Make some cash back from our Buyer Credit Program, only available to Flat Rate Realty clients!!

We give a CASH CREDIT of up to 1% of Sales Price back to our buyers*

Buy a home with us and receive a cash credit of up to 1% of Sales Price.  Home sellers normally offer a buyer’s agent commission of 2% – 3% of the purchase price. Your rebate will be up to 1% of the purchase price*

•     Credit on your closing statement — this is the easiest way. Our rebate will be itemized on your HUD1 closing statement as a credit, requiring you to bring in less cash to close escrow.
•     Check after the close of escrow — some clients prefer to receive their rebate outside of escrow.

Is a California real estate commission rebate taxable? NO, real estate commission rebates are not considered taxable by the IRS. A rebate will reduce the cost basis of your home (the price you paid).  For example:  If you purchase a $1,000,000 home and we credit you $10,000, your cost basis on your home would be $990,000. When you sell your home any profit would be based on that purchase price. We do not report a commission rebate to the IRS.

Is a commission rebate legal? 100% YES, The United States Department of Justice has a webpage entitled “Rebates Make Buying a Home Less Expensive“.  Ten states have enacted laws that forbid brokers from offering refunds, thankfully, California allows Us to share our commission with you.

(*1% of sales price credit on resale home purchases  – subject to a minimum commission of $9,950 to us)

Selling your home?  Save BIG with us…