Rebates: Why I think they are anti-consumer - in spite of the DOJ and FTC

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Real Estate Broker/Owner with Paul Howard, Broker, Paul Howard Realty 856-488-8444 8639604

Everyone wants a deal and a rebate seems a good way to get one, but is it?  I don't think so though my state, New Jersey, very well may join the rebate band wagon.  

I believe rebates distort the market and allow producers (of products, services, etc) to charge different prices to different consumers. In a nutshell - price discrimination. In the end this results in higher average prices.

As a provider of real estate services for home buyers I decide what I will charge my clients. If rebates are permitted, some consumers will select a real estate broker or agent based on the existence of size of a rebate offered.  Can you imagine picking an attorney in that way?

There is no doubt that commissions are too high but until there are basic structural changes in the industry that will continue.  There are simply too many agents and many of them don't know what they are doing unless it is a run of the mill transaction.  There are very few run of the mill transactions.  

Getting a license to cut hair takes 1200+ hours of study and 10s of thousands of dollars.  Getting a license to sell real estate takes less than 100 hours and maybe  $300-$500 dollars.   Many people get a license to sell a house to their friends and relatives and that is the extent of it.  If their purchase was "run of the mill" they might have done ok.  If not......   

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For those who have a real desire to own a home , have good credit and want help with the search, the process and especially negotiating the purchase, I'm available. My speciality is discovering financing options and negotiating purchase price and terms as an advocate for home buyers. Each home of interest requires analysis.

My primary service area is Camden, Burlington, and Gloucester counties in Southern New Jersey.

Paul Howard, Broker

NJHomeBuyer.com Realty

Cherry Hill Nj 08002

856-488-8444

MEMBER: NAEBA (National Association of Exclusive Buyer Agents www.naeba.org )

I'm worth every penny I get in compensation and buyers that have used me know it. They are entitled to have high expectations. I am not aware of even one of my prior buyer/clients that is in danger of losing their home - even in these bad economic times. The vast majority purchased at a price UNDER its appraised value - even in the boom market times.

Either I have smarter than average buyers or I am a smarter than average broker - or both. Either way, I help home buyers get more for less.
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Paul Howard, Broker

NJHomeBuyer.com Realty

80 Barclay Center Suite 4A

Cherry Hill NJ 08034

856-488-8444

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