Let's say the total commission is 5% of the property's purchase price.
The listing broker keeps 2.5% and the buying broker gets 2.5%.
I will split the 2.5% commission with you. You receive a rebate of 1.25%.
A rebate for a home purchased for $800,000 could equal $10,000 (or more) to you at the closing!
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Consult a tax professional concerning any tax implications of receiving the buyer rebate in NJ. It is the purchaser's obligation to pay any applicable taxes.