The Buyer Commission Rebate Program

Promotional Terms & Conditions

Rebate Eligibility. Homebuyers will be eligible for Consumer Equity LLC dba Exchange Brokers Buyer Commission Rebate Program ("Commission Rebate") by either a) inquiring from an advertisement or listing which promotes the Commission Rebate; b) expressly asking an Exchange Brokers Licensee or team member to participate in the Commission Rebate program; or c) making initial contact with a member of the Exchange Brokers team to request a showing of a qualified property.  With qualifying event, homebuyer will be eligible to receive a promotional rebate, represented as a buyer credit at closing, upon closing on a home purchase when represented by Exchange Brokers per the terms of an Exclusive Buyer Agency Agreement.

Rebate Conditions. Due to state and federal laws and regulations commission rebates may vary by state and the following conditions must be met:

1. Disclosure to all parties in the transaction is required.  Disclosure provided for on the Closing Disclosure or ALTA Settlement Statement when lender permitted.

2. Buyer must be party to an Exclusive Buyer Agency Agreement ("Agreement") inclusive of the Commission Rebate terms with Exchange Brokers at the time of writing an offer to purchase real estate.  The transaction must close during the term of the Agreement. Per 2024 implemented real estate law, all buyers must be party to a Buyer Agency Agreement with any brokerage prior to viewing a home for sale or engaging in any fiduciary licensed services with a real estate agent affiliated to the brokerage.

3. Lender approval cannot be guaranteed by Exchange Brokers and may be required for rebate eligibility.

Rebate Amount. The Commission Rebate amount is subject to the terms of the Agreement with Exchange Brokers.  Each listed home may offer a unique cooperating broker or buyer agent commission. Buyer agent compensation and seller paid concessions are negotiable terms of a purchase agreement.  Prior to closing, disclosure is provided to buyer and seller declaring commission earned by representing brokerage(s), the commission paid by the seller and/or seller’s brokerage, and any amounts credited to the buyer.

Rebate Delivery. Rebates shall be provided as a closing cost credit towards loan origination and other applicable lender fees expensed to the buyer and earned upon funding and closing of the transaction.  In the event a closing cost credit is not approved by buyer's lender, the rebate shall be paid via electronic funds transfer from Exchange Brokers to buyer within 30 days of closing.

Rebate Limits:

1. Frequency. There is no limit to the number of transactions a buyer is eligible for the Commission Rebate provided that the promotion is currently offered to eligible homebuyers and the Rebate Conditions are met in each transaction.

2. Sale Price. The final sale price, as recorded on the Closing Disclosure must be greater than or equal to $200,000, or as otherwise promoted and defined in the Agreement.

3. Per Transaction. One rebate credit is offered per transaction regardless of the number of principals.  The rebate shall be provided to all parties included on the transfer of title of the purchased home.

Additional Conditions

1. Participation in the Commission Rebate includes agreement to Consumer Equity LLC dba Exchange Brokers’ Privacy Policy .

2. Consumer Equity dba Exchange Brokers reserves the right to terminate the Commission Rebate at its discretion. Upon program termination, eligible buyers subject to an Exclusive Buyer Agency Agreement with rebate terms will be honored for the term of the Agreement.

3. Commission Rebate Agreements will terminate regardless of eligibility in the instances that a) state or federal laws or regulations declare the rebate or Agreement unlawful or b) ConsumerEquity LLC dba Exchange Brokers dissolves its brokerage or real estate license.

Customer Service

For any additional questions about the Commission Rebate contact us at key@exchangebrokers.co or call our Chicagoland office at (224) 857-7309.