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Frequently Asked Questions (FAQ)

Find answers to some of the most common questions below.

General

CONCO FASTPAY is a financial technology company that provides commission advances to real estate agencies, agents, and developers. We help turn future commissions into immediate capital so you don’t have to wait 60–120 days for payout.

We are not a loan company. Our service is a commission advance based on specific completed sales, not debt. This means no recurring repayments or liabilities on your agency’s balance sheet.

We partner with licensed real estate agencies, property developers, and registered agents who want faster access to their earned commissions. Whether you manage a team, sell directly, or work independently, Conco Fastpay helps you unlock commissions earlier and keep your cashflow moving.

Process

  1. Submit – Agencies or agents submit a request once a deal is unconditional (contract signed, deposit cleared, loan approved).
  2. Approve – We verify the transaction with your agency or developer.
  3. Disburse – Funds are transferred within 3–5 working days.
  4. Repay – When the commission is released, the payment flows directly to Conco Fastpay. The agency or agent receives the balance after deducting our agreed fee.
Once approved, funds are disbursed within 3–5 working days.

To process an advance, we typically require:

  • Commission entitlement letter or invoice from the agency/developer
  • Relevant pages of the signed Sale & Purchase Agreement (SPA) or Tenancy Agreement
  • Proof of deposit payment
  • Loan approval letter
If the deal is cancelled, the commission receivable no longer exists. In such cases, the advance must be adjusted or repaid by the agent, as set out in our factoring agreement.

Costs & Fees

Our fees are based on the commission amount and the expected payout timeline. Everything is simple, transparent, and agreed upfront before any disbursement.
No. All fees and charges are clearly outlined in the agreement. What you see is what you pay.

Risk & Responsibility

No. Advances are provided against specific transactions, not the agency itself.
Repayment happens automatically when the commission is paid at settlement. Neither the agent nor the agency needs to make manual repayments.
If a developer delays payment, your advance is simply extended until the commission is released. Agencies remain responsible if the receivable is cancelled or reduced, but there is no extra penalty just for delays.

Security & Trust

Yes. We follow strict PDPA-compliant processes. All personal and banking information is encrypted and stored securely. We only request documents necessary for verification.
Each request is verified directly with the agency or developer office before approval. This ensures every transaction is genuine and transparent.

Eligibility & Flexibility

Yes, registered agents with proof of completed sales can apply directly for advances.
We work with licensed real estate agencies of all sizes, and with developers offering commission entitlements. If you have verifiable commission receivables, you may qualify.
Yes. Advances can be made on single or multiple commissions, depending on your needs.
As often as you close qualifying deals, provided the receivables are verifiable.

Getting Started

Simply contact us at info@fastpay2u.com or visit https://fastpay2u.com/factoring-application/ to submit your request.