Home buyer rebate
When you buy a home, your agent's brokerage earns a commission, usually paid from the sale proceeds by the seller or as a seller concession. A buyer rebate means your agent gives part of that commission to you.
How much
With a RebateSpace partner agent, 50% of the commission in Vancouver and the Lower Mainland and 25% everywhere else. On a $1,000,000 Vancouver purchase, the standard BC buyer-side commission is about $13,570, so the rebate is about $6,785. On a $500,000 Florida purchase with a 2.5% buyer agent commission, it is about $3,125.
| Price | Typical buyer-side commission | Your cash back (50%) | Typical listing-side commission | Seller saving (50%) |
|---|---|---|---|---|
| $600,000 | $8,970 | $4,485 | $10,530 | $5,265 |
| $800,000 | $11,270 | $5,635 | $13,230 | $6,615 |
| $1,000,000 | $13,570 | $6,785 | $15,930 | $7,965 |
| $1,300,000 | $17,020 | $8,510 | $19,980 | $9,990 |
| $1,800,000 | $22,770 | $11,385 | $26,730 | $13,365 |
| Price | Buyer agent pay at 2.5% | Your cash back (25%) | Listing side at 2.5% | Seller saving (25%) |
|---|---|---|---|---|
| $300,000 | $7,500 | $1,875 | $7,500 | $1,875 |
| $450,000 | $11,250 | $2,813 | $11,250 | $2,813 |
| $600,000 | $15,000 | $3,750 | $15,000 | $3,750 |
| $800,000 | $20,000 | $5,000 | $20,000 | $5,000 |
| $1,000,000 | $25,000 | $6,250 | $25,000 | $6,250 |
When it is paid
In Canada, usually after completion once the brokerage has received its commission. In the US, usually as a credit on the closing statement. With a mortgage, the lender has to approve it.
Where it is allowed
Every Canadian province and most US states. We do not offer rebates in states that prohibit them.
Read next: how buyer rebates work, step by step.