The Cash Back Rebate is available only to buyers
who close escrow/proceed to final settlement with Michael Smith acting as
their sole and exclusive buyer's agent in the purchase of real estate.
The Buyer Brokerage Agreement and Cash Back Rebate
Program Terms and Conditions must be completed, signed and returned
before any rebate will be issued.
The 1% cash back rebate is conditional on selling
broker receiving a minimum of 3% commission on the purchase of the home.
If commission received is 2.5% or greater but less than 3% of sales
price, then a ½% rebate
applies. No cash back rebates are offered on home purchases offering less
than 2.5% commission.
In the event that a referral fee or commission must
be paid on the sale of a property reducing the amount of commission
received, the rebate would be reduced by the amount of the referral fee
The Cash Back Rebate is only available on homes
purchased in the State of Georgia.
No rebate is offered on properties where the
commission is paid on a net sales price of $150,000 or less.
- The Cash
Back Rebate must be fully disclosed to the buyer's lender(s) and can not be given if it is otherwise prohibited
by the buyer's lender(s). It is your responsibility to verify that
your lender(s) will allow you to receive a rebate.
Cash Back Rebate recipients may be required to sign
an IRS form documenting the rebate. Recipients will be responsible for
any applicable taxes on the rebate. If you need legal or tax advice, you
should consult with the appropriate professional.
The Cash Back Rebate will be paid only to the party
or parties named as the "buyer(s)" or "borrower(s)"
on the HUD-1 Closing Statement or equivalent official closing statement
and cannot be disbursed to a third party.
Michael Smith is able to offer a Cash Back Rebate
to homeowners that assist in the search for their own home and thereby
reduce the costs incurred in purchasing a home. In order for the buyer to
be eligible for the cash back rebate, Michael Smith will not show more
than 15 homes. For every home over 15 shown to buyer by Michael Smith,
the 1% cash back rebate will be reduced by 5%. After 25 or more home
showings the buyer will not be eligible to receive a rebate. Buyers can
search for and view an unlimited amount of homes online to narrow down
the list of homes they wish to be shown.
Michael Smith will be unable to assist in the
showing of homes outside of the Metro Atlanta, GA area. Rebates may still
apply to homes purchased in other areas of Georgia. Contact Michael Smith
for complete details.
Buyer Brokerage Agreement must be for a minimum of
Rebate check will be mailed within 10 business days
The Cash Back Rebate Program is subject to
conditions, limitations, exclusions, modifications, and/or
discontinuation without notice.
The Cash Back Rebate
program is exclusive to Michael Smith and is not offered by other
agents of Chapman Hall, REALTORS.