Required Legal Disclosures and Terms for Our Rebate Plan
How our Extraordinary Value Works for You.
Premier Advantage Real Estate — Required Disclosures
Compensation is negotiable and not fixed by law. This is general information, not legal, tax, or lending advice.
Final terms are in your signed written agreement.
SELLERS — 1/2% TO LIST
List at 1/2% (one-half percent) of the sale price.
$5,750 minimum on homes under $1,150,000.
Full MLS Service and Broker oversight.
No Junk Fees. No Listing Fee unless the sale closes.
BUYERS — 1% BUYER CREDIT
When that Seller agrees to pay a 2.5% Buyer-Broker Commission, Premier Advantage Real Estate retains 1.5% and the Buyer may receive a 1% Credit at closing through Escrow.
Example: $1,000,000 purchase. Seller pays 2.5% = $25,000. Brokerage retains $15,000. Buyer Credit = $10,000.
Subject to Lender approval, that Credit may be applied toward closing costs, loan charges or points, a rate buydown, or cash to close — if Lender allows.
THE CREDIT IS NOT A GUARANTEED CHECK
It is paid only from Buyer-Broker compensation that Seller actually pays on that property. If Seller declines 2.5%, pays less, or pays nothing, we renegotiate our Buyer Representation Agreement with you in writing. The Credit is reduced to match what is received, or it may be zero. We work to obtain whatever Credit that Seller and that Lender will allow.
CALIFORNIA LAW — WHAT YOU MUST SIGN
A written Buyer-Broker representation agreement is required (AB 2992). It must state compensation, services, when compensation is due, and an expiration date. We require it before you tour when possible, and no later than the offer.
A licensed Broker may return part of an earned commission to the Buyer — only if it is disclosed in writing, disclosed to the Lender when a loan is used, and paid through Escrow so it appears on the Closing Disclosure. California Business and Professions Code §10176 prohibits a secret or undisclosed profit. Advertising must identify the licensee (B&P §10140.6).
The Credit does not require you to using a particular lender, title company, or escrow company.
LENDER AND ESCROW
Tell the Lender about the Credit on day one. Some loans cap credits at actual closing costs. Some do not allow cash back. We do not pay the Credit outside Escrow. Broker is not paid by escrow, title, or the lender for this Credit.
