Virginia – Buyer Agents Who Pay Rebates
This is a list of buyer agents who will share part of their fee with buyers. The U.S. Department of Justice wants buyers to understand that buyer broker commissions are negotiable. They even have a buyer rebate calculator (click here) to show buyers how much they can save. Don’t forget to negotiate the other terms of your buyer representation agreement (click here to see some of our buyer friendly clauses). Rebates need to be disclosed to your lender upfront and very early in the transaction. The approval process for rebates can take a long time. Prior to working with any brokers on this list, make sure to confirm that their rebate offer is still valid. If the lender does not approve of the rebate, consider asking your broker to waive the rebate portion of the commission being paid by the listing broker and having the seller reduce the price by the same amount.
Buying a NEW home in Virginia? Get 2.5% CASH BACK! Some people believe that the builder might give them a better price on a new home if they don’t use an agent. The truth is, the builder’s own company policy requires the price of the home to be the same whether you have an agent or not. Many people don’t know this, but a 3% realtor commission is built into the price of the home. If you purchase without an agent, the builder simply pockets this money as extra profit. By using me as your agent, I unlock this 3% commission and rebate you 2.5% cash back!
$400,000 home = $10,000 rebate!
$500,000 home = $12,500 rebate!
$600,000 home = $15,000 rebate!
$700,000 home =$17,500 rebate!
$800,000 home =$20,000 rebate!
Offer valid to clients purchasing new construction (no resale homes) through a builder with on-site community sales rep offering 3% buyer agent commission. If commission offered by Builder is less than 3%, your rebate will be adjusted accordingly.
1% of sales price rebate is for limited service buyer’s agent with a cap of 10 hrs of showing time including travel. For full services buyer’s agent, rebate is reduced to .3% of contract sales price. 1
Up to 1.5% rebate if you find home on your own or if we show homes up to 5 hours total if commission is 3% – if commission is less, see more info on our website regarding the Buyer Rebate Program.
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