Tongo

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How A Real Estate Advanced Commission Works

How A Real Estate Advanced Commission Works.

It’s fast and private! Tongo can pay you now on your pending residential real estate contract to meet your cash flow needs. Upon approval, your commission advance is wired to you instantly!

A commission advance is usually made possible by an intermediary company that supplies realtors with their earnings for a small percentage of the sum. If the percentage is reasonable this can be a cost-effective way for an agent to use their commission right after selling a home. But why get a commission advance in the first place? Selling a home is an exciting moment for a real estate agent, but it only marks the beginning of the home sale process.
After a buyer chooses a property to purchase it’s time for a real estate broker to begin drawing up paperwork that will complete the home sale. For the real estate agent, this period of time is one of waiting, because their commission doesn’t go through until the ‘i’s are dotted and ‘t’s are crossed. While waiting for the broker to do their magic some realtors opt for an advanced commission.
Submit An Application For An Advanced Commission Before getting a commission advance most realtors have some pertinent questions. First of all, it’s important to note that submitting for an advanced commission won’t affect your credit score. When it comes to Tongo, the process of submitting an application is completely free. There’s no fee to apply. While the real estate broker is getting the papers and home buyer signatures in order, a realtor can tell Tongo about their business, recent signing, and cash needs.
For those nervous about the fees, we can submit our advance amount and receive a quick quote on the fees that will be due at closing. A commission advance doesn’t have to be stressful. Tongo makes the process seamless from application submission to next day funds.
Flexibility If Real Estate Sale Doesn’t Close Closing a real estate deal isn’t the end of the home buying process. A real estate sale isn’t complete until the broker approves the deal, writes the contracts, and completes them. An advanced commission comes in handy in the interim of shaking hands on a real estate deal and closing the actual home sale.
There are three steps to finding an honest commission advance company:
  1. Transparent pricing
  2. No hidden fees
  3. Next day funds
If the real estate sale doesn’t close, that’s not a problem. The realtor can replace these earnings using the next commission that they earn. For a sale that may be delayed, Tongo will grant a 20-day extension beyond the original settlement date. A Tongo advanced commission is one of the most transparent options for a realtor looking to apply for an advance.
Commission Can Be Advanced Within 1 Days Before receiving a commission advance you’ll need to be slightly vetted. To apply, just send Tongo information about your business, the dealings of your recently closed real estate sale, and details about your financing needs. After all of this information is received, the real estate funds will be added to your account within one business day.
So now you know how easy it is to get access to your commission when you need it, but why would you want to get an advanced commission? Well, you can utilize this service and be the first to jump on a ripe investment. It’s also a great tool when we need fast cash to put back into your business. Learning more about the uses for a real estate commission advance is essential if we want to know the secrets of the industry.
Working with Tongo is a stress-free way to get access to our hard-earned real estate commission when we need it. The easy application process, transparent fees, and excellent service make it an advanced commission company worth working with.