FLAT FEE OPTIONS

*The Real Estate Cafe will collect a 2% – 3.5% buyer agency fee from the proceeds of that transaction at closing for all the options below. 

Option 1: 

$5,000 fee / $1,000 donation  / 100% rebate

    • Limited availability: Client must own property, not currently for sale, with at least $5,500 equity
    • Rebate:  100%.  Any Buyer Agent fee collected will be rebated to Client, subject to conditions below
    • Line of credit: Client agrees to sign $5,000 line of credit from Rate1Mortgage.com before services are rendered
    • Retainer:  $500 retainer is paid from line of credit before services rendered
    • Hourly rate:  Covers first 40 hours (effective rate of $125 per hour)
    • Payment policy:  TREC draws $500 per month from line of credit, or hours worked whichever higher
    • Additional hours:  Beyond 40 hours, hours are billed at $125 per hour
    • Minimum fee:  $5,000 regardless of whether 40 hours are worked
    • FSBO fees:  $5,000 regardless of whether 40 hours are worked
    • Closing cost repayment:
      • TREC will request a $5,500 closing cost credit from the seller in any offer submitted so the Client may repay the line of credit and receive a 100% buyer agency fee rebate.
      • If seller rejects some or all of the closing cost credit, TREC may reduce the rebate by up to $5,500 to repay the line of credit and any interest.
    • Performance bonus:  None
    • Minimum donation:  Regardless of rebate size, Client must distribute a minimum donation of $1,000 to one or more non-profit organizations participating in the ASAP:  AIDS Shelter Alliance Partnership.

 

Option 2:

$3,000 fee plus performance bonus / $1,000 donation  / 100% rebate less bonus

    • Limited availability: Client must own property, not currently for sale, with at least $3,300 equity
    • Rebate:  100% less performance bonus.  Any Buyer Agent fee collected will be rebated to Client subject to conditions below
    • Line of credit: Client agrees to sign $3,000 line of credit from Rate1Mortgage.com before services are rendered
    • Retainer:  $500 retainer is paid from line of credit before services rendered
    • Hourly rate:  Line of credit covers first 40 hours (effective rate of $75 per hour)
    • Payment policy:  TREC draws $500 per month from line of credit, or hours worked whichever higher
    • Additional hours:  Beyond 40 hours, hours are billed at $100 per hour
    • Minimum fee:  $3,000 regardless of whether 40 hours are worked
    • FSBO fees:  $3,000 regardless of whether 40 hours are worked
    • Closing cost repayment:
      • TREC will request a $3,300 closing cost credit from the seller in any offer submitted so the Client may repay the line of credit and receive a 100% buyer agency fee rebate.
      • If seller rejects some or all of the closing cost credit, TREC may reduce the rebate by up to $3,300 to repay the line of credit and any interest.
    • Performance bonus: Pre-negotiated based on savings not to exceed 2% of sales price, will reduce rebate from commission
    • Minimum donation: Regardless of rebate size, Client must distribute a minimum donation of $1,000 to one or more non-profit organizations participating in the ASAP:  AIDS Shelter Alliance Partnership.

 

Option 3:

$3,000 retainer plus bonus / $1,000 donation  / 100% rebate less bonus

    • Limited availability:
      • TREC may limit the number of clients using this payment option at anytime without notice.
      • Not available on properties originally asking over $1 million
    • Rebate:  100% less performance bonus.  Any Buyer Agent fee collected will be rebated to Client, subject to conditions below
    • Retainer:  $3,000 prepaid by buyer
    • Hourly rate:  Covers first 40 hours (effective rate of $75 per hour)
    • Additional hours:  Beyond 40 hours, hours are billed at $125 per hour
    • Minimum fee:  $3,000 regardless of whether 40 hours are worked
    • FSBO fees:  $3,000 regardless of whether 40 hours are worked
    • Performance bonus: Pre-negotiated based on savings not to exceed 1% of sales price, will reduce rebate from commission
    • Minimum donation: Regardless of rebate size, Client must distribute a minimum donation of $1,000 to one or more non-profit organizations participating in the ASAP:  AIDS Shelter Alliance Partnership.

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