Cashback real estate - cash back realtors - cash back at closing - cash back to home buyers - discount realtor

Home buyers nationwide are saving money when they buy real estate, discount real estate brokers are offering savings not only for home sellers but also for home purchasers. In the past, home buyers did not understand how the buyer's side realtor receive compensation. Today, more and more buyers are becoming more educated about consumer discounts in the form of  broker rebate when buying a new home, resale, bank owned foreclosure, or short sale.   Given the high cost of housing, broker rebates are welcome saving relief to home buying consumer.  Rebates in the form of closing cost credits, cash payments or gifts are one way to enhance competition and innovation amongst competing buyer brokers.   

From the Dept of Justice website: 

"How do rebates work?

Some real estate brokers offer consumers cash refunds or non-cash incentives to encourage them to use that broker’s services. Rebates are typically cash payments from the real estate broker to his or her client after closing. Incentives may include gift certificates, closing-cost payments, or free ancillary services such as home inspections or moving services.

How do rebates benefit consumers?

Rebates can save consumers several thousand dollars in a single transaction. For example, if a broker offers to refund one-third of its commission to the homebuyer, the average buyer of a $300,000 home could save $2,500 to $3,000 (based on the 2.5% to 3% commission rates typically earned by the buyer’s broker)."  DOJ website http://www.usdoj.gov/atr/public/real_estate/rebates.htm 

As the DOJ website indicates, rebates save home buyers money.

Realtor rebates for new home buyers and resale home buyers New home rebates