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Asked by Julie, Austin, TX Tue Jun 10, 2008

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Answers

9
;, , Riverhead, NY
Sat Jul 5, 2008
Assuming that it's legal in your state (you can check at the Dept. of Justice real estate website), the rebate is provided in writing to you, and disclosed to both the seller and lender. Upon acceptance by the lender, it is shown on your HUD1 as a credit at closing to you. If done legally, it's a good opportunity to save some money. In the absence of full disclosure, however, it's not permitted, so make sure that the company provides a legitimate paper trail- full disclosure is KEY.
Web Reference:  http://OPTIONSREALTY.COM
0 votes
Jim Kelder,C…, Agent, Scottsdale, AZ
Fri Jul 4, 2008
Buyers are encouraged to consider how strong the agent representing you will be when it comes to negotiating " your" money. Next, why do they feel the need to "buy" your business. Focus on your NET COST to get the home you want. When you go to an accountant, you expect to save more on taxes than the fee charged, right? Do you really think that a "discount tax preparer" will "save" you money? Really? If you believe that then hire the cheapest agent you can find because it does not matter how good they are.
Web Reference:  http://www.TheKelderTeam.com
0 votes
Heather Ande…, Agent, Allen, TX
Tue Jun 17, 2008
A Realtor gets paid 3% of the purchase price (or base price for new homes) for spending months helping buyers find the perfect home. This entails prospecting and previewing homes that match the buyer's criteria and then showing those homes to buyers. The Realtor will also help advise on the fair market value when the buyer decides on a home. A lot of times with new homes, buyers can easily find that perfect home themselves, thus saving the Realtor lots of time and energy of prospecting and showing homes. In these instances where the Realtor does not have to put in as much time and effort, they might be willing to offer a rebate. Every office is different in the type of rebate programs they offer. Just make sure you talk about it up front before you start the search process.

If you are wondering about the actual transaction, when the seller (or builder) pays out the commission to the broker, the broker can instruct the title company to credit the rebate amount back to the buyer. This is shown on the HUD-1. No money is actually exchanged between buyer and broker and everything is disclosed on the HUD-1.
Web Reference:  http://www.janusREgroup.com
0 votes
Jeff Boaman, , 75024
Tue Jun 17, 2008
It varies per brokerage. Our company does not partcipate in rebates when representing buyers. Our feeling is if the Broker/Agent is willing to give part of their commission up front to you, imagine how they will negotitate for you.
0 votes
Bruce Lynn, Agent, Coppell, TX
Wed Jun 11, 2008
You need to ask your broker if you are allowed to do this in your office. Some can some can't. Prospect prospect prospect and you won't need to start down this slippery path.
0 votes
Dallas Texas, Agent, Dallas, TN
Tue Jun 10, 2008
We offer a Dallas home buyer rebate program, we place that in the buyer rep agreement. All realtors can offer a special program based on each of their own guidelines. You can visit my website http://www.lynn911.com how our program works. Contact my office I can detail further questions you may have.
0 votes
Mattye Smith, Agent, Addison, TX
Tue Jun 10, 2008
Call me for a confidential interview to determine if you qualify for my rebate program...I will fully outline details.

Mattye P. Smith
Realtor
972-733-5265

Colonial Real Estate
0 votes
Jim Kelder,C…, Agent, Scottsdale, AZ
Tue Jun 10, 2008
In Arizona, it must go to a CLIENT unless paid to a licensee.
0 votes
Jim Johnson, , 78233
Tue Jun 10, 2008
You should ask your broker or office manager.
0 votes
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