Example of unlimited services-If you buy a home for $1,000,000 and ShopProp is your buying agent and during the process, we provided you with unlimited services you would receive a rebate back of $25,005. $1,000,000 (purchase price of your home) x 3% (commission paid to the buyer’s agent)-$4995 (the most ShopProp ever takes of the commission) =$25,005 back in your pocket.
What about lower priced homes? In a situation where the commission offered by the seller is less than the commission defined in the services section, 70% of the commission that is offered by the seller will go to ShopProp and 30% will be rebated to the buyer. Example: If you buy a $100,000 home and the seller is offering a commission of 3% ($3,000) and you hit unlimited services, ShopProp will only collect 70% of the 3% commission offered by the seller. $100,000 x 3% = $3,000-$2100(ShopProp’s Fee)=$900 paid to our client. Minimum commission in $995.
Bonuses Brokerage firms can receive a bonus for buying multiple properties from a builder. An example of this might be if a firm represents 5 buyers on 5 different homes from a builder over the course of a year. The firm might, for example, receive a $1,000 bonus or an increased in commission beyond the stated commission in the MLS. Bonuses ShopProp receives are not considered part of the commission and will not be part of the rebate to buyers.
Inspectors vary from inspector to inspector and the buyer is responsible for paying for inspectors and most inspections.