This is our highest rebate option and is most utilized by experienced buyers who have already found a property they want to purchase.
How the rebate works:
Commissions are paid by the seller and are usually 5% of the home’s price. They are pre-established between the seller and his/her broker before the property goes on the market and the percentage is shown on the MLS.
The commission is shared between the seller’s and buyer’s broker, which generally means 2.5% to each side. We rebate all of our commission over 1% of the purchase agreement price. (Our minimum commission is $7,000.)
Typical rebates from a 2.5% commission:
Purchase Price | Typical Rebate | |||
$700,000 | $10,500 | |||
$850,000 | $12,750 | |||
$1,000,000 | $15,000 | |||
$2,000,000 | $30,000 |
Note: We do not show properties or prepare a comparative market analysis with this option.