REALTOR REBATE – NACA APPROVED??!?

Home Forums Purchase Program REALTOR REBATE – NACA APPROVED??!?

This topic contains 3 replies, has 3 voices, and was last updated by  TTrumble 7 months ago.

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  • #37030

    Hi all,

    I live in Texas where Realtor Rebates are legal. Yes, LEGAL! For those that don’t know what a realtor rebate is, it is when the buyer’s agent rebate the buyer a portion of their 3% commission after closing on a home.

    Has anyone actually had a Realtor Rebate with NACA? Does CitiBank approve of such?

    My MC is new and has never even heard of it. I’m qualified and my current realtor is NOT the business so I plan to contact RED to replace her once I get the answer to this golden question!!

    Any clarification is greatly appreciated!

    #37031

    MjR719
    Participant

    I’ve never heard of that. But why would the Realtor give anything back? They worked for that. It’s like giving you a portion of their salary. Sounds really odd.

    #37032

    It’s an incentive in a competitive market. Google.

    #37054

    TTrumble
    Member

    Hello HoustonNacaProud,

    I have to check into it to be certain, but I don’t think it’s going to be allowable with the NACA program. I’ll let you know when I find out for sure.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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