Are Real Estate Commission Rebates Legal?
Yes – 40 States Currently Allow Real Estate Commission Rebates States that do not allow Real Estate Rebates; Alabama, Alaska, Kansas, Louisiana, Mississippi, Missouri, New Jersey, North Dakota, Oklahoma and Oregon. In addition Iowa prohibits rebates when the customer uses the services of two or more brokers during a real estate transaction. The State of Florida Allows Real Estate Commission Rebates Florida Statutes – Chapter 475, Part I 61J2-10.028 Kickbacks or Rebates. Click Link Below visit Department of Justice Antitrust Webpage www.usdoj.gov/atr/public/real_estate/florida.htm (2) The sharing of brokerage compensation by a licensee with a party to the real estate transaction with full disclosure to all interested parties is not considered a violation of Chapter 475, Part I, Florida Statutes. Specific Authority 475.05 FS. Law Implemented 475.25(1)(b), (d) FS. History-New 1-1-80, Formerly 21V-10.28, Amended 6-28-93, Formerly 21V-10.028, Amended 12-30-97. You must be a Party to the Tra
A- We are not rebating any part of our commission to the seller. We are simply discounting it. However the answer to your question regarding rebating in Real Estate in general is: Yes – 40 States Currently Allow Real Estate Commission Rebates States that do not allow Real Estate Rebates; Alabama, Alaska, Kansas, Louisiana, Mississippi, Missouri, New Jersey, North Dakota, Oklahoma and Oregon.
