Saturday, September 29, 2012

real estate firm has listing and buying people (agent ... - Zillow Real ...

Tim is correct plus in North Carolina Brokers are allowed to offer Rebates to Consumers...What are the laws in your state?

Dept of Justice
Example:
"In purchases where buyer's brokers are offered half of a 5% commission, they may compete on price by refunding a portion of their commission to the homebuyer. A 1% rebate on the median-priced home would save the homebuyer $1,843."

How do rebates work?

"Some real estate brokers offer consumers cash refunds or non-cash incentives to encourage them to use that broker's services. Rebates are typically cash payments from the real estate broker to his or her client after closing. Incentives may include gift certificates, closing-cost payments, or free ancillary services such as home inspections or moving services." LINK

If this type of info interest you please take a look at the Dept of Justice Anti-Trust Web Site

New business models are emerging that allow consumers to save thousands of dollars when they buy or sell a home

Good Luck

Source: http://www.zillow.com/advice-thread/real-estate-firm-has-listing-and-buying-people-agent-has-both-in-NC-Do-I-get-a-discount/461834/

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