Please Note: For Sale by Owner (“FSBO”) contracts and sales are not eligible for this cash back service as there are no posted commissions paid to agents on private sales.
Cash Back Realty: Thinking About Buying a Home?
One Flat Fee wants to represent your home buying purchase so much that we pay you for the privilege. Our cash back reward program for home buyers offers services of an experienced’ buyer’s agent and puts cash back in the home buyer’s pocket. If you’re selling before you buy, use the cash back to further reduce our already attractive selling commissions! No gimmicks.
Cash Back Brokerage: How Buyer’s Agents are Compensated
A home selling contract always states the total commission to be paid by the seller, as well as how much the home seller’s brokerage will pay to the cooperating buyer’s agent. This means the commission paid by the seller compensates both the seller’s agent and the buyer’s agent. Home buyers are not asked to pay any portion of real estate commissions.
Cash Back Real Estate for Buyers: How Cash Incentives for Buyers Work
Recent changes to the Real Estate Act allow licensed Realtors® to pay cash incentives to non-licensed individuals. If a home buyer purchases a home using a licensed Realtor®, the brokerage is permitted to pay the buyer as an incentive to increase business. The payment is treated as an expense to the Realtor®, but it’s tax-free to the home buyer!
How to Get Cash Back Rewards with One Flat Fee Realty
When you purchase your home with a One Flat Fee agent, you will receive 25% or 50% of the agent’s commission earned upon closing. This means if a home buyer purchases a home or property for $650,000, the agent would typically be paid $9,545, leaving you with either $4,772.50 (50%) or $2,386.25 (25%) depending on how you find your home. You receive the cheque when you take possession of your home.
Cash Back for Home Buyers: No Strings Attached with One Flat Fee
Our buyers’ cash back reward program has no conditions or fine print. Home buyers are not restricted or penalized with time limits or home tour requirements prior to purchasing (please see our packages for more information). You will never be asked to sign a buyer’s brokerage agreement or be contractually committed to a purchase.
Use One Flat Fee to buy your next home and get cash back, no strings attached.