companies allowing flexible work arrangements, homebuyers are seeking properties that fit their new lifestyles, leading to increased demand in suburban, rural, and even vacation home markets.