As a homebuyer, you’re always looking for ways to save money and maximize your investment. One option that has gained popularity in recent years is the buyer rebate program. This program allows buyers to receive a percentage of the real estate commission as a rebate after the purchase of a home. While the concept of receiving a rebate sounds appealing, it’s important to understand if there are any hidden fees or costs associated with the program. At ESQ.title, a reputable real estate law firm located in Coral Gables, Florida, we aim to demystify the buyer rebate program and provide clarity on any potential fees or costs. In this article, we will explore the buyer rebate program and how ESQ.title can help you navigate this opportunity without any surprises.
Understanding the Buyer Rebate Program
The buyer rebate program is a type of arrangement in which a real estate agent or brokerage agrees to give a portion of the commission received from the seller back to the buyer as a rebate. This rebate is typically a percentage of the total commission and is provided to the buyer at or after the closing of the property.