*The Real Estate Cafe will collect a 2% – 3.5% buyer agency fee from the proceeds of that transaction at closing for all the options below.
Option 1:
$5,000 fee / $1,000 donation / 100% rebate
- Limited availability: Client must own property, not currently for sale, with at least $5,500 equity
- Rebate: 100%. Any Buyer Agent fee collected will be rebated to Client, subject to conditions below
- Line of credit: Client agrees to sign $5,000 line of credit from Rate1Mortgage.com before services are rendered
- Retainer: $500 retainer is paid from line of credit before services rendered
- Hourly rate: Covers first 40 hours (effective rate of $125 per hour)
- Payment policy: TREC draws $500 per month from line of credit, or hours worked whichever higher
- Additional hours: Beyond 40 hours, hours are billed at $125 per hour
- Minimum fee: $5,000 regardless of whether 40 hours are worked
- FSBO fees: $5,000 regardless of whether 40 hours are worked
- Closing cost repayment:
- TREC will request a $5,500 closing cost credit from the seller in any offer submitted so the Client may repay the line of credit and receive a 100% buyer agency fee rebate.
- If seller rejects some or all of the closing cost credit, TREC may reduce the rebate by up to $5,500 to repay the line of credit and any interest.
- Performance bonus: None
- Minimum donation: Regardless of rebate size, Client must distribute a minimum donation of $1,000 to one or more non-profit organizations participating in the ASAP: AIDS Shelter Alliance Partnership.
Option 2:
$3,000 fee plus performance bonus / $1,000 donation / 100% rebate less bonus
- Limited availability: Client must own property, not currently for sale, with at least $3,300 equity
- Rebate: 100% less performance bonus. Any Buyer Agent fee collected will be rebated to Client subject to conditions below
- Line of credit: Client agrees to sign $3,000 line of credit from Rate1Mortgage.com before services are rendered
- Retainer: $500 retainer is paid from line of credit before services rendered
- Hourly rate: Line of credit covers first 40 hours (effective rate of $75 per hour)
- Payment policy: TREC draws $500 per month from line of credit, or hours worked whichever higher
- Additional hours: Beyond 40 hours, hours are billed at $100 per hour
- Minimum fee: $3,000 regardless of whether 40 hours are worked
- FSBO fees: $3,000 regardless of whether 40 hours are worked
- Closing cost repayment:
- TREC will request a $3,300 closing cost credit from the seller in any offer submitted so the Client may repay the line of credit and receive a 100% buyer agency fee rebate.
- If seller rejects some or all of the closing cost credit, TREC may reduce the rebate by up to $3,300 to repay the line of credit and any interest.
- Performance bonus: Pre-negotiated based on savings not to exceed 2% of sales price, will reduce rebate from commission
- Minimum donation: Regardless of rebate size, Client must distribute a minimum donation of $1,000 to one or more non-profit organizations participating in the ASAP: AIDS Shelter Alliance Partnership.
Option 3:
$3,000 retainer plus bonus / $1,000 donation / 100% rebate less bonus
- Limited availability:
- TREC may limit the number of clients using this payment option at anytime without notice.
- Not available on properties originally asking over $1 million
- Rebate: 100% less performance bonus. Any Buyer Agent fee collected will be rebated to Client, subject to conditions below
- Retainer: $3,000 prepaid by buyer
- Hourly rate: Covers first 40 hours (effective rate of $75 per hour)
- Additional hours: Beyond 40 hours, hours are billed at $125 per hour
- Minimum fee: $3,000 regardless of whether 40 hours are worked
- FSBO fees: $3,000 regardless of whether 40 hours are worked
- Performance bonus: Pre-negotiated based on savings not to exceed 1% of sales price, will reduce rebate from commission
- Minimum donation: Regardless of rebate size, Client must distribute a minimum donation of $1,000 to one or more non-profit organizations participating in the ASAP: AIDS Shelter Alliance Partnership.