When it comes to buying a home, every dollar counts. That’s why many homebuyers are intrigued by the buyer rebate program, which offers a portion of the real estate commission as a rebate after closing. However, it’s important to understand the timeline for receiving the buyer rebate and any potential hidden fees or costs associated with the program. At ESQ.title, a reputable real estate law firm located in Coral Gables, Florida, we believe in transparency and providing exceptional service to our clients. In this article, we will discuss the typical timeline for receiving the buyer rebate and address any concerns regarding hidden fees or costs.
Understanding the Buyer Rebate Program
The buyer rebate program is a real estate arrangement where a buyer receives a portion of the real estate commission as a rebate after closing. This rebate is typically based on a percentage of the commission earned by the buyer’s agent. The buyer rebate program aims to provide financial benefits to buyers, allowing them to recoup a portion of the costs associated with purchasing a home.