What exactly is a buyer's agent commission rebate?

Simply put, cash is returned upon closure. However, there is a little more to it than that.

"Commission refunds are normally computed as some proportion of the broker's commission and can result in thousands of dollars being repaid to the consumer," according to the United States Department of Justice.

In other words, a buyer agent commission rebate is money that your buyer agent will repay to you at the end of the transaction.

When a buyer buys a property, a major portion of the purchase price is used to pay off fees to the real estate brokers involved. The buyer's agent normally earns a commission of 3% of the home's purchase price. A buyer agent commission rebate is a percentage of the buyer agent's 3 percent compensation that is rebated to the buyer at closing.

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