Wisconsin and Minnesota Realtors® may be able to borrow against pending commissions with a commission advance loan from Royal. It’s a way to keep your budget on track even if you need to wait months for your sale to close and commission to be paid.
- Interest rate is based on the Prime rate plus a 3% margin*
- Fast processing times, typically 24 hours or less
- Repayment is required when your commission is paid
- Must have at least two commissions pending payment within 120 days
- Minimum loan amount is $1,000
- Maximum loan amount varies by broker but is typically $5,000 or 50% of pending commissions
- Your broker must be enrolled in our Commission Loan Program before you apply
- You’ll also need to download the commission loan form
- You must have a Royal account for funds to be deposited into
- There may be a service charge for originating a commission advance loan
