$300,000 sales price x 6 realtor points= $18,000
Buyer's Agent takes $9,000 and rebates ypu back $5,000
Here is a list of just a few items borrowers can apply their Realtor's Rebate Credit towards:
pay for closing costs
pay for separate attorney representation for buyer
pay for Interest Rate reduction
pay for the 1st full year of home ins.
pay for taxes and ins. escrows
pay for home repairs
pay off credit card debt and auto loans
pay off collections and judgments
pay to lower the sales price
pay for new furniture
pay to upgrade all new appliances
pay for home remodeling and additions
pay to have home painted
pay for weekly pool maintenance
pay for credit repair
pay for landscaping
pay for monthly lawn care
pay for new A/C system
â€¦and/or even pay prior realtor for their efforts
NOTE: consumers should shop lenders and realtors for their Best Overall Deal.
The Florida Real Estate Commission(FREC) Rule 61J2-10.028 (2) provides that a licensee may share brokerage compensation with a party to a transaction as long as full disclosure is given to all interested parties.
US Dept. of Justice Consumer Alert: Consumers Can Save Thousands of Dollars in Commissions
Contact me and Iâ€™ll introduce you to realtors who offer Buyerâ€™s Agent Credit savings anywhere in FL.
Pro Option Mortgage
Ph: 888 662 4404
Prior Service U.S. Marine Corps