NJ Real Estate Agent
Buyer Rebate
How It Works
In New Jersey we are allowed to share part of the buyer's broker commission with the buyer. This is called the NJ Home Buyer Rebate, or Commission Rebate.
The rebate gets applied directly to your closing costs, which means less cash that you need to bring to closing!
Buyer's broker commissions can range from 2% - 3%, and we have seen as high as 4%. The rebate amount will depend on how much the seller is offering for buyer's broker commission.
Get started with your Buyer Rebate today!
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Effective 8/1/24 - new laws have gone into effect that change the way Real Estate Agents do business! Moving forward, Buyers must sign an Agreement with their agent that outlines how much/how they will be paid. How does this affect the rebate? Instead of "splitting the commission" our agreement states that I will credit my buyer with any commission being offered over our agreed upon rate. Feel free to call/email me to discuss!