Frequently asked questions
A buyer commission rebate is when your agent gives you a portion of their commission at closing. It is usually used by buyers to pay closing costs and prepays. You can learn more about it here.
In a traditional home sale, the seller pays the buyers agent’s commission for bringing the buyer. In Colorado, this is typically 2.8% percent of the sales price although it can vary. By working with EZ Agents, you will receive a realtor commission rebate of 50% of the commission we receive from the seller. Feel free to use our savings calculator to get an idea of what your specific rebate would be based on your price point.
No. Since you receive your rebate as a credit at closing it is not considered taxable income.
We offer our buyers a rebate for numerous reasons.
- The commission structure is outdated. Despite the explosion of the internet, giving buyers more access to information listings, the commissions agents are paid has not changed. We believe this is wrong and that buyers, particularly ones that like to do some of their own legwork in finding the home, should have another option.
- It helps us acquire clients. Rather than pay “lead generation” companies that sell your info to us, we offer the rebate directly to you, cutting out the middleman.
- We have very low internal costs and can pass the savings along to you. Many brokerages have very high costs internally when it comes to closing costs, office fees, brokerage splits, etc. that eat into an agents commissions. Although we do have some internal costs they are very low and we do not pass those along to our buyers. All our brokerage fees come out of our 50%. Our buyers do not pay any transaction fees or anything along those lines.
The rebate you receive is applied at closing on your settlement statement. If you are using a lender, then the lender usually takes the rebate and uses it to pay closing costs and prepaid items that you would normally have to pay out of pocket. Some examples of these fees include loan origination fees, property taxes, title fees, etc. Many buyers also choose to use the rebate to buy down points on their mortgage, getting them a lower interest rate and a lower monthly payment – saving them tens of thousands of dollars over the life of a loan.
Absolutely. We are happy to help our clients with both sides of the transaction when they need to sell as well. We offer discounted listing commissions and may even be able to sell your home for free if you are also buying.
If you choose to work with EZ Agents you will work directly with Steve Novak, Colorado’s top rebate Realtor, from the initial call all the way through closing.
In closed real estate transactions
Saved per buyer on average
Send me listings
Ready to start searching for homes? Let us know where and what you're looking for and start receiving listings direct from the MLS keeping you up to date with the newest listings.