Nothing on this website shall be considered to be a solicitation to do business or any activity requiring a real estate license in any state in which Preferealty.com Corporation (Agency) is not licensed as a real estate broker (Licenses)
Rebate available in most areas. Void where prohibited by law or where prohibited by the lender. Actual rebate may vary.
For Home Buyers
Rebate is available only to buyers who close escrow/proceed to final settlement with our Agency acting as their sole and exclusive agent in the purchase of real estate. For homes with a final sales price of $200,000.00 or more, the rebate is thirty percent (30%) of the cooperating broker commission actually received by our Agency at the close of escrow/settlement for representing the buyer net of any allowances or other deductions by our Agency related to the transaction. Occasionally, the seller and/or listing broker in a transaction will offer the broker representing the buyer a bonus or other additional incentive over and above the cooperating brokerage commission. Any such bonuses or other additional incentives are separate and apart from the cooperating brokerage commission actually received by our Agency and buyer is not entitled to a rebate on any bonus or other additional incentive monies paid to our Agency over and above the cooperative broker commission. For homes with a final sales price of $199,999.99 or less, the rebate is Three Hundred Dollars ($300.00). The amount of the cooperating broker commission received will vary on individual properties. The rebate will be paid or credited to the party or parties named as the "buyer(s)" or "borrower(s)" on the HUD-1 Closing Statement or equivalent official closing statement. In the case of an IRC §1031 Tax Deferred Exchange ("Exchange"), the party named as the "buyer or borrower" is the Qualified Intermediary (the "Exchange Company") and the rebate will be paid or credited to the Exchange Company for the benefit of the party conducting the exchange (the "Exchanger"). All buyers, or in the case of any Exchange, the Exchanger must sign a Rebate Agreement before any rebate will be issued. This rebate program is only available where permitted under state and federal law and when not otherwise prohibited by the buyer's lender(s). There may be tax consequences to the rebate. If you need legal or tax advice, you should consult with the appropriate professional. Offer subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice.
New Construction Rebate Terms
In the event that Preferealty refers and registers you as a buyer with a builder/developer, the builder/developer will often pay Preferealty a cooperating broker commission at close of escrow/final settlement. The exact amount of compensation received by our Agency will vary based on the particular builder/developer. Be advised, many builders/developers require that an agent must personally accompany a prospective buyer to the development on the buyer's first visit for the agent to be entitled to receive any compensation.
Unless prohibited by the builder/developer, Preferealty would issue you a rebate as described above.For Home Sellers - Listing Terms and Disclosures
Our Agency charges for Exclusive Right to Sell Listing either a competitive fee for the local area, typically 2% below the going rate for the area, or a Minimum Listing Fee, whichever is greater. Contact an agent for more information on our Agency fees in your area.
"Minimum Listing Fee" is $2,500.00 for Exclusive Right to Sell Listing plus an agreed upon cooperating brokerage fee to be paid to a cooperating broker (broker who brings the successful buyer). The market rate for the cooperating brokerage fee may vary based on local custom and market conditions.
Our Agency welcomes "Open Listing" and may charge for home inspection cost conducted by a licensed home inspector; and earns a commission if our Agency first procures a buyer who is ready, willing, and able to buy, pursuant to the terms of the open listing contract. Home inspection by a licensed home inspector is a requirement for listing with our agency.
All offers are subject to modification or discontinuation without notice.
"Additional Profit", "Your Savings", and "Savings" are terms used to reflect an estimate of savings by listing with our Agency. Examples are based on a total 6% commission, charged by a "Traditional Agent", compared to 4% commission charged by Preferealty. The total 6% commission is an estimate for purposes of comparing traditional real estate agents to our Agency services. The actual final sales commission may vary based on individual brokerage practices, local custom and market conditions. Our Agency's goal is to charge approximately 2% less than the going market rate in a local area. Our Agency is able to offer an aggressive discount of 2% or more for real estate consumers because our business model and processes are based on extensive use of automated technology for servicing real estate transactions (Virtual Broker Technology™). Therefore, our business operation is efficient, fast, and cost effective. This translates to great savings for our real estate consumers (buyers and sellers) who use and take advantage of our state-of-the-art online Virtual Broker Technology™.
"Closing Cost Estimate" includes miscellaneous closing costs, other than brokerage commission(s), using 1% of the selling price of the property to estimate those costs. Actual amount may vary by area, local custom and each individual transaction.
For Referrals To Other Brokers/Agents
Our Agency does not guarantee or warrant the services provided by real estate brokers/agents that our Agency refers to you. Each homebuyer/seller must independently verify the quality and experience of each real estate broker/agent that they hire. The commissions paid are subject to the agreement between the individual homebuyer/seller and the broker receiving the referral and may be negotiated between the parties. A homebuyer/seller who is represented by, or referred to, another broker is not eligible for a rebate or reduced commission from Preferealty.
For Referrals To Other Service Providers
Our Agency does not guarantee or warrant the products or services of other product or service providers that our Agency, employees or agents refers to you, including, but not limited to, through its website. Any referral to other product or service providers is for informational purposes only. You are free to select any product service provider of your choosing. Product and service providers may very in cost, quality, experience, availability, responsiveness and other factors. You are advised to exercise care in the selection of product or service provider.