A buyer rebate can help you save thousands of dollars in a single transaction.
|Buyer pays $300,000 for home. Purchase price includes 6% commission as written in the listing agreement.|
|3% to buyers broker is $9,000||3% to listing broker is $9,000|
|Buyer’s broker pays 2% rebate to buyer||–|
|Buyer’s rebate is $6,000 in savings||–|
A buyer’s rebate can only be issued by the buyer’s broker because the listing broker represents the seller.