Buyer Rebates $$$ NJ Rebate Real Estate Commissions

PLEASE READ ALL DISCLOSURES AT END OF LISTING
NJ LAW PROHIBITS REBATES UNLESS AGREEMENT SIGNED AT BEGINNING OF BROKERAGE RELATIONSHIP - ONLY AVAILABLE ON RESIDENTIAL PROPERTIES

Buyer Commission Rebate Plans

Our office is now offering to REBATE a portion of our collected real estate commission to the BUYER. Here is an example of rebate amounts:

20 % REBATE on Commissions examples

Sales Price Commission Rebate to Buyer

$500,000 3% $3,000

$350,000 2.5% $1,750

$250,000 3% $1,500

For A Rebate to apply, the minimum collected commission must = $2,500+

30% REBATE on Commissions

For this plan, the buyer is performing additional functions in locating the property. They will typically be doing their own initial drive-by's , searching the MLS portions of web sites and require fewer "showing" days with their agent. Complete details on agreement. The minimum collected commission under this plan is $3,000

Max REBATE Plan (limited availibility. limited areas and significantly reduced service)

The amount of the rebate is determined here based on the Commission Collected By “Broker” as follows:

• $18,000+ Commission Collected Rebate to Buyer of 60%
• $12,000+ Commission Collected Rebate to Buyer of 50%
• $ 8,000+ Commission Collected Rebate to Buyer of 45%
• $ 4,000+ Commission Collected Rebate to Buyer of 35%
• less than $4,000 commission collected, there is NO REBATE TO BUYER under this program

Broker is acting as a “Transaction Broker” in this transaction (see attached info sheet). Buyer also understands & agrees that in consideration of the above rebate, Broker will be providing reduced services. These services include: preparing any offers, contracts of sale, obtaining & transmitting mortgage documents, presenting offers and counter-offers, providing guidance through the transaction via telephone, e-mail, fax etc., obtaining info through the MLS system etc., communicating with sellers Real estate agent.

IMPORTANT: New Jersey Real Estate Commission rules REQUIRE there be a written agreement with the buyer at the onset of the relationship. Otherwise no rebate may be issued. So you must sign up for this initially or it will not apply. The rebate will be paid as a “credit” to the buyer at closing or a check from the closing agent, thereby reducing our portion of the Broker commission.

The Buyer must have purchased the home through our office. The Buyer will be obligated to pay any applicable taxes for the receipt of the rebate and should contact a tax professional concerning the tax implications of receiving the rebate. All parties to the transaction, including the mortgage lender, must be notified of the rebate. The rebate is not contingent on the Buyer using any services or products.

The Rebate amount is based only on commissions actually collected by 1-2-3 Realtors/Homeowners Concept. The calculation is based on the “Buyers side” portion of the commission, not on the “listing side”, if our office also happens to be the Listing Broker. Please see our Buyer Rebate Agreement for complete terms & other restrictions. May be withdrawn or modified at anytime.

For Details, Contact Robert Bornstein, Licensed Real Estate Broker

This page does not create an agreement between the parties, that can only be accomplished through a written signed agreement. This is for NJ Buyer Rebates on Real Estate Commissions. The "ACT" permitting this practice was signed into law on January 17th 2010 including Rebates on Real Estate Commissions. As the Act is new, changes to our plan may need to be implemented to conform as requirments are clariified. Any aspect of our Buyers Rebate program which does not meet applicable rules, will be changed or modified. We will not be liable to perform any act which does not now or in the future meet all requirments of NJ Law, NJ Real Estate Commission Rules, or Federal Law.

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In New Jersey, all commissions are negotiable. Other Commission plans are available. Independently owned & operated. *Any savings potential indicated on this web site compares to a broker charging a 6% commission. Actual savings, if any, will vary. Commissions are not set by law and may vary from agency to agency. Some savings data is used which includes other offices under the same franchise. Much information about properties listed here, is obtained from the seller, and should be independently verified. All information is subject to errors and or ommissions and the real estate company, it's brokers or agents do not assume liability. Always hire attorneys, home inspectors and other professionals to protect yourself in a transaction.