Real Estate Benefit And Disclosures
Disclosures-Benefits On Promotional Offers Made By Members Realty, LLC
General Disclosures:
We do business in accordance with Federal Fair Housing Law and the Equal Housing Opportunity Act.
Florida home buyers and/or sellers may choose any real estate agent with whom to list their home and close their real estate transaction. However, to receive the promotional benefits offered below, home buyers and/or sellers must close their real estate transaction with representation from a Members Realty agent under a Listing Agreement and/or Buyer Agency Agreement with Members Realty.
5% listings are offered to Members Realty that are selling a home. Member/seller must be the owner-occupant of the home being sold. Listing fees for investors, sellers of homes outside the above defined areas, financial institutions, relocation companies, asset management firms and/or for sellers are determined on a case-by-case basis.
For Sellers, the rebate may appear in the form of a reduced listing fee and the seller will not receive an additional rebate. In most cases, Members Realty offers 3% of the listing fee to buyer brokers. At the discretion of the Members Realty listing agent, it may be appropriate to offer a different amount to buyer brokers in certain sub-areas based on specific market conditions in those areas.
1% rebates are offered to Members Realty buyer clients that are purchasing a home located in the State of Florida for use as a primary residence. Rebates for investors, buyers of homes outside the above areas are determined on a case-by-case basis.
1% rebate offer is contingent on Members Realty, LLC receiving a buyer broker commission equal to 3% of the gross sales price of the home. In the event that the amount being paid to Members Realty, LLC is less than 3%, the rebate to the buyer will be the amount that exceeds 2%. For example, if the buyer broker commission is 2.5% then the rebate would be .5%. Rebate is valid when brokers commission is greater than $3,000.
Rebate to be calculated on the sales price of the home that is subject to real estate commissions. With new construction and certain other transactions the sales price on which real estate commissions are calculated is not always the gross sales price of the home. For example, some builders pay commissions on the base price of the home not the price after adding options & upgrades.
Rebate must be taken in the form of a broker closing cost credit and must appear on the HUD-1 form at settlement.
Rebate must be approved by the loan underwriter at the purchaser's mortgage lender and must be disclosed to the seller. No rebates will be issued after settlement has taken place. It is the buyer’s responsibility to notify their mortgage lender and obtain the required mortgage lender’s approval in order to receive the rebate.
Rebate not to exceed 1% of the gross sales price of the home being purchased. Rebate may not be taken in addition to other broker credits. 1% is the maximum allowable broker contribution to a transaction. There is a $395.00 Realtor Admin Fee expensed to member on the HUD for all purchase and sales transactions.
Any portion of the rebate that exceeds allowable lender closing cost credits will be treated as sales commission and retained by Members Realty, LLC. Rebate program void where prohibited by law. Additional restrictions may apply.
Nationwide Real Estate & Relocation
Home buyers and/or sellers may choose any real estate agent with whom to list their home and close their real estate transaction. However, to receive the nationwide promotional benefits offered below home buyers and/or sellers must close their real estate transaction with representation from a Members Realty referred brokerage firm under a Listing Agreement and/or Buyer Agency Agreement.
To qualify for the Members Realty arranged .5% rebate you must register with the Members Realty Relocation department prior to contacting an agent or visiting a new home community. Additionally you must notify Members Realty in writing of any ratified contract within 10 business days following the ratification date in order to receive the rebate.
.5% rebates are offered to Members Realty,LLC clients that are purchasing and/or selling a home anywhere in the United States except where prohibited by law. For sellers the .5% rebate may appear in the form of a reduced listing fee by the Members Realty referred listing broker.
.5% rebate offer is contingent on the Members Realty referred broker receiving a broker commission equal to 3% of the gross sales price of the home. In the event that the amount being paid to the Members Realty referred broker is less than 3%, the rebate to the buyer will be the amount that exceeds 2.5%. For example, if the buyer broker commission is 2.75% then the rebate would be .25%.
Rebate to be calculated on the sales price of the home that is subject to real estate commissions. With new construction and certain other transactions the sales price on which real estate commissions are calculated is not always the gross sales price of the home. For example, some builders pay commissions on the base price of the home not the price after adding options & upgrades.
Rebate must be taken in the form of a broker closing cost credit and must appear on the HUD-1 form at settlement.
Rebate must be approved by the loan underwriter at the purchaser's mortgage lender and must be disclosed to the seller. Rebate will show on the HUD-1 as coming from the Members Realty referred broker, not Members Realty directly. It is the buyer’s responsibility to notify their mortgage lender and obtain the required mortgage lender’s approval in order to receive the rebate.
Any portion of the rebate that exceeds allowable lender closing cost credits will be treated as sales commission and retained by Members Realty, LLC and/or the Members Realty referred brokerage firm. Rebate program void where prohibited by law. Additional restrictions may apply.
Testimonial
Three Year ago, my wife and I moved to Orlando from Miami. We had a quick timetable and very long list of request for the new home. Our real estate agent was referred to us, got us everything ....
Melodie and I want to personally thank you for helping us to get into a home of our own. Your dedication, hard work, long hours, patience, perseverance, knowledge....
Contact Us
Members Realty.
1855 W. State Road 434
Longwood Fl 32750
Phone: +1 800 610 2277
Email : info@membersrealty.net