Home Buyer Rebate FAQ's
How are you able to offer such a generous rebate?
By choosing only to work with home buyers who want to purchase new construction and who are willing to work with the builder or their representative directly. Because of our limited involvement, we are willing to share half of our commission with the buyer.
Do you only offer a rebate on new home construction?
Yes. Resale homes require much more involvement from the buyer's agent and the listing agent expects to deal directly with an agent during the transaction, therefore our program is not offered on any resale homes.
Do I have to sign an agreement to receive a rebate?
Yes. A Buyer's Brokerage Agreement is required in order to receive a rebate. The agreement spells out the terms of the rebate program and the agency relationship in the transaction.
I need to sell my current home first, can you help me with that?
Absolutely! You can use our low cost, full exposure marketing plan: NotSixPercent.com
Is there a minimum purchase price required to receive the rebate?
Yes, $250,000 and you can buy any new home construction property in Georgia as long as the builder provides a minimum commission of 3% of the purchase price to the buyers agent. The rebate amount we offer is not negotiable.
Are there any fees or costs that I will be responsible for?
Yes. there is a brokerage processing fee in the amount of .0015% of the sales price ($100,000 = $150.) which is deducted from the rebate you will receive. Additionally, if the buyer' agent is required to be physically present at any location for any reason in relation to the property purchase transaction, the fee is $75.00 per hour (2 hour minimum) paid in advance of any visit.
Am I required to disclose that I am receiving a rebate?
Yes, the law requires disclosure of the rebate to all parties involved in the transaction, including the builder, seller and your lender.
After I sign up to work with you, do I deal directly with the builder or their agent?
Yes, as most of the process will require you working directly with the builder and/or their representatives to choose the home, lot, upgrades, etc...
Can you send me your brokerage agreement to review?
Yes, but only after we've had a quick phone call where I will assess your situation and determine whether I can assist you or not.
How and when will I receive my rebate?
The new home rebate is to be paid at closing as a credit towards closing costs subject to lender and builder approval. If necessary, it can be paid after closing via check and issued in the buyer's name paid directly from the Broker. Disbursal time is typically 3-5 days after submission of commission check to Broker.
Can I use this program with any government or lender down payment assistance programs?
You must contact your lender to confirm if there are any restrictions in receiving the rebate and what dollar amount is acceptable.
Do I have to pay taxes on my rebate?
We do not dispense tax advice. If you have tax questions regarding receipt of the rebate, contact a tax professional before signing up or ask us for a referral.
What areas do you offer your services in?
We are a licensed Georgia real estate brokerage that offers our rebate service throughout Metro Atlanta, Georgia. However, we technically can assist you and pay a rebate on any new construction home for sale in the State of Georgia where a commission of 3% is being offered to a buyer's agent.
Is it legal to receive a rebate from a real estate agent?
Yes, it is legal to receive a rebate in Georgia. In fact, it's illegal not to allow rebates. That's called "price fixing" and falls under the "anti-trust" provisions of federal law. State Real Estate Commissions around the country have been receiving a lot of scrutiny from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) because of their policies restricting rebates in real estate. Learn about Rebates on Justice.gov
I'm already working with a buyer's agent, but I want to work with you?
If you were working with an agent and you signed a Buyer's Brokerage Agreement, you will need to provide us with a termination agreement signed by all parties involved and stating no commission is due and/or payable. We do not contact agents and ask for you to be released from any agreement and we reserve the right to decline working with a buyer under any previous agreement.
I already visited a new home community and started working with the builder/salesperson. Can I sign up to work with you?
Maybe, depending on how far along in the sales process you are and whether they have a firm requirement for you to register us on your first visit. You will need to contact the builder/salesperson and confirm that they are paying a 3% commission and notify them that you want to work with us as your buyer's agent.
Can we visit new home communities on our own without you?
Yes, but be sure to have completed and returned our Rebate Brokerage Agreement to protect the commission and the rebate. You should also provide our contact info upon your first discussions with the community sales agent and to disclose to all parties that you intend to receive a rebate from your buyer's agent.
The builder's sales agent needs your information for the contract, what is it?
All of the required buyer agent and office information is located on our Contact page.
Is this a government program?
No. The rebate is provided by a real estate broker and is deducted from the commission paid by the seller to the real estate broker. Any one is eligible to receive the rebate provided they comply with the terms and conditions stated on this website,the brokerage agreement and state law.
Can I buy a second home or an investment property?
The rebate is eligible on any new home for sale in Georgia where a 3% commission is offered to a buyer's agent.
We do not offer a rebate on HUD homes, foreclosures or short sale properties.