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Save $20K or More Without Risking Your Home Purchase

Buyer agent commission rebates in NYC have existed for years, so why aren’t they more common? That’s because traditional listing agents are reluctant to split commission with buyer agents who openly offer rebates. After all, what’s the point of receiving a rebate if it harms your leverage in a negotiation and offends the seller and listing agent?

How does one safely and discreetly receive a buyer agent commission rebate in New York City? Requesting a Hauseit Buyer Rebate is the only way to safely save money and reduce your buyer closing costs. That’s because Hauseit’s brand name partner brokers never openly discount and have excellent working relationships with the real estate community.

Best Rebate Guarantee

You’ll always get the best deal through Hauseit, we guarantee it. If you find a better deal elsewhere, we’ll match it. Plus, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

Save $20K or More Without Risking Your Home Purchase

Buyer agent commission rebates in NYC have existed for years, so why aren’t they more common? That’s because traditional listing agents are reluctant to split commission with buyer agents who openly offer rebates. After all, what’s the point of receiving a rebate if it harms your leverage in a negotiation and offends the seller and listing agent?

How does one safely and discreetly receive a buyer agent commission rebate in New York City?

Requesting a Hauseit Buyer Rebate is the only way to safely save money and reduce your buyer closing costs. That’s because Hauseit’s brand name partner brokers never openly discount and have excellent working relationships with the real estate community.

Best Rebate Guarantee

You’ll always get the best deal through Hauseit, we guarantee it. If you find a better deal elsewhere, we’ll match it. Plus, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

Why Request a Buyer Agent Commission Rebate Through Hauseit?

Discretion Matters

Hauseit Buyer Rebates are discreet, which means you don’t have to worry about the listing agent or seller treating you differently because they know you are receiving a rebate.

Quality Matters

Hauseit’s partner brokers are among the most experienced, professional and highly rated real estate brokers in New York City. Why risk your deal by working with an amateur?

Reputation Matters

Hauseit is NYC’s largest and most trusted Buyer Agent Commission Rebate and FSBO company. Google ‘Hauseit Reviews’ to see what customers are saying about us.

Learn More About Buyer Agent Commission Rebates in NYC:

Tired of dealing with sketchy rebate brokers?

Save $20,000 or more when you buy with a discreet commission rebate provided by New York’s most experienced, brand name real estate buyer’s brokers! Work with the best for less!

How do commission rebates work in New York City?

Broker commission rebates are an effective way to save money because of NYC’s antiquated commission structure for sellers. Sellers in NYC pay 100% of all real estate commissions. Furthermore, sellers typically agree to pay a fixed commission amount (6%) which remains the same even if a buyer does not have a buyer’s agent.

There is no way for a seller to avoid paying the commission, and the seller usually does not save any money if a buyer is unrepresented. Therefore, the only way for a buyer to extract this built-in commission bill from the sale price is to request a Hauseit Buyer Rebate.

Here is how a Buyer Agent Commission Rebate Works in NYC:

The seller pays 6% commission which is split equally between the listing agent (3%) and your buyer’s agent (3%). If the total commission bill is less than 6%, your buyer’s agent will still receive half of the total commission.

Your buyer’s agent will rebate you back a portion of the 3% commission paid to him or her on the deal, thereby reducing your buyer closing costs and saving you thousands on your purchase.

If you are unrepresented, the seller will still pay the same 6% commission (and all of it will go to the listing agent, meaning they are double paid at your expense)!

Here is how a Buyer Agent Commission Rebate Works in NYC:

The seller pays 6% commission which is split equally between the listing agent (3%) and your buyer’s agent (3%). If the total commission bill is less than 6%, your buyer’s agent will still receive half of the total commission.

Your buyer’s agent will rebate you back a portion of the 3% commission paid to him or her on the deal, thereby reducing your buyer closing costs and saving you thousands on your purchase.

If you are unrepresented, the seller will still pay the same 6% commission (and all of it will go to the listing agent, meaning they are double paid at your expense)!

Reduce Your Closing Costs by Receiving a Closing Gift Rebate

Save thousands by receiving a legal (and discreet) buyer agent commission rebate from by New York’s most experienced, brand name real estate brokers. Work with a real broker.

How much can you save by requesting a rebate?

The typical Hauseit Buyer Rebate in NYC will save you $20k or more on your purchase price of your new home. Requesting a buyer agent commission rebate will also help you offset a portion of your buyer closing costs, which are especially high in New York City. If you are buying a home above $1 million, the broker commission rebate you receive will likely offset your entire Mansion Tax bill.

If you are buying new construction or a ‘sponsor unit’ from an existing building, buyer closing costs are even higher. This is because it’s customary for the buyer of sponsor units to pay the NYC and NYS Transfer Taxes (1.4-1.825%) which are usually paid by sellers for traditional resales. On the other hand, buyer closing costs are lowest for co-ops because there is no Mortgage Recording Tax payable on your loan.

Best Rebate Guarantee

You’ll always get the best deal through Hauseit, we guarantee it. If you find a better deal elsewhere, we’ll match it. Plus, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

Why request a buyer agent commission rebate?

Requesting a buyer agent commission rebate in NYC is a no-brainer because of how broker commissions are structured in NYC. Sellers sign onerous commission agreements which obligate them to pay a fixed commission (usually 6%) no matter what, even if the buyer is unrepresented. Furthermore, listing agents in NYC are required by the Real Estate Board of New York to split the total commission equally with a buyer’s agent.

NYC’s unique commission structure for sellers means that working with a buyer’s agent is free from the perspective of the buyer. Working with a buyer’s agent means that half of the total commission will be paid to the buyer’s agent. Working directly with a listing agent means that he or she will collect the entire 6% commission. The seller does not care whether or not you have a buyer’s agent because they’ve already agreed to pay a fixed commission amount at closing.

In other words, you won’t save any money by negotiating directly with a listing agent since the seller has already agreed to pay a fixed commission amount at closing. The fact that buyer agents are perceived as ‘free’ is the reason why over 75% of buyers in NYC are represented by buyer’s brokers.

Requesting a Hauseit Buyer Rebate is the most effective way to ‘extract’ some of this built-in commission and put that money back in your pocket as the buyer.

Broker Commission Rebates in NYC are also generally considered to be non-taxable, which means that your rebate can help you save dollar-for-dollar on your purchase price and closing costs.

In other words, you won’t save any money by negotiating directly with a listing agent since the seller has already agreed to pay a fixed commission amount at closing. The fact that buyer agents are perceived as ‘free’ is the reason why over 75% of buyers in NYC are represented by buyer’s brokers.

Requesting a Hauseit Buyer Rebate is the most effective way to ‘extract’ some of this built-in commission and put that money back in your pocket as the buyer.

Broker Commission Rebates in NYC are also generally considered to be non-taxable, which means that your rebate can help you save dollar-for-dollar on your purchase price and closing costs.

Reduce Your Closing Costs by Receiving a Closing Gift Rebate

Save thousands by receiving a legal (and discreet) buyer agent commission rebate from by New York’s most experienced, brand name real estate brokers. Work with a real broker.

Why is discretion important when requesting a rebate?

The average listing agent in NYC wasn’t born yesterday, and the very idea of a buyer receiving a rebate is enough to infuriate and offend most listing agents in NYC. To make matters worse, a large percentage of agents in the NYC still think that rebates are illegal. How can you expect a traditional listing agent to take your offer seriously if they know that your buyer agent is ‘disrupting the industry’ and paying you some of the listing agent’s commission at closing?

As a result of this obvious conflict of interest, discretion is the single most important factor when requesting a Buyer Agent Commission Rebate in NYC. After all, why does a rebate matter at all if you lose the deal because the listing agent decides to give more consideration and attention to a competing offer from a ‘traditional’ buyer agent who is not openly advertising rebates online?

When requesting a Hauseit Buyer Rebate, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

Tired of dealing with sketchy rebate brokers?

Save $20,000 or more when you buy with a discreet commission rebate provided by New York’s most experienced, brand name real estate buyer’s brokers! Work with the best for less!

Are broker commission rebates legal in NYC?

Buyer Broker Commission Rebates are 100% legal in NYC. The legality of rebates is enshrined in Article 12-A of New York’s Real Property Law. As the except below demonstrates, there is no limit to the amount or type of rebate being offered:

“ … nothing in this section shall prohibit a real estate broker from offering any part of a fee, commission, or other compensation received by the broker to the seller, buyer, landlord or tenant who is buying, selling, exchanging, leasing, renting or negotiating a loan upon any real estate including the resale of a condominium or cooperative apartment. Such fee, commission, or other compensation must not be made to the seller, buyer, landlord or tenant for performing any activity requiring a license under this article.”

Source: New York State Real Property Law Section 442, amended December 2014

Request NYC's largest discreet Buyer Agent Commission Rebate. A Hauseit Buyer Rebate offers you a safe way to receive a rebate and reduce your closing costs when buying in NYC. Hauseit is New York City's largest and most trusted Buyer Broker Commission Rebate company.

Are broker commission rebates legal in NYC?

Buyer Broker Commission Rebates are 100% legal in NYC. The legality of rebates is enshrined in Article 12-A of New York’s Real Property Law. As the except below demonstrates, there is no limit to the amount or type of rebate being offered:

“ … nothing in this section shall prohibit a real estate broker from offering any part of a fee, commission, or other compensation received by the broker to the seller, buyer, landlord or tenant who is buying, selling, …

Request NYC's largest discreet Buyer Agent Commission Rebate. A Hauseit Buyer Rebate offers you a safe way to receive a rebate and reduce your closing costs when buying in NYC. Hauseit is New York City's largest and most trusted Buyer Broker Commission Rebate company.

…exchanging, leasing, renting or negotiating a loan upon any real estate including the resale of a condominium or cooperative apartment. Such fee, commission, or other compensation must not be made to the seller, buyer, landlord or tenant for performing any activity requiring a license under this article.”

Source: New York State Real Property Law Section 442, amended December 2014

Reduce Your Closing Costs by Receiving a Closing Gift Rebate

Save thousands by receiving a legal (and discreet) buyer agent commission rebate from by New York’s most experienced, brand name real estate brokers. Work with a real broker.

Is a buyer agent commission rebate taxable?

Buyer Agent Commission Rebates in NYC are not generally considered to be taxable income. The IRS released a private letter ruling on the taxability of buyer agent commission rebates in 2007. The IRS letter equated broker commission rebates to automobile rebates and stated that both are considered an adjustment to the purchase price as opposed to income.

Although we encourage you to consult with your tax professional, the IRS letter above makes a compelling case to treat broker commission rebates as non-taxable income. NYC’s high average sale price means that the typical Hauseit Buyer Rebate can exceed $20k and save you a tremendous amount of money on your purchase.

Best Rebate Guarantee

You’ll always get the best deal through Hauseit, we guarantee it. If you find a better deal elsewhere, we’ll match it. Plus, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

Why should you work with a buyer’s agent in NYC?

The most important reason for working with a buyer’s agent in NYC is to secure a discreet NYC buyer broker commission rebate so you can save money on your purchase. Working with a buyer’s agent also offers you the benefit of professional representation to help you navigate through the listing search, offer submission, deal negotiation, board application and overall purchase process to ensure that you have the best chance of securing that highly sought after property.

It’s widely acknowledged that buying real estate in NYC is far more complicated than in other parts of the country. A seasoned buyer’s agent can increase the likelihood of you outmaneuvering competing buyers and obtaining co-op board approval. Since there are over 50,000 real estate agents in NYC, there is a huge variation in terms of quality. Working with an inexperienced buyer’s agent will make you stick out like a sore thumb and may actually harm your chances of closing on your dream home.

When requesting a Hauseit Buyer Rebate, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

It’s widely acknowledged that buying real estate in NYC is far more complicated than in other parts of the country. A seasoned buyer’s agent can increase the likelihood of you outmaneuvering competing buyers and obtaining co-op board approval. Since there are over 50,000 real estate agents in NYC, there is a huge variation in terms of quality. Working with an inexperienced buyer’s agent will make you stick out like a sore thumb and may actually harm your chances of closing on your dream home.

When requesting a Hauseit Buyer Rebate, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

Reduce Your Closing Costs by Receiving a Closing Gift Rebate

Save thousands by receiving a legal (and discreet) buyer agent commission rebate from by New York’s most experienced, brand name real estate brokers. Work with a real broker.

NYC Buyer Agent Commission Rebates – FAQ

How do I request a Hauseit Buyer Rebate?

To request a Hauseit Buyer Rebate, please contact us as soon as possible. You will be introduced to an affiliated buyer’s agent who will confirm the details of your commission rebate, offer advice on your home search and also explain in detail the steps for earning your buyer agent commission rebate.

There is absolutely no cost to NYC home buyers for working with a Hauseit affiliated buyer’s agent and requesting a NYC commission rebate. All commissions, including the percentage offered to a buyer’s agent, are paid by the seller and almost always contractually pre-negotiated with the listing agent from day one of placing the property on the market.

Is it too late to request a NYC Buyer Commission Rebate if I’ve already started my search?

It’s usually never too late to contact us and request a Hauseit Buyer Rebate. If you are an unrepresented buyer, you always have the right to decide whether or not you’d like to be represented by a professional buyer’s agent when pursuing a property.

With that said, if you’ve already submitted an offer on a property either as an unrepresented buyer or with another buyer’s agent, it’s too late for you to request a commission rebate through us on that particular property.

If you are already working with a buyer’s agent, we are unable to assist you and offer a NYC commission rebate unless you decided to discontinue working with your current buyer’s agent.

Am I required to sign any agreement to work with a Hauseit affiliated buyer’s agent?

You are not required to sign any form of buyer agent ‘exclusivity’ agreement in order to request a Hauseit Buyer Rebate and work with an affiliated buyer’s agent. However, you will be provided with a Buyer Agent Commission Rebate agreement which simply offers you written assurance that you will receive a Buyer Agent Commission Rebate at closing. This agreement does not obligate you to use the buyer’s agent but rather simply confirms that you will receive a rebate if you decide to use them.

Do I need to pay anything to receive a Hauseit Buyer Rebate?

As a buyer in NYC, you do not need to pay anything whatsoever to work with a buyer’s agent (and request a rebate). Sellers in NYC pay 100% of all real estate commissions, which is why working with a buyer’s agent is generally considered to be a free service. By requesting a Hauseit Buyer Rebate, you will actually be paid to work with a buyer’s broker on your purchase!

Can I search on my own but still receive a Broker Commission Rebate?

Yes, you can search for (and view) properties independently while still receiving a Hauseit Buyer Rebate. In order to ensure that you receive a rebate, please be sure to direct all questions and showing requests for properties through your buyer’s agent so that he/she may ask the listing agent on your behalf. When attending open houses on your own, you must sign in and identify that you are represented by your buyer’s agent on the sign-in sheet so it’s documented. Looping in your buyer’s agent after you’ve already reached out to the listing agent directly could create an unnecessary complication.

What types of properties qualify for a Buyer Agent Commission Rebate in NYC?

Virtually all properties in NYC quality for a Hauseit Buyer Rebate. This includes condos, co-ops, townhouses, single and multifamily homes as well as new construction properties and sponsor sales.

Are you sure that Buyer Agent Commission Rebates are legal in NYC?

Yes, NYC broker commission rebates are completely legal. Buyer’s agent commission rebates are permitted in 40 states including the State of New York. It is fully permitted by law in New York City both for an agent to offer and for a buyer to accept a commission rebate in conjunction with the purchase of residential real estate.

Ten states currently have laws that ban rebates. Nine states have a full ban on broker rebates: Alabama, Alaska, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, and Tennessee. In addition, Iowa prohibits rebates when the consumers use the services of two or more real estate brokers during a transaction.

Attorney General Eric T. Schneiderman recently issued an open letter urging participants in the New York residential real estate market to take advantage of a recent change to the State’s Real Property Law confirming that real estate agents may rebate a portion of their commissions to clients. The New York Attorney General released a letter to the New York Real Estate community urging them to take advantage of rebate commission opportunities to increase price competition and benefit consumers. A full copy of the letter may be read below:

Dear participant in New York’s real estate industry:

I am writing to alert you to a recent change in New York State’s Real Property Law that was strongly supported by my office. This law has the potential to breathe new life into competition in the residential real estate brokerage industry, to the benefit of all New Yorkers. I urge you take advantage of this law and help reinvigorate price competition among real estate brokers in New York.

In December, a statute was signed into law amending Section 442 of the New York Real Property Law to make it completely clear that it is lawful for a broker to pass through, or “rebate,” part of his or her commission to the client. This legislation arose out of an investigation by my office into competition in the residential real estate brokerage industry. My office worked together with the New York Department of State, the New York State Association of Realtors, and others in the industry to initiate the clarifying legislation.

As you know, for most residential real estate sales in New York State, including New York City, the seller’s broker is usually compensated by receiving a contractually set commission from the seller. The buyer’s broker, however, is not typically paid by the buyer; he or she instead receives a fraction (often half) of the seller’s broker’s commission. Due to this payment structure, often the best way for a buyer’s broker to compete on price is to offer to rebate part of his or her commission to the buyer. Such buyer rebates are legal in most states, including New York. But until recently, some people in the industry may have read Section 442 to suggest that this type of rebating was not permitted in New York. As of December’s legislative fix, there is no room for debate: commission rebating in New York State is legal.

Such rebating is also procompetitive and good for consumers. One reason my office helped initiate this legislative change was because we were concerned that confusion over the legality of rebating may be hindering efforts of real estate brokers to employ more innovative, consumer-friendly business models. For example, the widespread use of sophisticated real-estate search websites now allows buyer-side brokers to offer more limited-service, lower-fee models, under which clients do more of their own legwork when searching for properties. Brokers adopting such models can offer lower commissions (by rebating) and, in principle, may also be able to serve a larger number of clients.

I encourage all real estate brokers and salespersons in New York to consider enhancing the choices available to real estate buyers by offering lower commissions (by means of rebates) to some or all of your clients. I also emphasize that my office will investigate any allegations of boycotting or discrimination against brokers engaged in rebating or other lawful discounting practices. Finally, I urge consumers and other buyers of real estate in New York to take note of your right to bargain with your broker for a lower commission.

For the text of Section 442 highlighting the recent amendment, and additional information about competition in the real estate industry in New York, see my office’s Antitrust Bureau webpage at here.

Sincerely,
Eric T. Schneiderman
Attorney General
State of New York

Best Rebate Guarantee

You’ll always get the best deal through Hauseit, we guarantee it. If you find a better deal elsewhere, we’ll match it. Plus, you’ll always be paired with a trustworthy, experienced, brand name buyer’s broker who never openly discounts so you won’t jeopardize your purchase.

Disclaimer: The specific amount of your buyer agent commission rebate (broker rebate) is subject to negotiation and mutual agreement between you and the assigned broker.
Disclosure: Hauseit and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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