Rebate Calculator
Use this calculator to find out how much you can save when the buyer’s broker offers a rebate.
Examples
Buyers brokers can offer cash rebates in one of two ways.
Rebate type 1: The buyer’s broker rebates a percentage of the home’s sale price.
Example: rebate 2% of the sales price to the homebuyer.
Sales Price: |
$ |
220000 |
Commission Percentage: |
|
5% |
Rebate Percentage: |
|
2% |
Rebate Type: |
|
% of sales price |
Total Commission: |
$ |
11000 |
Buyer’s Broker Commission: |
$ |
5500 |
Rebate to Buyer: |
$ |
4400 |
Rebate type 2: The buyer’s broker rebates a percentage of their commission.
Example: rebate two thirds (67%) of their commission to the homebuyer.
Sales Price: |
$ |
220000 |
Commission Percentage: |
|
5% |
Rebate Percentage: |
|
67% |
Rebate Type: |
|
% of buyer’s broker commission |
Total Commission: |
$ |
11000 |
Buyer’s Broker Commission: |
$ |
5500 |
Rebate to Buyer: |
$ |
3685 |
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