The buyer will receive a return from their real estate agentat closing, known as a realtor rebate. A part of the buyer's agent's real estate commission is used to pay the rebate. In order to increase business, buyer's agents provide commission refunds.

The typical buyer rebate ranges from 1.25 percent to 2.25 percent of the home's purchasing price. Real estate agents typically refund between a third and two-thirds of their commission to the buyer if they choose to make a rebate; however, the precise amount depends on how much money was spent on the home.

Most buyer agents receive a commission of about 3%. This means that if you receive a home buyer rebatefrom your agent, you can anticipate receiving one to two percent of the price of your home back. A one percent rebate corresponds to almost $2,000 on a $200,000 house. In order to receive the whole refund from an agent who offers higher, two percent rebates, you may need to purchase a property worth $500,000, but on a $500,000 home, you can expect to receive a $10,000 discount. That is a significant sum of money!