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Let us represent you on a purchase or on a sale (listing) of a property, and we will give you up to twenty five percent (25%) of our earned and collected commission towards your closing cost. PLUS, we will donate one percent (1%) of our commission (net of rebate) to any charity of your choice -under your name. It's that simple.
Here's how it works:
Basically, the higher our commission, the higher your rebate.
The initial rebate shall start at five percentage points (5%) on a two percent (2%) earned and collected commission, and capping at twenty five percentage points (25%) on a three percent (3%) or higher commission. If the commission earned and collected by PropertyAXess is less than two percent (2%), rebate shall be limited to two hundred dollars ($200.00).
Graph Illustration:
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Tier 1: If Broker's commission is less than 2%, your rebate is limited to $200.00 Rebate Illustration ($):
Client (A) represented by PropertyAXess sells or acquires a property with a sales price of $500,000.00 with an earned and collected commission of 2.75% shall be entitled to a 20% rebate or $2,750.00 towards Client (A’s) closing cost. At a 3.00% earned and collected commission, Client (A's) entitlement goes up to 25% or $3,750.00.
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Bonus Illustration:
If the cooperating commission earned and collected by PropertyAXess at close of escrow falls in between commission tiers, the next lowest tier shall prevail with a one percent (1%) bonus shall be added to Buyer and/or Seller's closing cost.
Sales Price |
$ 500,000.00 |
Commission % |
2.850% |
Rebate % |
20.00% |
Rebate $ |
$ 2,850.00 |
Bonus % |
1% |
Bonus $ |
$ 142.50 |
Your Total Rebate |
$ 2,992.50 |
Charity:
PropertyAXess shall donate one percent (1%) of its collected commission to any charity selected by its client, and the gift will be made under the client’s name. If a client chooses not to participate, PropertyAXess will automatically make the same donation to any charity of its choice that qualifies as an exempt organization under Internal Revenue Code Section 501 (c) (3).
For a list of IRS qualified organization, please contact the IRS or go online at http://www.irs.gov/charities/
Click image for a "guide to intelligent giving"
Disclaimer:
Rebate
- PropertyAXess offers commission rebates to Buyers and/or Sellers on Real Estate purchase and/or sale (listing) transactions ONLY.
- Rebates are not available on Mortgage Loan transactions.
- This offer is VOID where prohibited by Law or where prohibited by a lender involved in the real estate transaction.
- For a Buyer and/or Seller to be entitled for a Rebate, the real estate transaction must be consummated and completed with PropertyAXess, Inc. as the sole and exclusive agent of the Buyer and/or Seller.
- Rebate is contingent upon the settlement and closing of the sale transaction.
- Bonuses or other incentives that is over and above the commission given by the cooperating broker are separate and not part of the formula in calculating Rebate.
- Cooperating commission offered by PropertyAXess as the Listing Broker to other Cooperating Brokers is not included in calculating Seller’s Rebate.
- Seller’s Rebate shall be based and calculated only on commission earned and collected by PropertyAXess at closed of escrow.
- The Rebate shall be paid or credited upon close of escrow to Buyer/Seller or Buyer’s/Seller’s assignee identified in the escrow closing statement. The rebate shall be reflected on the closing statement.
- Buyer and/or Seller are advised to seek professional advice respecting the liability or consequences of the rebate. PropertyAXess will not be responsible for any tax consequence the rebate may invoke. Any tax consequence or liability is the sole responsibility of the Buyer and/or Seller.
- Employees and/or Associates of PropertyAXess who are listing or buying their own property are not eligible to participate in the Rebate program.
- The Rebate shall be up to twenty five percent (25%) of the commission earned and collected by PropertyAXess at close of escrow for representing the Buyer and/or Seller. The initial rebate starts at five percentage points (5%) on a two percent (2%) commission, and capping at twenty five percentage points (25%) on a three percent (3%) or higher earned and collected commission. If the commission earned and collected by PropertyAXess is less than two percent (2%), rebate shall be limited to two hundred dollars ($200.00). If the commission earned and collected by PropertyAXess at close of escrow falls between two commission tiers, the next lowest tier shall prevail with a one percent (1%) bonus of the PropertyAXess’s commission shall be added to Buyer and/or Seller’s rebate.
- The cooperating commission is set by the listing broker in accordance with the listing agreement signed with the Seller. Acting in a capacity of a cooperating Broker, PropertyAXess cannot and will not change, modify cooperating commission and/or request listing broker to modify and/or change cooperating commission as published or offered by the listing Broker on the Multiple Listing Service (MLS) or any other forms of media.
- PropertyAXess reserves the right to change, modify, exclude, discontinue and limit the above rebate program without notice.
Special Offers: To be eligible for Special Offers, Buyers must sign a Buyer Broker Agreement with PropertyAXess, and Sellers, a Listing Agreement. If eligible BUYER participant does not close escrow within a year of eligibility, normal Rebate shall apply. PropertyAXess reserves the right to change, modify, exclude, discontinue and limit Special Offers without notice.
Charity:
- PropertyAXess reserves the right to receive any available tax deduction related to the charitable contribution
- VOID where prohibited by Law and where prohibited by Lender.
- Charitable Contribution is net of rebates, allowances and fees.
- Employees and/or Associates of PropertyAXess, Inc. are not eligible to participate.
- PropertyAXess reserves the right to change, modify, exclude, discontinue and limit this program without notice.
