Archive for the 'Real estate rebates' Category

Sawbuck Realty Has Alternative to Buyer Rebates

Sawbuck Realty , based in Washington DC, has a new brokerage business model aimed at saving buyers money on their title/settlement charges and mortgage, by cutting out the markups and add-on fees and buying down the mortgage rates on “no point” loans with zero closing costs.  Instead of giving buyers  Redfin-type rebates , the Sawbuck […]

Rebate Real Estate Brokers: ePerks

ePerks is a directory of real estate agents, contractors and, strangely, car dealers, who offer cash back rebates and other perks to consumers. One real estate agent in New York will give his clients 15.5% cash back PLUS tickets to a Broadway show and a $100 theatre district restaurant coupon. He works for […]

States That Prohibit Real Estate Broker Rebates

These states prohibit real estate brokers from paying commission rebates to consumers.
1. Alabama
2. Alaska
3. Kansas
4. Louisiana
5. Mississippi
6. Missouri
7. New Jersey
8. North Dakota
9. Oklahoma
10. Oregon
11. Tennessee
12. Iowa
Links to the state real estate statutes:
1. ALA. CODE § 34-27-36 (12)
2. ALASKA STAT. § 08.88.401
3. KAN. STAT. ANN. (K.S.A.) § 58-3062
4. LA. REV. STAT. ANN. § 37:1455
5. MISS. […]