SELLERS BUYERS
Why should I choose a Valu-net REALTOR® to represent me as a buyer’s agent?
How do I qualify for a rebate?
When do I get my rebate?
Will I ever have to pay a fee for representation?
What is Limited or Dual Agency?
- Why should I choose a Valu-net REALTOR® to represent me as a buyer’s agent?
Valu-net REALTORS® are committed to providing every client with the highest level of personal service. We will take the time necessary to give you the individual attention you demand to meet your real estate goals. We pride ourselves in providing superior service while adhering to the highest ethical standards. But we also offer something beyond what’s available from our competition. And that is the opportunity to earn a rebate on the purchase price of your home. At Valu-net Realty we reward the “sophisticated” Buyers who know how to search the listings, take the time to do their own “drive-bys” of interesting properties, and then narrow their search down to a handful of homes they want to be shown. We reward these buyers with a rebate of up to 50% of the Buyer Broker share of the REALTOR® commission. This typically amounts to approximately 1 ½% of the purchase price of the home. On a typical $175,000 home this would amount to $2,625.00! That’s $2,625.00 available to you at closing. Use it as part of your down payment, towards closing costs, or to make repairs or improvements before you move in… it’s completely up to you!
back to top - How do I qualify for a rebate?
There are two factors that determine how much, if any, rebate you may receive. The first criteria in determining your rebate is the property you ultimately select. The amount of the Buyer Broker Commission available on that property and the ultimate purchase price will determine the Base Amount for figuring your rebate. Valu-net Realty’s minimum fee for representing a buyer is $1,250.00. If the Base Amount for the home you’re purchasing does not exceed $1,250.00 then no rebate will be available. All rebates when applied to the Base Amount are limited by this $1,250.00 minimum fee. Next in determining your rebate is the amount of homes you were shown by your Valu-net REALTOR® . To qualify for the full 50% rebate, the total number of homes shown must be 5 or fewer. Each additional home that is shown reduces the eligible rebate by $100.
back to top - When do I get my rebate?
Your rebate is available to you at closing.
back to top - Will I ever have to pay a fee for representation?
There is a possibility, although very remote. Valu-net Realty’s minimum fee for representing a buyer is $1,250.00. If you ultimately select a property that does not offer a Buyer Broker Commission that is equal to or greater than that amount then you will be responsible for the balance. All properties that are listed in the MLS must offer a Buyer Broker Commission. While the MLS does not set any minimums, most commissions are generally in the 2 ½% to 3 ½% range which typically provide for Base Amounts well over our minimum. Also, there may be some Valu-net Realty listings where the seller does not permit limited or dual agency – where permission is granted by the seller for Valu-net REALTORS® to represent the buyer of their property. In this situation you may be directed to seek buyer representation elsewhere. Or, if the seller permits, we will provide you with representation but at your own expense.
back to top - What is Limited or Dual Agency?
Occasionally, the same broker or agent that represents the seller will also represent the buyer of that seller’s property. This arrangement also occurs when brokers or agents from the same firm each represent the seller and the buyer in the same transaction. In Indiana, this may only occur if both the seller and buyer permit such a relationship in writing prior to its occurrence. In this type of agency the broker or agent has agency duties to both seller and buyer which may be different or even adverse. If limited agency arises, the broker or agent shall not disclose the following without the informed consent, in writing, of both Seller and Buyer: (a) Any material or confidential information, except adverse material facts or risks actually known by broker or agent concerning the physical condition of the property and facts required by statute, rule, or regulation to be disclosed and that could not be discovered by a reasonable and timely inspection of the property by the parties, (b) That a buyer will pay more than the offered purchase price for the property, (c) That seller will accept less than the listed price for the property, (d) Other terms that would create a contractual advantage for one party over another party, (e) What motivates a party to buy or sell the property. In a limited agency situation, the parties agree that there will be no imputation of knowledge or information between any party and the limited agent or among other licensees.
back to top