How do I get a commission rebate?

There are two ways to get a commission rebate. You can interview different real estate agents and ask them if they do rebates. or You can buy a home with a top-rated Clever Partner Agent who's already agreed to offer a commission rebate. They wi

Are real estate commission rebates taxable?

The IRS has ruled that commission rebates are part of the settlement statement when purchasing a home and are viewed as part of the transaction as a whole. This means that any rebates you receive won’t impact your taxable income for the year.

Can real estate agents give rebates?

In the 40 states where commission rebates are legal, real estate agents can, in fact, give commission rebates. How much of a rebate they will offer you depends on the price of the home you want to buy, how many homes you are expecting to tour, an

Where are commission rebates legal?

Commission rebates are legal in 40 states. You can view the complete map below. If you live in a state where rebates are legal, Clever can connect you with a top-rated agent who will help you find your next home and navigate the home-buying pr

How do commission rebates work?

To understand how a commission rebate works, you need to first understand how commissions work in real estate. Typically a listing agent charges between 5-6% (the national average is around 5.2%), and they split that commission with the agent who

What is a commission rebate?

A commission rebate, commonly known as a home buyer rebate, is a rebate from a real estate agent representing a buyer to their client. The agent rebates a portion of the commission they receive from the seller to their client. Real estate agents w