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Rebate Are Legal
YES!REBATES ARE 100% LEGAL IN Maryland
Absolutely!Rebates are legal in Maryland and in many other states across the U.S. Many people inaccurately assume that there is a “catch” or that they will get in trouble, or other things associated with rebates. This is totally NOT TRUE! Per the Department of Justice,rebates are 100% legal in the state of Maryland!
If you still aren’t a believer, click on this link straight from the U.S. Department of Justice Website and learn what the government thinks about Realtors sharing their commission with buyers…they think it’s good for the economy and should be allowed in all states! Check out Departmentof Justice Website.
BELOW IS AN EXCERPT DIRECTLY FROM THE DEPARTMENT OF JUSTICE WEBSITE
Rebates and Inducements
Some real estate brokers have increasingly begun to compete for customers by offering cash rebates or other inducements to home buyers and sellers. Rebates that go directly to buyers or sellers lower costs on both sides of the transaction. Cash rebates are usually calculated as some fraction of the broker’s commission and can result in thousands of dollars being returned to the consumer.
REBATES MAKE BUYING A HOME LESS EXPENSIVE
THAT TRADITIONAL REALTORS DON’T WANT YOU TO KNOW….
Talking about lowering or sharing commissions in the real estate industry is a rather taboo topic. The industry standard allows both the buyer’sand seller’s real estate agent to accept 3% commission on the sale or purchase of a new home. Although sharing the commission with a buyer or seller is perfectly legal in the state of Maryland, most real estate brokers would rather not. Why? It’s obvious, they want to keep the full 3% for themselves and that’s fine, except that in many cases, the more educated home buyer has already done most of the leg work and has already identified areas, neighborhoods, builders and sometimes have even zeroed in on homes of interest. All of this hard work on the buyer’s part makes my job very easy. Once we find the right home, I negotiate with the seller, or builder review contracts and advise throughout the process. Because my buyers have done so much of the work already, I’m able to in turn, share my commission with my buyers. I honestly feel that they deserve it
Contact Beth to get your rebate. firstname.lastname@example.org
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You’ve imagined a house with a big backyard. You’ve dreamed of a two-car garage. You may have pictured the house you’d buy one day, but how do you make that dream a reality? With a mortgage!