***Chicago Home Buyer Real Estate Commission Rebate Programs***
We rebate a portion of our seller paid real estate commission to
you throughout the Chicago area, using a sliding scale that gives you a higher percentage of our commission on more expensive homes. Our rebates vary from 20% to
50% of the cooperating commission.*
For example, on a $500,000 home with a simple 3%
cooperating commission we would rebate you 25% of
our commission - or $3,750.
But wait, there's more! Occasionally, the seller and/or listing broker will
offer the buyer's agent a bonus or other incentive in addition to the
cooperating brokerage commission. We question the practice of buyer's agents
keeping this bonus for themselves and not disclosing it to buyers. Therefore, we
include any bonuses in our rebate calculation - which is a lot more than some of
the other real estate brokers that offer rebates.
100% Commission Rebate Program
also offer an optional 100% commission rebate program for home buyers
willing to pay us an hourly rate. This makes the most sense for buyers
of higher priced homes or buyers who believe they will not not require
as much assistance. This program is currently available at the rate of $100 per hour.
Just because we share our commissions with home
buyers doesn't mean they have to settle for less. We provide home buyers with a complete suite of home buyer services
throughout Chicago and the surrounding suburbs. We know you
have access to a lot of data through the Internet so we are determined to
demonstrate to you that we provide a lot more value than the "other agents".
Think you don't need a real estate agent to help you buy a
home? Think again!
If you are ready to explore our Home Buyer Programs you can:
rebates are paid only to buyers who have signed an exclusive buyer's
agreement with Lucid Realty and close on real estate purchased above
$150,000 with Lucid Realty under that agreement. For homes below
$200,000 the rebate is $250. For homes at or above $200,000 the rebate
is at least 20% of the cooperating broker commission plus incentives
actually received by Lucid Realty at the close of escrow/settlement for
representing the buyer, net of any allowances or other deductions
related to the transaction. Rebates on more expensive homes can be as
high as 50% of the cooperating commission. Rebates on short sales will
be lower as a result of additional effort required and are also subject
to approval by seller's lender. Speak to your Lucid Realty agent for
details on how much you can expect to save. 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.
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