NJ Home Buyer Rebate: How it works

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In New Jersey we are only allowed to share the buyer's broker's commission with the buyer.


Here is an example of how the NJ Home Buyer Rebate works:

 

The total commission is 5% of the property's purchase price.

The listing broker keeps 2.5% and NJ Real Estate Boutique llc keeps 2.5%.

NJ Real Estate Boutique llc then splits the 2.5% commission with the buyer, which is called the NJ Home Buyer Rebate. You may receive a rebate of 1.25%* and NJ Real Estate Boutique keeps 1.25%.


Buyer's broker's commission can range from 2% to 3% but we have seen as high as 4%.


Find out more about the NJ Home Buyer Rebate


*The NJ Home Buyer Rebate is subject to change depending on how many properties are shown.