1 a buyers rebate in NJ is when you the buyer agree to buy only through one particular agent and you sign a contract to that for that the your agent agrees to give you X amount of their commission. For example if you buy a home a home for $350,000 and the total commission is $7000 to the agents office, then you split that into 1/2 and he or she gets $3500 and then they give you $100 or $200 from that. It may not seem like a lot but the only way the agent gets paid is if he or she brings you to a successful closing. You could put your agent through 100 hours of work over 3 months and then have the sale fall through. Then the agent gets nothing? Are you willing to pay the agent for their time even though you did not buy a home?
2 Yes it is available to you any resident of NJ
3 I do not know of any main stream offices that offer it in the Parsippany area.
As a buyer the real estae transaction will cost you the ormal fees associated with closing title. If you are working with a realtor they will be doing everything they can to get you the best house for what you can afford. Please understand that we work very hard to do this and that most of us get a percentage of the selling broker commission , as much as half for newer agents.
Personally I will not consent to give my hard erned money away. I spend enough time away from my family working diligently to find my clients a home. I can tell you I earn my money.
EXIT Realty Gold Service
973-334-7500 X 108