NOBS Realty, LLC offers a rebate to buyers, who use NOBS Realty, LLC in the purchase of real estate. The rebate is available only to buyers, who complete a purchase transaction with NOBS Realty LLC, acting as their sole and exclusive agent in a real estate purchase. For homes with a final sales price of $150,000.00 or more and a minimum of 1.5% (usually it is 2.5% or 3%) to the cooperating broker, the rebate is twenty-five percent (25%) of the cooperating broker commission actually received by NOBS Realty, LLC at the close of escrow/settlement for representing/assisting the buyer net of any allowances or other deductions by NOBS Realty, LLC related to the transactions. The amount of cooperating broker commission received will vary on individual properties.
Occasionally, the seller and/or listing broker in a transaction will offer the broker representing/assisting the buyer a bonus or other additional incentive over and above the cooperating brokerage commission. Any such bonus or other additional incentives are separate and apart from the cooperating brokerage commission actually received by NOBS Realty, LLC, and the buyer is not entitled to a rebate on any bonus or other additional incentive monies paid to NOBS Realty, LLC over and above the cooperative broker commission. For homes with a final sales price of $149,999.99 or less, NOBS Realty, LLC will not pay a rebate. If a rebate is paid the rebate will be paid or credited to the party or parties named as the “buyer(s)” or “borrower(s)” on the HUD-1 Closing Statement or equivalent official closing statement. All buyers must sign a Rebate Agreement before any rebate will be issued. This rebate program is only available where permitted under state and federal law and when not otherwise prohibited by the buyer’s lender(s). There may be tax consequences to the rebate. If you need legal or tax advice, you should consult with the appropriate professional. Offer subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice. The rebate is based on the net amount of commission NOBS Realty gets paid from a transaction.