How do I qualify?
The New Jersey real estate commission has imposed rules and guidelines which must be followed in order for the buyer rebate to be legal. The first requirement is that the buyer and broker must enter into a “Rebate Agreement” at the outset of the relationship. In other words, a written agreement must be entered into before viewing homes or making offers. The Buyer will be obligated to pay any applicable taxes for the receipt of the rebate and should contact a tax professional concerning the tax implications of receiving the rebate. All parties to the transaction, including the mortgage lender, must be notified of the rebate. The rebate is not contingent on the Buyer using any services or products. The rebate will be paid as a credit to the Buyer at closing or as a check from the closing agent, reducing the commission to the Real Estate Broker
How many homes qualify?
Right now in Middlesex County over 3000 homes qualify for a buyer rebate from RE/MAX Best.
How do I get started?
Call 732 266-3366 for an appointment. We will go over the plan details, the NJ Consumer Information Statement and the properties that qualify.
Do I have to live in the house to qualify?
No, you just need to purchase. You must also meet the NJ REC guidelines.
What if I am already under contract?
Sorry, if you are under contract you are not eligible.
Can I buy more than 1 house?
Yes, and the more you buy the higher rebate you may qualify for.
Where can I get more information?
New Jersey Real Estate Commission
