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Information about Owners.com buyer services
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:
Information About Owners.com Listing Packages
Listing packages and pricing vary by state. Where possible, we offer three general packages: (1) FSBO Listing Package; (2) MLS Listing Package; and (3) Professional Listing Package.
MLS Listing Package: In connection with the purchase of an MLS Listing Package, Seller will be required to offer a commission to a licensed real estate agent representing a buyer purchasing your property. The purchase of the MLS Listing Package through Owners.com does not include this buyer’s agent commission. Each listing agent reserves the right to require a minimum buyer’s agent commission (not to exceed three percent of sales price). The amount of the buyer’s agent commission shall be agreed upon by Seller and the listing agent and will be set forth in the listing agreement. In the event that Seller and Seller’s listing agent cannot agree on the amount of the buyer’s agent commission to be offered, Seller’s purchase of the MLS Package will be terminated and any fees paid by by Seller to Owners.com for the MLS Package will be refunded. Also see FAQ – Buyer’s Agent Commission.
Additional MLS Fees: For our MLS Package, Seller may have to pay an additional fee to the MLS after you sell (i.e. 0.12% to the FMLS in Atlanta, GA). Your listing agent will inform you of any special circumstances up front.
Professional Listing Package Minimum Listing Agent Commission Requirement: The Professional Listing Package is subject to a minimum listing agent commission amount of $3000. The listing agent commission is the greater of 1.5% of the purchase price or $3,000.
The estimated seller’s savings is based on a traditional listing agent commission of 3% less the Owners.com MLS Package cost of $395. The MLS Package is not available in all states.
Sellers Choose the Level of Agent Support: Real estate agent support is not provided with our free For Sale By Owner (FSBO) Package. For MLS and Professional Packages, a licensed real estate agent (Owners.com agent or a listing agent in the Owners.com referral agent network) will provide services as defined in the listing agreement with the seller. Our listing package details and pricing are available here: http://www.owners.com/for-sale-by-owner/sell.