The Home Purchase Rebate
Those who participate in Member Home Connect can add to their personal wealth through this exciting rebate program. The size of the rebates is determined by the amount of the home sale price (see table below). Rebates are paid by Client First within 15 working days after the close of escrow.
Our clients usually receive a standard cash rebate equal to 20% of our agent’s commission on a home purchase. But your members, using Member Home Connect, receive an additional 5% Buyer’s Bonus Rebate.
Commission rebates by home sale price
| Sale Price | 20% Rebate | 5% Bonus | Total Rebate |
|---|---|---|---|
| $ 400,000 | $ 2,400 | $ 600 | $ 3,000 |
| $ 600,000 | $ 3,600 | $ 900 | $ 4,500 |
| $ 750,000 | $ 4,500 | $ 1,125 | $ 5,625 |
| $ 1,000,000 | $ 6,000 | $ 1,500 | $ 7,500 |
| $ 1,500,000 | $ 9,000 | $2,250 | $11,250 |
As you can see, by participating in Member Home Connect your members receive huge savings when they buy a new home. When they are ready to make a move and want great savings and best in class service, or want to know more, they can simply contact us.
Your member’s rebate is applied as an escrow credit to cover closing costs.
NOTE: The above examples are based upon your member’s agent receiving a minimum compensation of 3 percent of the sale price. If gross compensation to the buying agent is 2% to 1.5%, rebate to member shall be 15%. Should the earned compensation be 1.5% or less, the buyer will receive $500. This rebate does not apply to the listing broker’s portion of the compensation.