How to tell if a real estate rebate offer is real
Most rebate offers are real. Some are written so the big number on the ad never actually reaches you.
Warning signs
- "Up to". Up to 1% back usually means less on most deals. Ask what the typical client actually received.
- No written clause. If it is not in the buyer agreement, it is a promise you cannot enforce.
- Minimum fees. The brokerage keeps a fixed amount first, which can wipe out the rebate on lower-priced homes.
- Required services. The rebate only applies if you use their lender, title company or inspector.
- Points or gift cards. Worth less than cash, and harder to compare.
The one-line test
Ask: "On a $X home where your brokerage receives $Y, how much do I get, when, and is that written in the agreement?" A clear answer means a real offer.