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Tips, guides & trends for financial success in the real estate profession

The Top Commission Advance Companies of 2024: Trustpilot's Picks

Managing cash flow is crucial, and sometimes challenging, for real estate professionals. Commission advances can be a lifeline, providing immediate funds for business expenses, marketing, and personal needs while waiting for deals to close. But what are agents saying about their experiences with these companies? Let’s countdown the top four commission advance companies.

How to Find the Cheapest Commission Advance

In the world of real estate, agents and brokers often find themselves needing quick access to funds. Whether it's for bridging the gap between commissions or injecting cash flow into their business operations, a commission advance can be a lifesaver. However, with a plethora of options available, the challenge lies in finding the cheapest commission advance that aligns with your financial needs and business model. This comprehensive guide aims to provide you with actionable insights to secure the most economical commission advance available.

Establishing a Strong Financial Foundation: Essential Strategies for Real Estate Professionals

Maintaining financial wellness can be as crucial as closing deals for real estate professionals. Often juggling multiple transactions and facing unpredictable income streams, agents must adopt robust financial strategies to secure their financial future and optimize their earnings.

Effective Home Staging Tips for Real Estate Agents

Staging a home is a tried and true strategy for real estate agents to enhance a property's appeal, helping potential buyers envision themselves in the space. A well-staged home can highlight the property's best features and lead to quicker, more profitable sales. Here are essential tips to ensure your home staging efforts are successful.

How to Apply for a Commission Advance

A commission advance, also known as a real estate commission advance, offers you the opportunity to receive a portion of your anticipated commission before the transaction officially closes. This financial tool is designed to address cash flow gaps and empower you to navigate the fast-paced real estate landscape with confidence.

Should I Advance Commissions? A Guide for Real Estate Agents and Brokers

In the fast-paced world of real estate, cash flow is crucial for ensuring smooth operations and maintaining a competitive edge. For many real estate agents and brokers, waiting for commissions from completed transactions can lead to financial strain, impacting their ability to invest in marketing, cover business expenses, or even secure personal needs. This is where the concept of "Advance Commission" or "Commission Advance" comes into play. In this blog post, we will explore the pros and cons of advancing commissions, helping you make an informed decision on whether it is the right choice for your real estate business.

Meet Nick Johnson, VP of Partnerships

Meet one of our team members at Tongo - Nick Johnson. Before Tongo, Nick worked at Side, Zillow and Compass both as a broker and on the corporate side. Nick joined the Tongo team as our VP of Partnerships back in April. We asked him a few questions about Tongo and real estate.

Improve Your Credit Score: A Comprehensive Guide For Real Estate Agents

In today's financial landscape, having a good credit score is crucial. Whether you're applying for a mortgage, a car loan, or even a credit card, your credit score will often determine the terms and conditions you're offered. Improving your credit score can open doors to better interest rates, higher credit limits, and more favorable loan terms. In this comprehensive guide, we'll explore the various strategies you can use to improve your credit score and maintain it over time.

A Real Estate Agent’s Guide to Tracking and Managing Expenses

Real estate agents often juggle various financial responsibilities that can affect their profitability and business efficiency. Effective expense management is crucial not only for maximizing income, but also for maintaining a clear financial picture. This guide explores best practices for tracking and managing expenses tailored to the unique needs of real estate agents.