FAQ About Questions on Resale/Existing Home Rebates
Questions on Resale/Existing Home Rebates
one year ago | kevincbachman
Are home rebates legal?
Yes, rebates to home buyers are 100% legal in every state EXCEPT Alaska, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Oregon and Tennessee. The harsh reality is that rebates are not very popular among the general population or real estate agents. Most agents make their living by keeping all of their commission, which is typically 3% of the sales price on a home. If an agent tells you that rebating is not legal, they are ignorant of the law, or simply they make more money by convincing you otherwise. Please check with your state's Real Estate Commission to see if changes have been made to the states mentioned.