Cash Back Real Estate Rebates

by Greg Cryns

In today's real estate market, a "cash back rebate" usually means that a buyer will receive part of the real estate agent's commission due at the sale of the property.

With the recent downturn in real estate sales, the number of agents 

who are offering rebates has greatly increased. Some agents will give you half or more of their commission. Usually the agent will get 2.5% of the sales price of the house.

So, if your agent says she will return half of her commission (1.25%) then you can expect to receive a check for quite a bit of money soon after the closing. If the house sold for $500,000, for example, your rebate would be $6,250 (500,000 x .025 x .50).

Some agents are now offering rebates to sellers as well.

Greg Cryns is the owner of Flat Fee Real Estate Guide - http://www.flatfeerealestateguide.com