Buyer Rebate

Typically, a buyer’s agent gets half of the 6% commission that the seller pays in order to sell a home and then splits their proceeds with their managing broker. The average buyer rebate we offer our clients is 0.5%. A 0.5% rebate of the 3% commission on a $430,000 home, would save the home buyer $2,150.

By law, your rebate must be on your closing statement so once we get the offer going we'll need to alert your mortgage rep so they are aware of the rebate.


Real Estate Rebate Commission Explained 

 

Purchase Price: $500,000.00 

Commission: $15,000.000

Rebate: $2,500 

 

For more information call 248-730-5411 or email info@michiganluxuryrealty.com