Cool fee for service real estate virginia
Real estate commission rebates help buyers buy homes they may otherwise not be able to afford. Since 21st Century home buyers most likely have found their homes through a search of Internet listings and not exclusively with the assistance of a broker, they find the concept of real estate commission rebates appealing and feel that they should share in at least a portion of the commission. You cant fault buyers for asking for a rebate. It makes sense that computer savvy home buyers would locate their own homes on the Internet and should not have to pay commission for that same service that they, and not their broker, performed. Real estate commission rebate brokers will generally represent buyers during contract negotiations and at other times during the closing process when their clients interests need protecting; for this they may receive a straight salary or reimburse their clients a portion of commission collected at closing.