Uploaded on Jul 5, 2021
At Magnolia Realty, we also typically do not charge any fees to the buyers. When any property is listed on the MLS, the listing agents are required to offer some compensation to the Realtor that represents the buyer. Contact Magnolia Realty if you want to learn how much cash back you can get from your Realtor when buying a new home in Washington DC. Visit https://www.magnolia-realty.com/buy-a-home/
How does Realtor Rebate Commission work
How does Realtor Rebate Commission work?
https://www.magnolia-realty.com/buy-a-home/
One marketing tool used to attract buyers to a brokerage is rebates.
A portion of the commission offered by the seller’s broker to the
agent bringing the buyer is credited/rebated to the buyer at or after
closing.
Imagine buying your dream apartment in the United States. You
worked hard to save up for it. You searched online and were assisted
by an expert real estate broker to find the perfect place. You
completed your purchase, but to your surprise, you got a huge
commission rebate check from your real estate broker!
It may sound too good to be true. However, a
realtor rebate commission is the most important topic traditional
real estate brokers are not telling you. Buyers can get cash back
when buying a property in the US. This means significant savings for
you that can offset closing costs or simply put more money back in
your pocket.
Commission Rebates in NYC – A Smart, New-Fashioned
Approach
Thankfully, there is a fairer, smarter approach called a buyer agent
rebate or realtor rebate commission. This new approach enables
buyers to get more financial benefits when they buy a home or
apartment in the United States.
So, what is a Realtor Rebate Commission?
If we put it simply, it is cash back at closing. But there is more to it
than just this.
As per the UD Department of Justice, “commission rebates are
generally calculated as some fraction of the broker’s commission.
This can result in thousands of dollars being returned to the
consumer.”
A buyer agent commission rebate in other words can be said as,
money that a buyer agent will refund to you during closing.
When a buyer purchases a home, a huge chunk of the purchase price
goes to pay off commissions to the agents involved.
At Magnolia Realty, we provide full service for a more reasonable fee
and credit our buyers with 1.5% of the sales price at settlement. We
offer the largest rebate offered by a realtor in Maryland and
Washington DC.
Once you identify the homes that you are interested in, we will step
in and also provide you with full service representation to help you
build your equity. Our rebate is applied towards closing costs at the
time of settlement and reduces the cost of your home purchase by
1.5 % of the sales price. We have a minimum fee of $6,500.
How Does a Realtor Rebate Commission Work?
When representing home buyers, an agent is usually paid at closing
by the seller. The payment is done in the form of a commission
payment. The agent would then credit the part of the commission to
the buyer.
At Magnolia Realty, we also typically do not charge any fees to the
buyers. When any property is listed on the MLS, the listing agents
are required to offer some compensation to the Realtor that
represents the buyer. Our fee is based on that.
And when a property is not listed in the MLS or is sold by the owner,
we negotiate our commission with the seller with prior knowledge of
the buyer. We do not have any admin fees.
Contact Magnolia Realty if you want to learn how much cash back
you can get from your Realtor when buying a new home in
Washington DC.
Contact us:
Magnol ia Realty Home Buyer Rebates
A ddress:
17604 Park ridge Dr, G aithersburg, M
aryland P h o ne: 301 - 775 - 0175
Co u ntry: U S A
E m ail - ay a@ magnolia- realty.com
Web - h ttps:// www.magnolia - realty.com/
S tay w i th u s :
Comments