North Carolina Real Estate Commission Rebates
A real estate commission rebate allows a home buyer to receive a portion of the commission from their real estate agent. If you are interested in purchasing a home with a North Carolina’s buyers agent, please contact our office or visit our home page
Purchasing a home is one of the largest financial transactions a person will have. Attaining financing, title fees, and miscellaneous costs can drive up the out of pocket expense for a buyer. Having the option of a commission rebate can help negate these home buying costs.
White Stag Realty has buyer’s agents who handle real estate transactions that involve a home buyer commission rebate. A real estate commission rebate is negotiable and terms vary from transaction to transaction, depending on a number of factors, including the expected value of the home. Please contact us to learn more about real estate commission rebates or to speak with one of our real estate agents.
A real estate commission rebate is when a buyer’s agent gives back a portion of their commission to the buyer. This is a legal practice in most states in the US, and it can save buyers a significant amount of money on their home purchase.
Buyer’s agents typically earn a commission percentage of the purchase price of a home. This commission is often paid by the seller, but it is typically factored into the listing price of the home. This means that buyers are indirectly paying their agent’s commission, even though they don’t write a check directly to the agent.
When a buyer’s agent offers a rebate, they are agreeing to give back a portion of their commission to the buyer at closing. The amount of the rebate can vary.
There are a few reasons why buyer’s agents might offer rebates. Some agents believe that it is a fair way to share the commission with the buyer, since the buyer is ultimately the one who is paying for the agent’s services. Other agents offer rebates as a way to attract new clients or to compete with other agents in their market.
For buyers, a rebate can be a great way to save money on their home purchase. Even a small rebate can add up to thousands of dollars, which can be used to help cover closing costs, moving expenses, or a down payment.
If you are considering buying a home, it is important to ask your buyer’s agent if they offer rebates. Not all agents do, but some do, and it is always worth asking.