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Disclosures

Buy Side Disclosures

The Owners.com Buyer Rebate is a cash rebate given by Owners.com to eligible buyers it represents in the purchase of a home.  As further described below, the Owners.com Buyer Rebate is paid to the eligible buyer at closing either in the form of a credit on the settlement statement or by check.  The Owners.com Buyer Rebate is calculated as a percentage of Owners.com’s Cooperating Broker Commission* and varies based on sales price.  For properties with a purchase price less than $150,000.00, the Owners.com Buyer Rebate is 0% of the Cooperating Broker Commission. For properties with a purchase price between $150,000.00 and $199,999.99, the Owners.com Buyer Rebate is 20% of the Cooperating Broker Commission. For properties with a purchase price between $200,000.00 and $249,999.99, the Owners.com Buyer Rebate is 40% of the Cooperating Broker Commission. For properties with a purchase price equal to or greater than $250,000.00, the Owners.com Buyer Rebate is 50% of the Cooperating Broker Commission. *The Cooperating Broker Commission is the seller-paid commission due at closing to the broker who procures a buyer (in this instance, Owners.com).

Where Our Buyer Services Are Available: Owners.com offers buyer representation services in CA, FL, GA, IL, MA, OH, PA and TX. The Owners.com Buyer Rebate is available where (i) Owners.com represents the buyer in connection with the purchase of a property in one of these states, and (ii) Owners.com is not engaged as the listing broker (e.g. representing the seller) in the transaction.

Owners.com Buyer Rebate Program Details:

(A) To participate in the Owners.com buyer rebate program (the "Program"), a buyer must not be represented by another licensed real estate professional and must execute a brokerage agreement with Owners.com on terms and conditions satisfactory to Owners.com. (B) For eligible properties, as described above, Owners.com will rebate to the buyer up to 50% of the Cooperating Broker Commission received by Owners.com at closing. (C) A property's eligibility for participation in the Program will be determined in the sole discretion of Owners.com and may be subject to a minimum sales price, Buyer’s lender approval and/or all affiliated parties’ approval and the property not being a the subject of a short sale or foreclosure sale. (D) Participation by a buyer in the Program is optional. (E) Payment of rebates under the Program will not be made where prohibited by law. (F) Buyers participating in the Program are required to disclose their participation and the existence of the Owners.com Buyer Rebate to all parties involved in the transaction, including: the seller(s), all real estate brokers and agents, any lenders and any other parties to the transaction.  (G) For transactions involving a lender, payment of the Owners.com Buyer Rebate shall be made via a credit to the buyer at closing shown on the HUD-1 or other settlement statement and the amount and acceptability of the rebate is expressly subject to review and approval of buyer's lender. For "cash" transactions not involving a lender, payment of the Owners.com Buyer Rebate may be made by a check to the buyer on or after closing or via a credit to buyer at closing shown on the HUD-1 or other settlement statement. (H) Buyers should consult their accounting, legal or tax advisors regarding proper treatment of any rebate. (I) Owners.com reserves the right to modify the terms and conditions of the Program at any time by modifying the Owners.com Terms of Use; however, no such modification shall amend the terms or any existing brokerage agreement between a buyer and Owners.com unless such modification is required by law.

Sell Side Disclosures

Here’s Where Our Seller Services Are Available: All states, except CT, sell-side advisors providing services are real estate agents licensed in the applicable state.

The Savings as seller is based on an average commission of 3% less the Owners.com MLS Pro listing package cost of $695.

Here Is More Info On Our Seller Listing Packages: Our free For Sale By Owner (FSBO) package does not include real estate agent support. Our listing packages and details are available for purchase here: http://www.owners.com/for-sale-by-owner/sell

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