Do you send an 1099 to me at the end of the year for my rebate?
No, I do not have to 1099 you according to the IRS. So you do not have to claim the income on your taxes. So that is even a better incentive to use me as your Real Estate Agent.
Is it legal for a Real Estate Agent in Texas to give part of their commission as a rebate to their clients?
Yes, Real Estate Agents in Texas can REBATE their commissions to their clients. To read more please see The Texas Real Estate Commission’s website.
Why Should I use this program?
The question should be “Why wouldn’t you use this program?” You are doing most of the work so I am paying you for that service. My fees are for my experience and consultation. This is a very easy program, so please call or e-mail me with any questions, big or small. I am here to work for you and I don’t want you to be confused or feel lost.
How do I fill out the Form?
Please print your name and address on the form and fax or E-mail back to me. I will then call you and discuss the rest of the agreement. Once we come to an agreement I will fill out the rest of the form and get the form back to you. You will then sign and send the form back to me and keep a copy for yourself.
What do I do after the form is filled out?
The next step is to look for a new home. I can either go with you or you can present the Buyers agreement form to the new home builder and register my name on YOUR FIRST VISIT. This part is very important as you may not get the incentive if you go without registering with me first.
How do I qualify to get up to 6% back at closing?
The first step is to fill out the Buyers Agreement form and then proceed to your new area home builder. Then you register with the builder showing them the agreement and registering my name. The next step is to find the home of your dreams and get it under contract. I can help you with this process either over the phone or in person. Finally we will find out what the builder is paying in commission.
If the builder is paying 3 % you get back 2% CASH BACK
If the builder is paying 4 % you get back 3% CASH BACK
If the builder is paying 5% you get back 4% CASH BACK
If the builder is paying 6% or above you get back 5% CASH BACK
If the builder is paying 7% or above you get back 6% CASH BACK
If the builder is paying less than 3% then you will receive 50% of what ever the builder is paying in commission.
Can I use the money for Closing Cost or just receive it back after closing?
You can receive the money at time of closing on the HUD statement towards your closing costs or you can have a check cut to you at closing. (In most cases). Sometimes depending on the lender you may have to wait 7-10 business days to get a check back.
What if I already have a Real Estate Agent?
If you have not signed an Buyer Agreement form with your agent you may still be eligible. If you already have an agent and contract signed then this site in not for you. This web site is not a solicitation to clients with an agent.
The Agent is going to get a Real Estate bonus plus commission. Do I get any of the bonus?
Yes, of course you do, you get 50% of the agents bonus. If the bonus is in a non cash form then the agent will keep the bonus without splitting it. This can include gift cards, merchandise, trips or other items that can not be split.