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 […]

If you’re a real estate agent, chances are you’ve heard of commission advances. A commission advance is a financial product that provides real estate agents with access to their future commissions once a deal goes pending. This can be helpful for agents that need cash flow to cover expenses or invest in their businesses. However, […]

As a real estate agent, you’re used to working on commission. Though a commission-based compensation structure is rewarding, it can also be stressful knowing you have a deal in the works but need to wait until closing day to get paid. A commission advance gives you early access to your pending commissions — essentially, you’re […]

As a real estate agent, you know how hard it can be to put your business on hold while you wait for your deals to close. Growing your real estate business requires a steady cash flow, which can be challenging when you work on commission. A real estate commission advance can help put you in […]

A commission advance is usually made possible by an intermediary company that offers real estate agents a portion of their commission for a fee, which is then repaid at closing. If the percentage of the fee is reasonable, this can be a cost-effective way for an agent to use their commission right after going under […]

How commission advances work for the commission economy Of course, we all know the dynamics of commissions. While they may make for big paydays, their arrivals can often be unpredictable, even for the most productive and experienced agents. Delayed closings, derailed financing, appraisal problems, disparity in closing figures and any number of other issues can […]