Your SC Commission Rebate Agents
ABR - Accredited Buyer's Representative

HOW AND WHY WE DO REBATES


Why Now? -

The Technology Revolution: There is a tidal wave of change coming to the Greenville Spartanburg Real Estate Industry and those of us that embrace it can and will benefit from it - that includes real estate agents, realtors, home buyers and sellers.  The traditional large brick and mortar brokerage with the legacy systems will be the last to change as they have tremendous overhead costs to cover. But the smaller companies fully utilizing the internet can offer the same or better world wide services at less cost. The internet allows the buyers, sellers, mortgage lenders, and real estate agents to find each other and share information in a friendly non-threatening way. 

Marketing on the Internet:   The buyers can have full access to all of the homes for sale in any market and tell the agent which ones they want see. The buyer can casually shop for an extended time never contacting an agent until the home search has been narrowed down to a few homes.  Thus taking a huge amount of work off the agent. We believe that we should reward our home buyers by rebating a portion of our commission to them.

 

Our Buyer Reward Concept:

If you embrace the change and initiate your own home search we can work out a rebate program for you.  Even if you need full service and need us to find a home to match your budget and room requirements we can create a rebate or gift plan for you as well.

Over 90% of today's home buyers start their home search on the internet and some even find their next home before they find an agent to assist them with the purchase.  If the buyer has done this work in advance why shouldn't the agent share the commission.  As the buyer side programming matures on the internet even more of the work load will be shared and hopefully more of the commission.

 


EXAMPLES OF REBATES


Congratulations!  You have decided to purchase a home, or are thinking about buying one.  You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family.  When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours.  Over time, your home will increase in value.
If you will let us be your buyer's agent we can contribute to your equity position.  What a win/win situation that would be.

DON'T MAKE A $10,000 MISTAKE CONTACT US TODAY!
YOU WILL NEED AN AGENT TO BUY A HOUSE, WHY NOT HAVE AN AGENT THAT IS WORKING FOR YOU, AND ONE THAT IS REBATING COMMISSION TO YOU?   
 

USE THIS TABLE TO ESTIMATE YOUR REBATE.

The numbers are based on a 3% commission being paid by the seller.
Sometimes that varies (December 06 and January 07 an Upstate builder was paying 5% on his inventory homes for a quick sale and we would rebate that at 50% or 70%)

SALES
PRICE

3%
GROSS
COMM

MIN
REBATE
ON A 
RESALE
 HOME
(1% of Sale) 
(33+% of Gross)

MAX
REBATE 
ON A
RESALE
 HOME
(1.5% of Sale)
(50% of Gross)

MIN
REBATE
 ON A
 NEW
HOME
(1.5% of Sale)
(50% of Gross)

MAX
REBATE
 ON A
NEW
HOME
(2% of Sale)
(70% of Gross)

$250,000

$7,500

$2,500

$3,750

$3,750

$5,250

$300,000

$9,000

$3,000

$4,500

$4,500

$6,300

$350,000

$10,500

$3,500

$5,250

$5,250

$7,300

$400,000

$12,000

$4,000

$6,000

$6,000

$8,400

$450,000

$13,500

$4,500

$6,750

$6,750

$9,450

$500,000

$15,000

$5,000

$7,500

$7,500

$10,500

$550,000

$16,500

$5,500

$8,250

$8,250

$11,550

$600,000

$18,000

$6,000

$9,000

$9,000

$12,600

$650,000

$19,500

$6,500

$9,750

$9,750

$13,650

$700,000

$21,000

$7,000

$10,500

$10,500

$14,700

$750,000

$22,500

$7,500

$11,250

$11,250

$15,750

$800,000

$24,000

$8,000

$12,000

$12,000

$16,800

$850,000

$25,500

$8500

$12,750

$12,750

$17,850

$900,000

$27,000

$9,000

$13,500

$13,500

$18,900

$950,000

$28,500

$9,500

$14,250

$14,250

$19,950

$1,000,000

$30,000

$10,000

$15,000

$15,000

$21,000

The Rebate amount that you receive from us at closing will depend on the purchase price of the property that you buy through us, as well as whether you purchase an existing home, or a new home from a builder.
We currently rebate our buyers up to 70%** of our Gross Commission as indicated on the Multiple Listing Service, or per separate commission agreement with the listing Broker, whichever is applicable. 
Please note, we do not rebate to our buyers special marketing bonuses which are occassionaly offered by builders.This program is subject to change at any time without notice.

What types of Rebates Do We Offer?

There are two types of rebates: 

  1. New Homes Purchased from Builders (Rebates of up to 70%** of our gross commission) We initially register/represent you when you purchase a new home from the builder. However, in order for us to be eligible to receive compensation from the builder and give you a rebate, we must register you on your first visit with the builder. So, it's crucial that you talk to us first. In most cases, the builder will handle the transaction thru the escrow period, but we will assist you, as needed to ensure a smooth transaction and closing. Please note that not all builders offer cooperating broker commissions
  2. Existing Home Purchases / Resales  (Rebates of up to 50%** of our gross commission) – You conduct your property search online via our website or otherwise, and once you find a property you want to preview in person, we will schedule a showing for you. If you decide to purchase the property, we'll then prepare the necessary paperwork, including the Purchase Agreement (Offer), and negotiate on your behalf.  We would represent you until the close of escrow. However, you cannot have an active “Exclusive Buyer Broker Agreement” with another agent or broker.

** Rebate terms and conditions are subject to change without notice.

How Do I Get Started?

1. Contact me and sign a Buyer’s Agency Contract with ABR Realty   (this allows us to receive compensation from the seller – a builder or an individual)  or don't - if you don't want to sign yet that's ok - then don't sign with any one else or even talk with any other agent especially a listing agent or a builder's agent.  If they talk with you first then they may not pay ABR Realty a commission and we can't rebate unless we get paid.

2. Find your house. Use our MLS search tool or any other method you like. We can help with this process as needed. The more you do the higher your rebate.  If for example, you have already picked your builder, city, neighborhood, house, and we go together to meet the on-site agent and sign the contract we will give you 70% of the available commission. 

3. When you are ready to make an offer to buy a resale home we will help you negotiate the deal and will prepare the written offer. We must ensure that your contract to buy any property (new or resale)  states that ABR Realty represents you as your buyer's agent.


4. Complete the transaction – by accepting the title to the property at your attorney’s closing table. Your attorney will calculate your rebate based on instructions provide by step 1 the Buyer's Agency Contract. 
 

 

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