Buyer Commission Rebate Program

Terms & Conditions

Rebate Eligibility. Homebuyers will be eligible for ConsumerEquity 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 rebate 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 final Settlement Statement.

2. Buyer must be party to an Exclusive Buyer Agency Agreement with Exchange Brokers that defines the Commission Rebate terms.  The transaction must close during the term of the Agreement.  Note that 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 Exclusive Buyer Agency Agreement with Exchange Brokers.  Each listed home may offer a unique cooperating broker or buyer agent commission. Agent commission and Seller concessions are alway negotiable terms of the Purcahse Agreement.  Prior to closing, disclosure is provided to the Buyer stating the final commission earned by the brokerage, the commission paid by the Seller and/or Seller’s brokerage, and the amount rebated to the Buyer.

Rebate Delivery. Rebates shall be provided as a closing cost credit against cash to close or loan fees required of the buyer and earned upon fundibg and closing of the transaction.

Rebate Limits:

1. Frequency. There are no limits 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 Buyer Agency Agreement.

3. Per Transaction. Regardless of the number of Buyers included in the transaction, one rebate 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 ConsumerEquity LLC dba Exchange Brokers’ Privacy Policy .

2. 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.