Get Money Back After Closing!
What, When, Where, and How on Buyer Rebates
What Are Buyer
A buyer rebate is when the real estate
broker that represented a buyer in a transaction shares their
commission with the purchaser they represented. Currently,
buyer rebates are allowed in all but 10 states, Alabama, Alaska,
Kansas, Lousiana, Mississippi, Missouri, Oklahoma, Oregon,
Tennessee, and Iowa. Buyer rebates are allowed in NJ.
Who Gives Buyer
Real estate brokers give buyer
rebates. However, brokerages are not required to give buyer
rebates. The choice to give buyer rebates is up to each
broker. Most brokers do not offer rebates since rebates cut
into their profits. If you provide your information to the
right of the screen, we can introduce you to an
agent that services Quailbrook in Somerset, NJ and also provides buyer
When Would I Get
A Buyer Rebate?
You would typically get a rebate a week
or two after you purchase a house. The full commision amount
is paid to the broker that represented the buyer in the
transaction. Then the broker would give a check for the agreed
upon amount to the buyer.
Where Can I Get
From any real estate broker who offers
them. If you would like to see if you qualify for
one, provide your contact information to the right of
the page, so we can contact you about a buyer rebate.
How Much Money Do I Get and How
Can I Get A Buyer Rebate?
Since a rebate is taken from the
commission paid to the buyer's broker, a portion of the buyer
broker's commission would be the rebate. Rebates are
negotiable, but remember when a rebate is given, a real estate
broker is sharing their income with you, so there are several
factors that can help determine a rebate amount.
In order to receive a buyer
rebate, some states, such as New Jersey, require you to
sign an agreement before a buyer-broker relationship commences and a
search for real estate begins. We work with real estate
brokers and agents who offer generous rebates. To get in
contact with our Quailbrook buyer's agent who offers
rebates, you can provide your information to the right of the
Questions? Contact Our Resident
Real Estate Professional - RealMart Realty
|27 Bleeker St.|
|Millburn, New Jersey 07041|