We REBATE UP TO 50% of our Real Estate Commission to our Buyers (only apply when you buy and sell with us, subject to our minimum charge of $5,950)
Apply the money to offset your Closing Costs!
Apply the money to Upgrades when buying your New Home from a Builder!
*Buy and sell a home with us and receive a cash rebate of up to 50% of our commission. (Up to 50% buyer's cash rebate only apply when you also list with Alan Huynh and Flat Rate Realty and also close escrow within 90 days on your listing). Meaning after you've purchased a home, then you have the next 90 days to list and close escrow of your listing.
Home sellers normally offer a buyer’s agent commission of 2.0% – 3.0% of the purchase price so your rebate would be 1.0% – 1.5% of the purchase price.*
How it's applied:
Credit on your closing statement — this is the easiest way. Our rebate will be itemized on your HUD1 closing statement as a credit applied to your closing costs, requiring you to bring in less cash to close escrow.
Check after the close of escrow — some clients prefer to receive their rebate outside of escrow.
Is a California real estate commission rebate taxable? NO, real estate commission rebates are not considered taxable by the IRS. A rebate will reduce the cost basis of your home (the price you paid). For example: If you purchase a $1,200,000 home and we rebate you $18,000 your cost basis on your home would be $1,182,000. When you sell your home any profit would be based on that purchase price. We do not report a commission rebate to the IRS.
Is a commission rebate legal? 100% YES. The United States Department of Justice has a webpage entitled “Rebates Make Buying a Home Less Expensive“. Ten states have enacted laws that forbid brokers from offering refunds, thankfully, California allows Us to share our commission with you.
Call me to learn more about our Real Service and Real Savings!