Most folks have never heard of real estate commission rebates. But Florida home buyers can save thousands of dollars with this well kept secret.
That's right! For over a decade, True Real Estate has been saving savvy Florida consumers hundreds of thousand of dollars by rebating up to 1.5% of the purchase price to home buyers. In other words, the buyer receives a credit from True Real Estate at closing for a sum equal to 1.5% of the purchase price of the property.
Real estate commissions are negotiable in Florida, but in many markets, the seller pays a commission to the listing brokerage equal to 6% of the sales price. Half of this, or 3%, is then paid to the brokerage who procures the buyer. Provided True Real Estate earns this 3% commission, 1.5% of the purchase price is rebated to the buyer upon closing of the transaction.
If you, a friend or family member is considering the purchase of a Siesta Key condo, for example, and the anticipated sales price is $400,000, the rebate would equal $6000!
$400,000 x 1.5% = $6000. It's that simple.
Without Florida Buyer Rebates, offered by True Real Estate, many buyers would not have enough down payment or "out of pocket" money to buy their home. With the rebate, others can now afford a more expensive home. "Home buyer rebates can help pay for things like home inspections, surveys, appraisals and other costs associated with the purchase of a home", says broker William True.
As Sarasota resident Chris Dawson points out "I bought my first home in Florida from William True of True Real Estate in 2003. Not only did he provide great service, but I received a commission rebate of $4237.50. I tell all of my friends about the rebate and they have saved thousands too. Twelve years later, I am still taking advantage of Florida Buyer Rebates, only this time buying a more expensive home and the savings are astronomical".
The rebate is valid for properties over $200,000 and can be applied to the purchase of single family homes, condos, new home construction, vacant land and even investment property. It may be used for as many transactions as needed. At True Real Estate, buyer rebates are valid throughout the entire State of Florida. In fact, http://www.floridabuyerrebates.com/ has links to dedicated websites set up for virtually every Florida city.
If you think this sounds too good to be TRUE or even LEGAL, then check this out:
The Florida Real Estate Commission allows licensees to rebate a portion of their commission to consumers provided the rebate is disclosed to and approved by all parties of the transaction and is reflected on the settlement documents. “The sharing of brokerage compensation by a licensee with a party to the real estate transaction with full disclosure to all interested parties is not considered a violation of Chapter 475, Part I, Florida Statutes.”
The United States Department of Justice, http://www.justice.gov/atr/public/real_estate/rebates.html, says "Real estate commission rebates make home buying less expensive. Rebates can save consumers several thousand dollars in a single transaction". The DOJ even has a calculator on their website to help determine the amount of the rebate, http://www.justice.gov/atr/public/real_estate/rebate-calculator.html.
The Internal Revenue Service deems real estate commission rebates TAX FREE because they are considered a reduction in the properties' sales price, http://www.irs.gov/pub/irs-wd/0721013.pdf.
Registration is required in order to qualify for Florida Buyer Rebates, http://www.floridabuyerrebates.com/home-buyer-questionnaire. Registration must be completed prior to True Real Estate's buyer agents/licensed REALTORS consulting with and setting up property showings for the consumer. If considering new home construction, do not register with developers or builders prior to registering at http://www.floridabuyerrebates.com/.
Dual agency, which is when a licensee represents the both the buyer and seller in the same transaction, is illegal in the State of Florida. Because of the legal liability, almost all brokerages and hence licensees act as "transaction brokers", meaning they represent the transaction, not the consumer. In the case of the transaction broker, the consumer is considered a "customer", not a "client". True Real Estate acts as a transaction broker whenever offering buyer rebates.
True Real Estate's Florida Buyer Rebates program is great for savvy buyers, but first time home buyers and less experienced consumers may want to forego the rebate and take advantage of our free concierge buyer agent representation, Single Agent Services.
While there is no rebate offered, True Real Estate represents consumers participating in our concierge buyer agent program, Single Agent Services. In this capacity, we have fiduciary duties to the home buyer, offer 100% loyalty and act as "single agents" (instead of transaction brokers) representing the home buyer, not the transaction. At True Real Estate, we go out of our way every day to help consumers avoid the many pitfalls of the home buying process!
For Single Agent Services, Florida law requires a buyer-signed "single agent disclosure" after which the buyer becomes a True Real Estate client, gets to work with some of the best agents in the Country and enjoys buyer agent representation as a client, not just a customer. This is an invaluable service, as the importance of buyer agency and representation cannot be understated.
True Real Estate is led by William True, a Florida licensed real estate instructor, founder and broker of True Real Estate, Notary Public and REALTOR REBAC Hall of Fame inductee, http://www.prweb.com/releases/2013/9/prweb11109757.htm.
True has earned more professional certifications and designations than any other real estate licensee in the State of Florida, http://www.truesarasota.com/sarasota-real-estate-agent.
For more info and to register now, visit http://www.floridabuyerrebates.com/ or call William True directly at (941) 918-1956 or (800) 238-4426.
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