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NYC Broker Commission Rebate - Are Broker Commission Rebates Legal in NYC?

2016-06-07 9 Dailymotion

NYC broker commission rebates are legal. Here’s why:

Request your NYC broker commission rebate today:

As a NYC home buyer who may have just heard about the concept of a broker commission rebate, you are likely asking yourself – are lucrative buyer’s agent commission rebates legal in NYC?

Broker Commission Rebates in NYC are 100% Legal and Encouraged by the State of New York

In this Hauseit tutorial, we discuss the common questions home buyers have about broker commission rebates in New York City. We also explain how you can request a commission rebate and save thousands simply for buying a home in NYC.

What is a NYC broker commission rebate?

A buyer’s agent commission rebate is a cash rebate offered to a home buyer from his or her buyer’s agent as an incentive for working with them on a property purchase.

Request your NYC broker commission rebate here:

How are broker commission rebates legal?

Despite what you may hear from traditional buyer’s agents, broker commission rebates in NYC are 100% legal.

Broker commission rebates in New York City are actively encouraged by New Yorks’ Attorney General and Antitrust Division.

Who pays for a NYC buyer agent commission rebate?

Sellers pay for 100% of your buyer’s agent commission rebate. The average New York City real estate commission rate paid by sellers is 5-6% of the sale price. When a buyer is unrepresented, the full 6% commission is pocketed by the listing agent. If a buyer has representation, then the 6% commission is generally split equally between the listing agent and buyer’s agent.

On a typical NYC listing with an asking price of $1.5 million, the seller will pay around $90,000 in real estate commissions. The buyer’s agent will earn $45,000 in commissions for representing the buyer. If the buyer has requested a NYC commission rebate he or she could receive up to $15,000 in the form of a cash commission rebate at closing.

Will I be discriminated against by listing agents for receiving a NYC broker commission rebate?

Absolutely not. It’s illegal and a violation of the State and Federal antitrust laws for any agent to discriminate buyer’s agents who work for reduced commissions or offer rebates. The State of New York actively investigates and prosecutes brokers who engage in any form of boycotting or discrimination.

How do I request a NYC broker commission rebate?

To request your NYC broker commission rebate, simply contact Hauseit today to get started: