Listing fee is negotiable, but will be between 3% – 1% or minimum flat fee, whichever is greater. Buyer’s agent commission not included. If home cannot be sold within a certain time based on Agents recommended list price, commission will be reduced to a flat fee. Time frame for selling vary according to list price, prevailing market conditions, and other factors. Time frame is calculated based on DOMP (Days On Market Property). Sold will be defined as under contract to successful closing. Subject to market-based minimum commission/fee. Contact us to find the minimum commission/fee and time frame for selling in your location.
Listing commission increased by 1% of sale price if buyer is unrepresented.
Buyer will receive a Rebate from Agent, if Agent is unsuccessful in reducing sales price or procuring closing cost by at least $1,000. In such case, agent will Rebate the Buyer no more then 20% of net commission.
Estimated Rebate amount not guaranteed. Rebate amount may vary according to purchase price, prevailing market conditions, and other factors. The Rebate is subject to adjustment or cancellation if the commission received by Agent from the cooperating broker is 2% or less of the property sales price, the commission amount provided to Agent changes after the signing of this agreement or must be shared with additional parties, if the subject home is purchased as a short sale, or if Agent is prohibited from distributing a Rebate.
****Lender approval is required for commission rebate.***
In some circumstances buyer’s lender may not allow buyer to receive a rebate and Agent cannot guarantee that all lenders will allow 100% distribution of the Rebate. As a result, Agent strongly recommends that buyers discuss with their lenders, in advance, the anticipated receipt of the Rebate. Unless agreed to in writing, Agent will only issue a rebate to the person(s) and/or entity listed on the recorded deed which transfers ownership of the subject real property at the closing of a transaction, regardless of whether such person(s) and/or entity are the buyer. Subject to these limitations and where allowed, the Rebate can will be provided at closing only.
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