DROdio Home Buyer's Rebate Program
RebateReps Frequently Asked Questions
Would I be getting 'real' cash at closing?
Yes! The rebate is put right on the HUD-1 closing statement, so you bring less of your cash to closing, and use our cash instead, to pay closing costs, etc.
Other Frequently Asked Questions
- My agent said it was illegal to offer rebates. Is this true?
- How can your Realtors afford to share their commission?
- I already registered with a new homebuilder. Can I still get a rebate through one of your real estate agents?
- How can RebateReps agents afford to give rebates?
- Why don't all Realtors offer rebates?
- My real estate agent said, "You get what you pay for." Will you provide me with the same level of service as a traditional agent?
- Where are you located?
- Would I be getting 'real' cash at closing?
- How do you define 'new home' and 'resale / existing home'?
- Will I have to pay more money for a real estate agent to represent me when buying a home?
- I see that you are located in Virginia, but I'm in Texas. Can I still use RebateReps?
- If the seller pays you a 3% commission, and you pay part of that back to the buyer as a rebate, then what if the seller is offering less than 3%?
- Is your firm directly affiliated with homebuilders like Pulte or Toll Brothers?
- What's the difference between a pre-approval letter and a pre-qualification letter?
- What is a HUD-1 Statement?
- Does the rebate have to be listed on the HUD-1 statement, or can it be given after closing?
- How do you make money?
- How is this all free to me as a buyer?
- I still don't get it - do I really not have to pay to use you?
- My real estate agent said, "You get what you pay for". Will you provide me with the same level of service as a traditional agent?
- Where are you located?
- Do I have to use a certain lender if I use you?
- Are there any states where rebates aren't legal?
- Does a rebate have to be disclosed to the seller?
- Are rebates taxable to me as the buyer?
