Rebates To Buyers

We Charge a Flat Fee and REBATE THE REMAINDER of our Real Estate Commission to our Buyers
(our flat fee is $9,995 - any house, any price)

  • Apply the money to offset your Closing Costs!

  • Apply the money to Upgrades when buying your New Home from a Builder!

  • Pay for Landscaping!

  • Buy New Furniture!

Only available to Flat Rate Realty clients!!


Buy a home with us and receive a cash rebate of the remainder of our commission. 

Home sellers normally offer a buyer’s agent commission of 2.5% of the purchase price so your rebate would be this commission amount minus our flat fee.

Rebate Examples:

  • Purchase Price $600,000 — $5,000 Cash Back Rebate.

  • Purchase Price $800,000 — $10,000 Cash Back Rebate.

  • Purchase Price $1,000,000 — $15,000 Cash Back Rebate.

  • Purchase Price $1,200,000 — $20,000 Cash Back Rebate.

  • Purchase Price $2,000,000 — $40,000 Cash Back Rebate.


How it's applied:

  1. Credit on your closing statement — this is the easiest way. Our rebate will be itemized on your HUD1 closing statement as a credit applied to your closing costs, requiring you to bring in less cash to close escrow.

  2. Check after the close of escrow — some clients prefer to receive their rebate outside of escrow.


Is a California real estate commission rebate taxable?
NO, real estate commission rebates are not considered taxable by the IRS. A rebate will reduce the cost basis of your home (the price you paid).  For example:  If you purchase a $1,200,000 home and we  rebate you $18,000 your cost basis on your home would be $1,182,000. When you sell your home any profit would be based on that purchase price. We do not report a commission rebate to the IRS.

Is a commission rebate legal? 100% YES, The United States Department of Justice has a webpage entitled “Rebates Make Buying a Home Less Expensive“.  Ten states have enacted laws that forbid brokers from offering refunds, thankfully, California allows Us to share our commission with you.

Call me to learn more about our Real Service and Real Savings!
510-890-8028



Visit Our Rebate-Calculater Website (opens in a new tab)

Contact

John Kirkish
1% RealtorĀ®

Serving The East Bay

DRE#: 02070987

johnkirkish@gmail.com

1900 Camden Ave
San Jose, CA 95124