SaveMore Realty, Inc. (“SaveMore Realty”) dba RebateOnRealEstate.com offers a rebate to buyers who use SaveMore Realty in the purchase of real estate. The rebate is available only to buyers who complete a purchase transaction with SaveMore Realty, acting as their sole and exclusive agent in the purchase of real estate. For homes with a final sales price of $200,000.00 or more, the Rebate is FIFTY PERCENT (50%) of commission we get at the close of escrow/Settlement. Occasionally, the seller and/or listing broker in a transaction will offer the broker representing the buyer a bonus or other additional incentive over and above the cooperating brokerage commission. Any such bonuses or other additional incentives are separate and apart from the cooperating brokerage commission actually received by SaveMore Realty and buyer is not entitled to a rebate on any bonus or other additional incentive monies paid to SaveMore Realty over and above the cooperative broker commission as evidenced by the MLS listing.  For homes with a final sales price of $199,999.99 or less, there is NO Rebate.. The amount of cooperating broker commission received will vary on individual properties. The Rebate will be paid or credited to the party or parties named as the “buyer's)” or “borrower’s on the HUD-I Closing Statement or equivalent official closing statement. All buyers must sign Buyer Broker Agreement before any rebate will be issued. This rebate program is only available where permitted under state and federal law and when not otherwise prohibited by the buyer’s lender's). There may be tax consequences to the rebate. If you need legal or tax advice, you should consult with the appropriate professional. Offer subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice. We base the rebate on the amount we actually receive from the seller(s) and/or listing broker in connection with the purchase. Thus, the amount of the Rebate is affected by the commission rate, if any, paid to SaveMore Realty by the seller(s) and/or listing broker.  See Buyer Broker Agreement.

2. Why does SaveMore Realty offer a rebate?

SaveMore Realty believes in helping people help themselves. To that end you, the buyer, do the research via our search tools, drive by unaccompanied then decide on the property you want to make an offer on. SaveMore Realty, acting as your sole exclusive buyer broker, will write up and present your offer.   Accordingly, you did a lot of the work, SaveMore Realty  rebates to buyer that completes the purchase transaction using SaveMore Realty as their sole agent. The rebate was designed to benefit the Consumer, and is SaveMore Realty’s way of saying “thank you” for choosing our company. We know you have a choice of real estate brokerages and we appreciate your business.

3. What’s the catch?

There is no catch. Simply purchase a home using SaveMore Realty, and you are eligible for the rebate as described above. You must visit the home and submit the offer using SaveMore Realty.

4. Is it legal?

Yes. Disclosed rebates to a principal in a transaction (the buyer or seller) are legal and in fact further public policy by helping reduce closing costs that consumers pay. SaveMore Realty’s rebate is disclosed on its websites SaveMoreRealty.net & RebateOnRealEstate.com, in marketing materials, and in written disclosure statements such as this, and is only offered to its customers, who are principals in a real estate transaction. In fact, Joseph Autilio, executive Director of the Board of Registration of Real Estate Brokers & Salespersons in Massachusetts recently opined that brokers may share fees, commissions or other valuable consideration with buyers in a real estate transaction (1) We at SaveMore Realty, comply with all local, state and federal laws, and are committed to providing excellent customer service by acting in a professional, ethical manner.

5. How can you offer a rebate when other broker’s cannot or do not?

As stated, we offer a rebate because it benefits the consumer. Through efficient business practices, SaveMore Realty is able to lower the costs of its services to its clients. As for why other broker’s do not offer a rebate, you would have to ask them.

6. How do I qualify for the rebate?

It’s simple. Sign up on this site to search the live MLS. Use SaveMore Realty to write, and submit on your behalf, an offer for any property you find on MLS.  preview homes, and complete the purchase transaction using SaveMore Realty as your Buyer Agent.  Accordingly you will be eligible for the rebate.

7. When do I get the rebate?

You will receive the rebate approximately seven (7) days after closing. Your check will come in the mail to the address you provide.

(1) Autillo. Joseph. Can real estate brokers give gifts to buyers and sellers? Bay State Realtor Online Magazine. July-August 2002.