2.5% Real Estate commission Rebates in Houston Texas offered by Stuart B. Scholer.

Q: How do I get the minimum 2.5% New Home Rebate anywhere in Texas?

A : Stuart Scholer must be named as your Realtor BEFORE you sign a Builder's Contract. All of Stuart’s info and his Broker's info is at the bottom of the home page. And YES! You maycall the Broker if you wish to verify anything about Stuart.

Q: What exactly is this "Houston Realtor Rebate", "San Antonio Commission Sharing Rebate", "Austin Realty Rebate" or "Texas New Home Rebate"

A : In reality it is a "reduction of the cost of services" that are performed by the Buyer Agent, Stuart B. Scholer, anywhere in Texas. Because of the way the Buyer Agent compensation arrangement is executed (after closing only), the price reduction for Stuart's services has to be executed at or after closing. This results in the actual movement of funds from one hand to the other. Stuart actually receives the commission and then gives it back; either in cash and /or on paper.
On the other hand, when selling your home and dealing with a Listing Agent, the discount is agreed upon before the listing takes place. Therefore the Listing Agent lowers the commission amount up front and states the lower cost of services on the Listing Agreement before any transaction takes place. So the discounting of services in this case do not necessitate that actual monies change hands. There are no Rebates when you sell your home. Call me if you are looking for reliable Houston Discount Real Estate or New Home Builder Rebates in Houston.

Q: Why would a real estate agent give back or "share" part of their commission?

A : In some cases it might be a favor for a family member or a friend but in Stuart's case the straightforward answer is: competition. Stuart's costs are lower than most Agents... my Broker charges me a low flat fee because I am a volume producer. Also... I only look to get paid a fair price for my knowledge, experience and time. That's my business model... I stick to it. "I pursue more business. Not more commission!"

Q: Are New Home Rebates legal, permitted and/or ethical in Texas?

A : Yes It is permitted... as long as the Agent's Broker permits the practice.
Yes. It is legal… TREC and others in the industry recommend disclosure to the Lender if there is one but this is not always mandatory.
Yes. It is ethical… the practice harms no one and certainly helps the consumer. The Realtor Associations have no qualms against commission rebates either. The FTC is happy with the practice... it promotes competition and helps the consumer.

Q: May I use the New Home Rebate to pay towards closing costs?

A : Yes... IF the Lender permits. Stuart is very familiar with the process. One Note: If the Buyer does not need the closing cost contribution... other words if the Buyer has the ability to pay all costs out-of-pocket then it is much easier and simpler to receive the whole cash Rebate on the day of closing. The process of making the contribution involves, Stuart, his Broker, the Lender, the Title Company and frequently the Builder's Salesperson and their contract department. So it can get complicated. But if it is really needed to fulfill the Buyer's ability to close the transaction then everyone fully cooperates to get the deal done.

Q: May I use the Rebate to lower the purchase price of the property

A : Sometimes... but most Builders do not allow this because: 1.) for appraisal purposes they need toprotect their price point in the community where they are building and selling. 2.) It creates extra time consuming paperwork for the Builder's contract department and the Lender who has to make sure that the contract modifications will conform to the loan program. Lenders frown on the practice. I usually see more flexibility in the lower priced New Homes where FHA financing is being used and there is more NEED and tolerance for contract modifications and closing cost contributions. NOTE: All of the Builders allow and cooperate with the Realtor making a closing cost contribution to the Buyer when it is Lender permitted and necessary to get the deal done.

Q: Are Stuart Scholer's New Home Rebates ever less than 2.5% of the purchase price?

A : NO, NEVER. As long as the Agent compensation is at least 3% then the Rebate will be at least 2.5%. I have done several hundred new home transactions and until now I have never seen a New Home compensation less than 3%.

Are there any provisions in Stuart's Rebate that would disqualify or prevent a Buyer from receiving all or a portion of the Rebate?

A : NO, NEVER! If Stuart gets paid then his Client will be paid all of the Rebate promised! There are no exclusions, exceptions, excuses or eccentric reasoning.

Q: Does Stuart give his Clients an IRS 1099 for the money he pays his Clients?

A : NO. Not in any case.

Q: Is the Rebate considered income by the IRS?

A : According to IRS publications and my CPA it is not. But... in the case of an investment property the Rebate would count against the cost basis of the property. In such a case I still do not issue a 1099. Send me a note and I will send you the IRS publication. REMEMBER... I am NOT a tax professional. Please consult your tax professional.

Q: Do I have to inform the Builder that my Agent is going to give me cash back?

A : No. The Buyer Representation Agreement that you sign is a private contract between Broker and Client. Stuart suggests you do not inform them unless necessary or at least not until all negotiating is done. If there is to be a contribution of all or a portion of the rebate to help with the Buyer's closing costs then all parties will become aware of the arrangement eventually. The Builder salesperson may even ask you if your Agent is "going to make a contribution?". I suggest that you act dumb and not disclose this info to the Salesperson. Remember, the Salesperson is being paid to look after the best interests of their employer ( the Builder) and get the best price for the property. Informing of the Rebate may change your negotiating position with the Salesperson. Send me an E-mail and I will send you a PDF of my New Home Buyer Rep package. You are welcome to look it over without obligation.

Q:Should I hire my own independent inspector for my new home construction?

A : Even though the Builder has their own independent inspectors, Stuart's answer is still YES! If you want the long answer click on this link for an article on why a Texas consumer should hire their own inspector. *****LINK***** And to back up his opinion Stuart will kick in $150 (paid at closing) to help pay for that Inspection. Be sure and remind me of the $150 when your home closes!!

Inspector for my new home construction

STILL MORE QUESTIONS? Please feel free to send me a note or call me with your specific questions. I will try to answer them for you.        

Stuart B. Scholer, Realtor in Houston, Texas offers Amazing 2.5% Real Estate commission Rebates for Qualified new Home in Bridgeland, Summerwood, Cinco Ranch, Cross Creek Ranch, Oak Forest, Woodlands.