BUYERS:
Because clients come to us having already started their search online, our agents focus on service, not prospecting. That's why we can afford to offer full service and still rebate 1% of every commission our agents receive up to a maximum of $50,000.*
*Homes over $5M excluded from rebate.
How does the commision refund work?
When representing a home-buyer,@listings earns a commission from the seller, usually worth 2-3% of the home price. At closing, we rebate 1% to the buyer up to $50,000.00.
In this example:
You pay $1,000,000 for a house and your@listings 1% rebate of $10,000 is delivered to you after the close of escrow.
You receive your rebate within 10 days of closing
You can sometimes apply your rebate to closing costs and get the rest as a check within ten days of closing. Certain loan programs may not allow you to receive any credits, so check with your lender about their policy upfront so you will know how your rebate can be allocated.
You cannot use your rebate as part of your down payment.
