Many people have asked us how a commission rebate is applied as they want to make sure it isn’t taxable. Typically the commission rebate from your respective rebating realtor is applied towards your settlement or closing costs. If there is a remaining excess amount, we have it applied towards a reduction in the purchase price.
Some buyers have opted to have the entire commission rebate applied directly towards a reduction in purchase price but it’s a matter of preferences.
Feel free to visit other sites like redfin or rebagents.com to learn more about commission rebates in your area.
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