By: The United States Department of Justice From: Justice.gov In purchases where buyer's brokers are offered half of a 5% commission, they may compete on price by refunding a portion of their commission to the homebuyer. A 1% rebate on the median-priced home would save the homebuyer $1,843. Consumers can...
How Does A Buyer Agent Commission Rebate Work?
By: Bryan Bowles Source: Transactly.com So, what is a buyer agent commission rebate? Simply put – cash back at closing. But, there’s a bit more to it than that. According to the United States Department of Justice, “commission rebates are usually calculated as some fraction of the broker’s commission and can result in thousands of...
What Does A Buyer’s Agent Do?
By: Alissa Talimonchuk Source: Transactly.com Whether you started your home search by browsing Zillow on your lunch break or looking up that house for sale that you see on your way to work, the one with the perfectly fenced yard, it’s likely you’re going to end up completing your home purchase with...
Understanding How Commission Credits to Home Buyers Function
By: Elizabeth Weintraub Source: TheBalance.comWhen Agents Kick Back Their Commissions to HomebuyersSome agents will kick back all or part of their commissions to buyers to help sales along. Not all agents are willing to part with what they see as their hard-earned money, and not all state laws are on board with...