Cincinnati, OH – January 13, 2011 – (RealEstateRama) — With the help of a brand new network of empowered real estate brokers and agents, home buyers can now receive a sizeable part of the real estate broker commission similar to the side deals relocation companies have been receiving for years. Real estate brokers have long shared commissions with relo companies and out-of-state brokers that refer home buyers to their office. Now, select brokers in the EmpoweredBuyer.com network are extending the commission-sharing to a new breed of knowledgeable home buyers.
“Receiving part of the commission from their broker is essentially free money to the home buyer since the seller typically pays the commission in many, if not all, of the markets in the US.,” said Michael Vazquez, President of EmpoweredBuyer.com. “Sharing the commission with the home buyer is a win-win for the hard-working brokers and the savvy home buyer.”
With EmpoweredBuyer.com, brokers reach customers they would have otherwise missed, and buyers receive free money they typically wouldn’t have had access to.
For instance, if the sales price of a home is $300,000 and the commission paid to the buyer’s broker is 3%, the broker and buyer will split $9,000.
These educated home buyers are incentivized to know more of what they want and be ready to buy, according to Vazquez. For example, to receive 50% of the commission the home buyer should not request their broker show them more than 12 houses. However, if the broker shows the home buyer more than 12 homes the home buyer rebate amount starts decreasing, but will never fall below a minimum of a 20% rebate.
EmpoweredBuyer.com sees more home buyers wading back into the slumping home market by matching informed home buyers with real estate brokers that reward their clients.
The Dept. of Justice has been a strong proponent of making home buyer rebates legal in many of the states across the country. Broker rebates are legal in all but the following ten states: AK, AL, IA, KS, LA, MO, MS, OK, OR, and TN.
For more information, visit www.EmpoweredBuyer.com.