So, what is a buyer agent commission rebate?

Dated: 02/06/2020

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Simply put – cash back at closing.  But, there’s a bit more to it than that.

According to the United States Department of Justice, “commission rebates are usually calculated as some fraction of the broker’s commission and can result in thousands of dollars being returned to the consumer”.

In other words: A buyer agent commission rebate is – money that your buyer agent will refund to you at closing.

When a buyer purchases a home, a large part of the purchase price goes to pay off commissions to the agents involved.  The buyer agent typically receives a commission equal to 3% of the home purchase price.  A buyer agent commission rebate is a portion of the 3% commission that the buyer agent will rebate to the buyer at closing. Read More

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Greg Messick PC

Greg Messick the Team Leader and owner of the Messick Team has been in the housing industry for 30 years. Greg founded Realty Net, LLC. a real estate brokerage in Oregon in 2001. Realty Net is one of ....

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