How long does it take to receive a commission refund after closing?

The time it takes to receive a commission refund after closing can vary depending on a number of factors, such as the terms of the agreement between you and your real estate agent, and the policies of the brokerage.

Typically, commission refunds are paid out after the sale of the property has closed and the funds have been disbursed. The time frame for this process can vary, but it usually takes a few weeks to a couple of months.

It is important to note that commission refunds may be subject to certain conditions and contingencies. For example, some agents may only offer commission refunds within a certain timeframe after the sale of the property, or may require that certain conditions are met before issuing the refund. It's also important to check with the agent and the brokerage to find out what their specific policy is regarding commission refunds and when you can expect to receive your refund.

It's also important to have a clear understanding of the terms and conditions of the commission refund offered and to keep in touch with the agent and the brokerage to ensure that the process is moving forward.

To learn more about commission rebates check out our comprehensive post here.

 

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