“Nobody gives anything away for free.”
“If it’s too good to be true… then it is.”
“You get what you pay for.”
We have heard them all.
Below we have compiled a list of commonly asked questions that will explain, in detail, what the Carolina North Realty – New Build Rebates is, how it works, and why we are able to offer this new home incentive program to you.
The Carolina NorthRealty – New Build Rebates is a form of commission sharing. As Real Estate Agents representing you in your new home purchase, we are paid a commission when you buy a new home. To thank you for using our service, we share a portion of our commission with you. This is our incentive to encourage you to consider buying a new home in North and South Carolina.
No. The rebate will be made in the form of either a closing cost credit, applied towards option upgrades with the builder, or applied as a reduction to your sales price. However applied, the Carolina NorthRealty – New Build Rebates will give 2.25% towards your new home purchase. The rebate must appear on the HUD 1 Settlement Statement, your sales contract, and your Exclusive Buyer’s Agency Agreement.
Absolutely. In the Carolinas, as well as 39 other states, Real Estate Rebates are allowed. According to The U.S. Department of Justice website (https://www.justice.gov/atr/competition-and-real-estate-state-41),
“Allows brokers to offer rebates to consumers.”
The Carolina NorthRealty – New Build Rebates is paid by the Builder. We let the new home builder know that we are sharing our commission with you, and tell them the percentage we are sharing. At closing, the Builder pays our commission to us, and your 2.25% rebate to you.
No, unfortunately you cannot. We (Carolina North Realty / Willie Matthews) must be exclusively representing you as your Real Estate Agent in order for you to receive your Carolina NorthRealty – New Build Rebates.
No, unfortunately you cannot. On your first visit to the Builder’s model home or sales center, the Builder needs to be notified that we (Carolina North Realty / Willie Matthews) are representing you as your Real Estate Agent and that we are offering to share our commission with you in the form of a closing cost credit, option price reductions or a sales price reduction. Once the Builder has a signed, legal agreement, there is no obligation for them to change the terms of the agreement in order to pay commissions to a Real Estate Agent / REALTOR®.
No, unfortunately you cannot. Per North Carolina Real Estate law, the only people who can be legally paid commissions in a Real Estate transaction are licensed Real Estate Agents. We are your key to unlocking additional savings on your new home purchase through our Carolina NorthRealty – New Build Rebates.
There are a couple of reasons… One, many agents that could offer the rebate do not because they are stuck in the old way of doing things. Another reason is that many Real Estate agencies simply cannot afford to offer rebates. In the traditional Real Estate model, the Real Estate Agency is owned by a Broker / Owner with Real Estate Agents working under them. They have high overhead to cover retail office space, managers, operations staff, franchise fees, etc., etc. Any commissions earned are split between the Broker/Owner and the Real Estate Agents. When a client does the search and visits the model homes themselves, they are greatly reducing our time and resources. This helps us reduce our overhead, and we pass the savings on to you.
No. In addition to getting the 2.25% rebate, you also get a full team of seasoned professionals who know the new home “game” inside and out. We are a full service Real Estate Agency that specializes in new homes. We have experience dealing with purchasing new homes from builders. We provide assistance with contract negotiations, options selection, home inspections, structural inspections, and selecting financing options. By contrast, the site agent for the builder represents the builder’s interests… We represent your interests.
