Sale and Purchase resulted in $30,000 real estate commission rebate for our client
Our client from Hawaii who listed his town home in Culver City for sale with 1% listing agent commission successfully closed the sale at $505,000 realizing transaction savings cost of $15,000 consisting of commission savings of $12,625 and $2500 savings from Bayside Escrow who gives our clients a flat $500 fee on escrow services.
Upon closing this deal and learning about our Realtor Commission rebate, we assisted him in purchasing a beautiful condominium in the heart San Francisco at 170 King St.
Upon closing this transaction he received a realtor’s commission rebate in amount of $15,000. This rebate was done in escrow and as a result did not trigger any tax consequences or 1099 forms issued to the seller.
Altogether this client realized savings of $30,000 and referred us another client from Hawaii who listed the condominium on Larrabee St in West Hollywood