Special offer

The Department of Justice on rebates...

By
Real Estate Agent with IEC Realty

 

Here is a link to what the DOJ has to say about offering rebates to consumers in the real estate industry:

http://www.usdoj.gov/atr/public/real_estate/rebates.htm

The Department of Justice has repeatedly shown that rebates are good for consumers and create healthy competition.

A few thoughts...

  • Rebates are widely accepted in most industries outside of real estate, they provide a benefit to those who are willing to take the time to follow a few instrustions.
  • Even within the real estate industry they are legal in at least 40 of the United States.

And the Alaska Real Estate Commission is trying to tell me that rebates are inherently fraudulent?

 More to come...

 Don Z.

Sam Miller
RE/MAX Stars Realty - Howard, OH
Knox County Ohio Real Estate Specialist
I think that REBATES are often packaged in a misleading way so that the consumer thinks it is a TRUE freebie.
Nov 16, 2007 10:03 AM
Frances Flynn Thorsen
eXp Realty LLC - State College, PA
Author | REALTOR | Educator

Don,

What is the status if rebate legality in Alaska. Was the DOJ successful in persuading the Alaska Real Estate Commission that rebates are consumer friendly?

May 11, 2010 02:29 AM
Mike Mayer
Mike Mayer, Broker/Owner - i List For Less Realty, LLC - Lafayette, LA

This is an informative site. There are many states that allow rebating and others that do not.

Apr 03, 2011 11:09 PM