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Commission Rebates: How Home Buyers Can Save in 2021

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What is a Home Buyer Rebate? A home buyer rebate, or commission rebate, is when a real estate broker or agent shares a portion of the fee they get on a transaction with the buyer. Buyer rebates and cash rewards — which are similar but different — can save you thousands on your home purchase. And they’re becoming more common throughout the industry. Some real estate companies offer a 50% commission rebate or cash back as a built-in benefit of using their service.  How do Home Buyer Rebates Work? Commission rebates let brokers and agents help buyers save money on their home purchase without negotiating a lower sale price with the seller. When a buyer buys a home, a big part of that purchase price — 5.45% on average— goes toward realtor commission fees. Typically, the two brokers or agents who handle the sale split that total commission down the middle — about 2.7% per agent. You can sell your property with Trelora for a discounted flat fee, which could mean significant savings, esp...