| Are rebates legal? |
| Yes. In Pennsylvania, agents may rebate a portion of their commission to their clients.
(See Pennsylvania Real Estate Commission FAQ page16) |
| Where do the rebates come from? |
| When a property owner hires a broker to represent them, together they decide on the commission to be paid upon the
sale of that property. The seller's broker, through the Multiple Listing Service, offers a part of the commission
to the broker who represents the buyer. As the buyer's representative, we make a portion of that commission available as the rebates.
|
| Is the rebate the same as the Seller Credit? |
| No. Seller Credits are negotiated in the Agreement of Sale and come to the buyer directly from the seller.
The rebate comes to the buyer from us at EveryHome.
|
| What does EveryHome charge a home-buyer? |
| Nothing. Our services are paid for by the seller's representative (see above). |
| How are the rebates calculated? |
| The rebates are a function of the purchase price, the commission offered by the seller, and the services
performed (or not performed) by the listing agency. The amounts and percentages of each vary over a wide range.
|
| How large can a rebate be? |
| There is no limit. Our largest rebate within the last year was $18,750 |
