What is the Homebuyer Rewards Program?
It is a consumer program through which an eligible buyer who closes with a participating real estate professional may receive 25% of the commission actually received by the participating brokerage, up to $20,000, subject to the transaction and program requirements.
How is my potential reward calculated?
The calculation uses compensation actually received by the participating brokerage—not an assumed percentage of the purchase price. The final reward is limited to $20,000 and may be reduced or unavailable based on compensation, law, lender requirements, brokerage policy, closing instructions, or changes to the transaction.
Why do I have to submit a property?
Compensation can vary by listing, builder, market, negotiation, buyer agreement, and transaction. The address or listing information allows the participating professional to investigate the actual opportunity instead of relying on a generic estimate.
Do I have to search for homes on this website?
No. Search wherever you prefer. When you find a home, send the address or listing link through the property reward request.
Can I participate if I already have a real estate agent?
Existing representation agreements and agency relationships must be honored. Submit the facts accurately. The program will not encourage interference with another professional’s valid agreement.
Can I use the program for new construction?
Potentially, but contact the program before visiting or registering with the builder. Builders often use registration and procuring-cause rules that can limit whether an outside agent may represent you or receive compensation.
How is the reward applied?
The approved Homebuyer Reward is intended to be applied first as a disclosed credit toward eligible closing costs, prepaid items, or other amounts permitted by the lender and settlement agent. The credit and the party providing it must be disclosed on the applicable closing documents when required. If the approved reward exceeds the amount permitted at closing, any remaining amount may be delivered after closing only when permitted by applicable law, lender and investor requirements, settlement procedures, brokerage policy, and the written program terms. The program does not promise an undisclosed side payment or guarantee that an amount exceeding permitted closing credits will be available. Any amount that cannot legally or contractually be delivered may be reduced or unavailable.When is the reward finalized?
The reward is finalized only after a successful closing and confirmation of the eligible commission received by the participating brokerage. The amount applied at closing must be disclosed on the appropriate settlement documents. Any permitted remaining amount is processed only under the applicable legal, lender, settlement, brokerage, and written program requirements.
Is the reward guaranteed?
No. A request, estimate, or initial eligibility indication is not a guarantee. Final eligibility requires a successful transaction and satisfaction of all disclosed conditions.
Does the reward change the service I receive?
It should not change the duties and services stated in your written buyer agreement. Review that agreement carefully and discuss services, compensation, and availability with the participating agent before signing.
Does the website provide mortgage, legal, tax, or investment advice?
No. Calculators and guides are educational. A lender, loan officer, attorney, tax professional, insurance professional, or other qualified adviser should address decisions within their field.
Does making extra mortgage payments reduce my interest rate?
No. Extra principal payments reduce the balance sooner and may reduce total interest, but they do not change the contractual rate. The calculator’s “interest-cost equivalent rate” is a comparison metric, not a new rate.
Can property-tax data be wrong?
Yes. Public records can be delayed, and taxes may change after a transfer, reassessment, exemption change, new construction, millage change, or special assessment. Confirm the expected post-purchase amount with the relevant tax authority and lender.
How is my information used?
Information is used to respond to requests, evaluate program eligibility, connect buyers with participating professionals when appropriate, operate forms and calculators, maintain records, prevent abuse, and comply with legal obligations. Review the Privacy Policy.
How do real estate agents apply?
Licensed professionals can review the participation expectations and submit an application on the For Real Estate Agents page.