RebateEquity Rewards

Residents Earn Cash Back with RebateEquity Rewards How the RebateEquity Program Works RebateEquity Guidelines Terms and Restrictions

Residents Earn Cash Back with RebateEquity Rewards

Our RebateEquity Program is designed to assist our residents with the transition to home ownership. The assistance we offer is two fold: First, you have access to full-service representation by state licensed real estate associates who have the necessary experience in your area. Secondly, as a valued customer, you will receive RebateEquity at the closing of your new home. This rebate comes from the commission paid to RebateRentals.com Realty, Inc. from the seller or the builder.

Residents that are planning to make a purchase decision can earn RebateEquity worth approximately 10% to 25% of the average base monthly rental payment. Your actual percentage varies by market, length of residency, and base lease amount. Your RebateEquity is redeemable toward the purchase of a new home built by any of our participating builders in Florida or the purchase of a resale from our participating real estate broker network.

Approximately 60 days before your search to purchase a home, visit one of our offices or contact your RebateConsultant to find out how much RebateEquity you have earned to date and prepare your RebateEquity Certificate for your reference. Ask your RebateConsultant to provide you with a market survey of what is for sale in your indicated price range. As a licensed real estate agent, your RebateConsultant will go over a number of options to consider during the research phase of your home purchase.

How the RebateEquity Program Works

When a seller contracts with a listing broker to help sell their home, they negotiate the amount of the commission the seller will pay to both the listing broker and the buyers' broker. For new home builders, a certain amount of marketing dollars are set aside to compensation buyer's brokers for the time and expense of consulting new home buyers through the lengthy home buying process.

The amount of the Rebate is affected by the commission rate, if any, paid to RebateRentals.com Realty, Inc. by a given new home builder and/or listing broker.

The rebate offered is dependent on the actual lease term served; with a minimum and maximum rebate range predicated on the length of a successful lease and the total commission earned, if any, that Rebate Rentals.com Realty, Inc. actually receives from a given new home builder and/or listing broker in connection with a purchase.

For example, if a seller agrees to pay a negotiated commission of 5.5% on a $250,000 home, the total sales commission in this example would be $13,750. If the commission is to be distributed evenly between the listing broker and Rebate Rentals.com Realty, Inc. as your buyer's broker, our earned commission would be $6,875.

From our earned broker commission of $6,875, you would be entitled to as much as 25% to 75% of our commission depending on the length of your lease term.

As depicted in the rebate calculator, a 24 month lease term qualifies for a 74% rebate on our earned commission whereby your RebateEquity Rewards would be $5,088 and equates to a RebateEquity contribution of $211.98 per month. With a typical rental range from $850 to $2,100 per month, this equates to a rebate percentage of approximately 10% to 25% of your monthly rent over a two year lease period.

There is no maximum sales price against our indicated rebate percentage. If the seller pays us a commission, we will rebate at least 25% to as much as 75% of that amount back to you as our valued customer.

Now that's putting your "Rent To Work".

As a valued RebateResident, your RebateEquity may be applied to the purchase price, additional options and upgrades, credit toward closing costs, or simply cash back after closing as promulgated by state law.

RebateEquity Guidelines

For RebateRentals.com Realty, Inc. to receive a broker commission - and for you to receive RebateEquity – it should be made clear that RebateRentals.com Realty, Inc. is representing you as your broker. The following steps will help us assist you with your RebateEquity Rewards.

• Print your RebateEquity Certificate or visit your RebateConsultant to have one prepared before going to a new home builder model, listing appointment, or open house.
• Provide your RebateEquity Certificate to the selling agent representing the seller or builder and inform him or her that RebateRentals.com Realty Inc. is your broker.
• Contact your RebateConsultant to schedule appointments to see homes that are on your interest list. It is important to note that an Agent or his or her broker may charge a showing fee on a per house basis. This fee can typically range from $50 to $100 per home showing. Note this fee would be off-set from the customer's RebateEquity balance which is derived from the Broker's actual commission earned.
• When you are ready to make an offer, leverage your RebateConsultant's knowledge to assist you with constructing the offer and to present it to the seller's broker.
• Please note that we cannot represent you in the purchase of a property if you have previously agreed to work with another broker on a specific home purchase.
• We prefer to present your rebate as a credit at the closing table. Note, that in some states, the rebate must be taken as a closing credit.
• If you elect or it is required by the seller to receive your rebate check outside of the closing table, we will issue you a rebate check within ten business days after closing. This option is available only in those states deemed permissible by law.
• Please note that RebateEquity terms are subject to change.
• RebateEquity is not a rent reduction program nor should be interpreted as such. RebateEquity earned does not represent a savings plan or rebate on rent paid.
• This program represents a real estate broker rebate against commission earned that can only be applied toward the purchase of a new home built by a participating builder or the purchase of a resale of an existing home represented by a participating listing broker.
• See program Terms and Restrictions below for more information.

Terms and Restrictions

• Every resident is automatically eligible to participate in the program.
• Enrollment is free - there are no resident enrollment fees.
• No minimum length of residency is required.
• As promulgated by state statue, we will ask that you review and acknowledge by signature the "Information About Brokerage Services" disclosure.
• Roommates can earn the same RebateEquity as a single occupant so long as each enter into a separate purchase agreement and whereby RebateRentals.com Realty, Inc. is compensated as a procuring broker.
• RebateEquity will transfer with the resident and continue to accrue if you move to any RebateRentals.com Realty Inc. community in our network as long as there is no more than 120 days' lapse between lease dates.
• RebateEquity rewards cannot be transferred to another individual.
• Residents must be in good standing. Residents must be current with their financial obligations to RebateRentals.com Realty Inc. and must follow the proper procedures and covenants for terminating their lease, whether it is at lease-end or mid-lease.
• RebateEquity Rewards can be used in conjunction with other Participating Builder offers.
• Residents cannot use the services of another real estate broker or they will be ineligible to participate in the Program.
• Our RebateEquity Certificate must be given to Participating Builder prior to signing the purchase agreement for your new home.
• Resident stops earning RebateEquity Rewards once a purchase agreement is signed.
• Once the purchase agreement is signed, no additional RebateEquity Rewards can be accrued or added to the purchase.
• A resident can only redeem one RebateEquity Certificate per home purchase.
• RebateEquity must be used within 120 days from the date that a resident moves out of a RebateRentals.com Realty Inc. rental.
• The amount of the Rebate is affected by the commission rate, if any, paid to Rebate Rentals.com Realty, Inc. by a given new home builder and/or listing broker.
• The rebate offered will be between 25% to 75% of the total commission earned, if any, that Rebate Rentals.com Realty, Inc. actually receives from a given new home builder and/or listing broker in connection with a purchase.
• RebateRentals.com Realty Inc. makes no representations or warranties with respect to the actions of any participating builder or listing broker, nor the quality of home purchased by either entity.
• The RebateEquity Rewards program may be changed or canceled at any time without notice.
• The RebateEquity Rewards program is void where prohibited by law or if prohibited by the buyer's lender(s).
• In some states, the rebate must be taken as a closing credit.
• Participating Builders, accrual percentages and maximum discount percentages vary by market. Consult your leasing agent for information about the program in your area.
• Your rebate may have tax implications. It is advised to consult with a tax advisor regarding your rebate benefit. To the extent, if any, that RebateRentals.com Realty, Inc. determines that the filing of any tax form (including Form 1099 or other information return) is necessary or prudent in connection with your rebate benefit, RebateRentals.com Realty, Inc. reserves the right to make such filing.
• Rebate void where prohibited by law, and subject to terms and conditions.