Brevard Relocate Realty Group shares commission, *25% is rebated to our clients at closing.
SERVING OTHERS APPRECIATION REWARD
Eligible personnel for the SOAR rebate include:
Fire Department, First Responders
Military – Active & Retired
Active & Retired Education Personnel
This rebate program is our way of saying THANK YOU to all the compassionate workers who sacrifice time away from their own families to serve others.
MORE ABOUT HOW REBATES WORK
Real estate commissions are negotiable in Florida, most transactions the seller pays a commission to the listing brokerage equal to 6% of the sales price. Then half, or 3%, is then paid to the brokerage who represents the buyer. When Brevard Relocate Realty Group earns the 3% commission, *25% is rebated to our client upon closing of the transaction.
Example: If you purchase a home in Melbourne and the purchase price is $300,000. *The rebate to YOU would equal $2250! Use towards your down payment or closing costs! Our way of saying: Thank you for caring for others!
The Internal Revenue Service deems real estate commission rebates TAX FREE because they are considered a reduction in the properties’ sales price. Source: http://www.irs.gov/pub/irs-wd/0721013.pdf.
The United States Department of Justice, 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. Source: https://www.justice.gov/atr/rebates-make-buying-home-less-expensive
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.
Call me today: 321-298-5562
Debbie Fischer, Broker/Owner