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For new builds, request the builder's custom paperwork early in the sales process.
KB
01/25/2025
Buying a New Build vs a Pre-Existing Property:
The process of buying a new build property can be different than buying a pre-existing property.
Sometimes, builders will require you to use their own custom paperwork (Deposit Reservation Agreements, Broker Registration Agreements, Purchase and Sales Agreements, etc.)
If you're buying a new build, ensure you understand your builder's custom paperwork and what their sales process is.
If you’re buying a new build home and the builder does not require you to use their own custom paperwork, you should be able to receive a real estate commission rebate from your agent.
Although, there are nine states that do not allow real estate commission rebates which include Alabama, Alaska, Iowa, Kansas, Mississippi, Missouri, Oklahoma, Oregon and Tennessee- so if you’re buying a property in any of these states, you will not be able to receive a real estate commission rebate.
If you’re buying a new build home and the builder does require you to use their own custom paperwork, make sure to ask for that paperwork as early in the sales process as possible.
This gives you and your agent time to review the paperwork and see if there are any restrictions from your agent being able to rebate their commission back to you.
There could be myriad of reasons why a builder may not allow your own agent to rebate you their commission. Here are a few examples:
If you’re considering buying a new build home and plan to receive a commission rebate from your agent, make sure you speak with the builder about this as early in the sales process as possible.
If you’re interested in receiving a large commission rebate, check out Joy, where we rebate 70% of our commission back to buyers!
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