Buyers MUST sign a BUYER BROKER AGREEMENT with Buyers Agent to qualify for Commission Rebate Promo.
Commission rebate amount is an estimated amount to be applied to a Buyers Closing Costs and final amount contributed not guaranteed until Close of Escrow.
Commission rebate amount may vary according to purchase price, prevailing market conditions, and other factors arising during a transaction/escrow.
Commission rebate is subject to adjustment or cancellation if the commission received from the Cooperating (Listing) Broker is less than 2.5% of the property actual sales price.
Commission rebate is subject to adjustment or cancellation if commission offered by Cooperating Broker changes after the signing of this agreement.
Commission rebate is subject to adjustment or cancellation if commission offered by Cooperating Broker must be shared with additional parties.
Commission rebate is subject to adjustment or cancellation if commission offered by Cooperating Broker the Buyer Broker is prohibited from distributing the commission rebate.
Commission rebate is subject to approval by Buyers's Lender.
In some cases a Buyer’s Lender may not permit Buyer to receive a rebate. The Buyer Broker can't guarantee all lenders will allow 100% distribution of the rebate to be applied to the Buyers closing costs.
As a result, the Buyer Broker strongly recommends that Buyers discuss with their lenders, in advance, the anticipated receipt of the commission rebate.
Unless agreed to in writing, the Buyer Broker will only issue a rebate to the person(s) and/or entity listed on the purchase contract.
The commission rebate can only be applied to cover closing costs for the Buyer.
NO CASH BACK will be provided to a Buyer at Close of Escrow. If the transaction is cancelled for any reason, the rebate is void.
Commission rebate is not available where prohibited by law.