NO, NEVER. As long as the Agent compensation is at least 3% then the Rebate will be at least the 2.52% out of the 3% paid. I have done several hundred new home transactions and up until now I have never seen or heard of a New Home compensation less than 3% of the Builder’s base price.
***NOTE*** Keep in mind that ALL Builders DO NOT pay commissions on the Total Purchase Price. Some Builders pay compensation according to the Builder’s “base” price. Others pay compensation based on something in between the “base” price and the Total Purchase Price. Each Builder has their own criteria. Stuart’s New Home Buyer Rebate will always be figured at “84% of all cash commissions paid to the Broker”.
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