buyer rebates: Should Buyers Be Paid To Use Your Services?
- 06/16/10 10:26 AM
How do you feel about Buyer's Agents rebating a portion of their commission to the Buyer? My immediate answer is that I could not care less. I'm mainly a listing side Broker and it does not affect me at all. But then I started thinking about it and came up with a few questions: How is a Buyer's rebate handled without it becoming mortgage fraud? What do you do if the rebate is not allowed by the Lender? When and how do you disclose this rebate? Is this rebate credited on the HUD-1 statement at closing or do you … (48 comments)
buyer rebates: To rebate or not to rebate....that is the question.
- 09/21/07 10:44 PM
Here's an interesting dilemma for you. Let me know how you would handle it. I have an appointment with one of my long time customers tomorrow to write a deal on a new construction townhouse. This particular buyer is the daughter of one of my investors. Over the last couple of years I have assisted this investor in the selling and buying of about 10 properties, including a couple of duplexes he is in the process of purchasing right now where my investor is paying my $6,000 fee. This particular builder is paying me a x% co-broke plus a $10,000 bonus on … (98 comments)
buyer rebates: Buyer rebates, on the HUD? It's clear as mud!
- 03/04/07 10:45 AM
I wrote a post back in November related to buyer rebates. My question then and now is the same. "Are Buyer rebates, not disclosed on the HUD, legal?" Anyway, over the last few days my previous post has come back to life. We have been having a pretty good debate but still I have not been able to get my head around my initial question, "Are Buyer rebates, not disclosed on the HUD, legal?" Now, during my research, on this question, I can't seem to get a definitive answer. State laws vary. Alabama, for example, explicitly prohibits "rebates" after a closing. … (81 comments)
buyer rebates: Rebates! Rebates! Get 'em while they're hot!!
- 01/17/07 05:16 AM
Ok, so today I have had an awakening. Over the last couple of weeks I have been negotiating, successfully, with a couple of REALTORS® from one of the "Buyer Rebate" companies in my area, and I have to say, I have been impressed. Both REALTORS® have been on the ball and have done an excellent job of communicating and getting the deals pending. This has given me a new found attitude towards "discounters". The first thing I liked was that all communications have been done via E-mail. To me, this is a big plus. It saves time, all contracts are more legible, … (35 comments)
buyer rebates: Buyer rebates. Good business or potential fraud?
- 11/12/06 07:39 AM
On Friday, I had written a post, that facilitated quite a discussion about our commissions and how we justify what we charge. If you read my post and the 110+ comments, it generated, you saw that the consumer, Mr. CandiBags showed up. He asked a pretty good question, that I would like to expand upon here. How do you feel about Buyer's Agents rebating a portion of their commission to the Buyer? Well my immediate answer was that I could not care less. I am a listing side Realtor and it does not effect me at all. But then I started thinking … (143 comments)
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