Buy a home with us and receive a cash rebate of up to 50% of our commission. Home sellers normally offer a buyer’s agent commission of 2.5% – 3.0% of the purchase price. Your rebate will be 1.5% of the purchase price*
Is a California real estate commission rebate taxable? NO, real estate commission rebates are not considered taxable by the IRS. A rebate will reduce the cost basis of your home (the price you paid). For example: If you purchase a $1,200,000 home and we rebate you $18,000 your cost basis on your home would be $1,182,000. When you sell your home any profit would be based on that purchase price. We do not report a commission rebate to the IRS.
Is a commission rebate legal? 100% YES, The United States Department of Justice has a webpage entitled “Rebates Make Buying a Home Less Expensive“. Ten states have enacted laws that forbid brokers from offering refunds, thankfully, California allows Us to share our commission with you. (*50% rebate on resale home purchases – subject to a minimum commission of 1.5% to us) Selling your home? Save BIG with us…
Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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