Rivers Commissions

Chicago commission advances

Your commission. Before closing.

Once your deal is under contract, send it over. We review the contract, not your credit, tell you how much we can advance, and you pick the amount. Paid within 48 hours of approval.

Apply for an advance Run your numbers
Paid in 48 hoursDirect deposit, or a check hand-delivered to you.
No credit checkWe underwrite the deal, never your personal finances.
No limitsAdvance as many deals as you want, of any size.
Sales and rentalsResidential and commercial are treated the same.

How it works

You apply. We approve. You get paid.

Any deal that's under contract can be considered for an advance.

  1. Apply

    Send the executed contract, plus the listing agreement if you're the listing agent.

  2. Review

    Our team reviews the deal and tells you how much we can advance. If anything is unclear, we'll call you.

  3. Pick your amount

    Take any amount up to what we approve. Take all of it or only what you need.

  4. Get paid

    The full amount you chose goes to your bank, usually within 48 hours. Fees are repaid at closing.

Calculator

Let's do the math.

Enter the amount you want advanced. You can choose any amount up to what our team approves for your deal.

$
Drag or type. There's no maximum.
Deposited to you$10,000

The full amount, usually within 48 hours of approval.

Advance fee$1,000

10% of the amount advanced.

Application fee$100

Flat, per advance.

Repaid at closing$11,100

The advance plus fees, from your commission when the deal closes.

If closing slips: you have a 14-day grace period past the scheduled closing date. Starting on day 15, a closing extension fee of 0.3% of the amount advanced is added per day until we're paid.
This is an estimate. Final terms are in the advance agreement you sign.

Apply

Let's get you paid.

  • The executed sales or lease contract
  • The listing agreement, if you're the listing agent
  • The amount you'd like advanced
  • A signed ACH authorization form, required before funding

Have more than one deal under contract? Send each one. There's no limit.

Click or drag a file to this area to upload.
Click or drag a file to this area to upload.

FAQ

We've got answers.

What are your fees?

A 10% advance fee plus a $100 application fee. Nothing comes out of your deposit: take a $10,000 advance and you receive the full $10,000. At closing, $11,100 is repaid from your commission ($10,000 advance, $1,000 fee, $100 application fee). Both fees are non-refundable once the advance is funded.

What if the deal doesn't close?

You're still responsible for repaying the full amount owed. Until it's repaid, it can be collected from your future commissions. The agreement spells this out, and you're welcome to have an attorney review it before you sign.

How much can I advance?

Our team reviews your deal and tells you the most we can advance on it. You can choose any amount up to that number.

How quickly will I get paid?

Our goal is to review your request, decide, and pay you (if approved) within 48 hours. It can take a little longer, but we usually hit that target. We'll stay in touch throughout so you know your expected payout date.

Do you run a credit check?

No. Your personal credit has nothing to do with our decision. We look only at the sales contract and decide based on the deal itself.

What if the sale closes after the expected close date?

You have a 14-day grace period. If we haven't been paid within 14 days of the scheduled closing date, a closing extension fee of 0.3% of the amount advanced is added per day, starting on day 15. On a $10,000 advance, that's $30 a day.

Is there a limit on deal size or number of advances?

No. There's no limit on the number of advances or the size of the deal. We review each deal to decide what we can approve.

I have several closings coming. Can I advance all of them?

Yes. Submit as many deals as you'd like, as often as you like.

Can I get an advance on a rental?

Yes. Fill out the same form and our underwriting team will let you know if it's approved.

Do you advance on commercial deals?

Yes. We treat commercial and residential deals the same. If underwriting is comfortable with the deal, we'll approve it.

Can I get an advance on a short sale?

Usually not. Short sales can be delayed for months. You're still welcome to submit one and we'll tell you what underwriting decides.

Why would you turn down a deal?

Underwriting reviews every part of the contract to confirm the deal should close smoothly. If something is unclear, we'll reach out first. Send every relevant document and we can move faster.

Contact

More questions?

Email us or send a note with the form and we'll get back to you.

Rivers Commissions LLCinfo@chicagocommissionadvance.com3323 W Diversey Ave, Chicago, IL 60647