REALTORS are paid a commission when they sell a home. Historically, this commission has been 6% of the sales price. Although, the commission % can vary from state to state and among brokerages. Due to the changes in the real estate transaction, Sellers who list with Homebate can pay a reduced total commission to as […]
Ten states currently have laws that ban rebates. Nine states have a full ban on broker rebates: Alabama, Alaska, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, and Tennessee. In addition, Iowa prohibits rebates when the consumers use the services of two or more real estate brokers during a transaction. ** Indicates states that prohibit rebates. For […]
In purchases where home buyer’s brokers offer 50% commission, buyers are often able to pay $0 in closing costs and have a better chance to get their offer accepted in a Sellers market. A 50% rebate on the median-priced home in California would save a homebuyer $7,875. This Commission Credit can be used to pay […]
