What Is a Buyer Agent Commission Rebate?

Save 2% When You Buy: https://www.hauseit.com/buyer-closing-credit/

A buyer agent commission rebate is an effective way to save money on your closing costs, or to get post-closing equity via a split of your buyer agent's commission.

When a seller signs an exclusive right to sell listing agreement with a traditional agent, he or she typically agrees to pay 6% or something similar if the property sells.

The seller's agent will then typically split that 6% commission per local MLS rules if the buyer has his or her own agent, typically 50% or greater in favor of the buyer's agent.

Thus, a buyer that has their own agent will result in the seller's agent keeping 3% and splitting 3% with the buyer's agent.

Buyer's agents often advertise their services as "free" since broker commissions are a seller closing cost. However, it doesn't have to be that way. It can be better than free through a Hauseit Buyer Closing Credit where our buyer's agents will give you 2/3 of the buyer agent commission they earn, which can result in 2% or more on average in a commission rebate to you at closing.

Because the IRS views this as a reduction in your cost basis, your buyer's broker will not be providing you with a 1099 tax form, which means it won't be counted as income.

Commission rebates are legal in 40 states including New York and Florida, both states in which Hauseit operates.

Buyer Agent Commission Rebates are known by many different names, such as buyer closing credit, commission rebate, buyer rebate, buyer commission rebate, broker rebate, buyer broker rebate, buyer closing gift, kickback & so on.

Save 6% When You Sell: https://www.hauseit.com/agent-assisted-fsbo/
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Hauseit Group LLC, Licensed Real Estate Broker
Tel: (888) 494-8258 | https://www.hauseit.com
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