NYC Broker Commission Rebate Archives

Broker commission rebates are legal in NYC and New York State according to Section 442 of the New York Real Property Law, Article 12-A.

Are NYC Broker Commission Rebates Legal?

By Sonja Gosine, Spokesperson at Hauseit® / September 3, 2020

Broker commission rebates are legal in New York State according to Section 442 of the New York Real Property Law, Article 12-A. The legality of buyer agent commission rebates is also affirmed on the New York Department of State, Division [...]

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How do you find a great buyer's agent in NYC? What are the most important criteria for evaluating a buyer's broker? Will your broker offer you a rebate?

How to Find a Great Buyer’s Agent in NYC

By Sonja Gosine, Spokesperson at Hauseit® / November 11, 2019

Finding a buyer’s agent in NYC is the easiest part of your home search. You’ll be bombarded with requests from buyer's brokers the moment you start your search online and begin attending open houses. However, finding an experienced buyer's agent

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Hiring a buyer’s broker in NYC and requesting a NYC commission rebate from your buyer's broker is the most important first step when buying in NYC.

Should You Hire a Buyer’s Broker in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / March 31, 2017

Hiring a buyer’s broker in NYC and requesting a NYC buyer agent commission rebate is the most important first step when buying a property in New York City. Sellers in NYC have agreed to pay the same total commission whether

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What does a sample buyer rebate agreement look like for NYC home buyers? Is there any exclusivity involved? When does payment occur?

Sample Buyer Rebate Agreement for NYC Home Buyers

By Sonja Gosine, Spokesperson at Hauseit® / February 14, 2017

How long is the term of a standard buyer rebate agreement in NYC? Is there any exclusivity required? When will I get paid my split of the commission? Do I have to work exclusively with someone if I sign a buyer

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Buyer broker commission rebates in NYC are not considered to be taxable income. Buyer agent rebates in NYC are fully legal and not taxable.

Are Buyer Broker Commission Rebates Taxable in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / December 26, 2016

Buyer broker commission rebates are legal in New York (and NYC) and generally considered to be non-taxable Income. As a result, most buyer agents in NYC will not issue a 1099 IRS form in conjunction with a buyer broker commission

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Are Real Estate Agent Commissions Negotiable in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / June 19, 2016

Before the advent of the Agent Assisted FSBO and 1% for Full Service listing options, the answer to are real estate agent commissions negotiable in NYC would most certainly have been no. So, why aren’t real estate agent commissions more

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