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nanskerder 2 years ago
What a bunch of dumb comments. Cash back to buyers is NOT the same as cash back at closing, undisclosed to lenders. Get a clue before posting stupid nonsense. Cash back is good for the buyers, the sellers and the economy. I am opening a real estate company which will do just that. THe girl's presentation is absolutely correct.
eleegals 3 years ago
Before anyone does this I STRONGLY urge you to research ... there is some information at flippingfrenzy dot com
reibroker 4 years ago
A cash back rebate from your buyer's broker (agent) is not the same as illegal cash back schemes that have been perpetrated by con artists.
A rebate of commission is simply a reduction in the cost of buyer agent services. Although the seller pays the commission, the buyer bears some of the burden through the sales price; hence, a commission rebate gives back some of the commission to the buyer.
commissionrebatega 3 years ago
Uh, have you ever heard of the term RESPA VIOLATION? I guess you also won't be involved in jail visitations, since you all will BE IN JAIL! WAIT what is that I hear? The door knocking! It is the FBI!
kenaitze 4 years ago
A rebate of commission is in no way a RESPA violation, inasmuch as a rebate reduces the costs of the transaction -- and that is the main objective of RESPA.
commissionrebatega 3 years ago