How does the cash back rebate program work?
When a seller decides to sell his home through a real estate broker, the broker they choose always charges a commission. So, when you buy a home that has been listed through a real estate broker a commission is paid by the seller at closing. Typically here in Florida the commission is 5% or 6% (87% of the time it is 6%). Since it is the most common commission, we will use 6% for the rest of our example. This commission is split 50/50 between the listing broker and the broker that sells the house. If the listing broker sells the house, they keep the whole 6% commission. If another broker sells the house, the listing broker gets 3% and the broker who sold the house gets 3%. If you buy a listed for sale home through us, we give you 1% of the 3% commission we receive back to you.
