Rebate Terms and Conditions

The rebate will only be issued to the referred party. If you are a buyer, in some circumstances, your lender may not allow you to receive a rebate or may restrict the amount of rebate that the real estate agent/broker can provide.  As a result, Blend Brokerage, Inc. dba Blend Realty (“Blend Realty”) recommends that you discuss the anticipated receipt of the rebate with your lender. You are not required to receive financing from the lender you are currently applying with in order to receive benefits of this program.

 

The rebate amount is subject to adjustment or cancellation if: (a) Blend Realty or its network agent/broker is prohibited from distributing the rebate or any portion thereof, (b) the transaction restricts commissions, including many new construction, “For Sale by Owner,” “For Sale by iBuyer,” and short sales, (c) the commission received by the network agent/broker is less than 1.75% of the sales price of the related home, (d) your lender, in its discretion, determines the rebate cannot be paid, or (e) Blend Realty, in its discretion, modifies these Rebate Terms and Conditions or discontinues this rebate program. Your agent can help you identify any transactions where the rebate would not be available through this program. 

 

You must use an agent introduced through Blend Realty to complete your real estate purchase or sale transaction in order to receive a rebate under this program. 

 

The real estate you purchase and/or sell must also be in an eligible state. The rebate offer is not available where prohibited by state law. Transactions in the following states are not eligible for a rebate through this program: Alaska, Alabama, Iowa, Kansas, Louisiana, Michigan, Missouri, Mississippi, Oklahoma, Oregon, and Tennessee. In New Jersey, you may receive a commission credit or seller credit at closing. 

 

Other terms and conditions may apply.  All real estate commissions are negotiable. This is not a solicitation if you are already represented by a real estate agent/broker. 

 

Rebate Amount

Subject to the terms and conditions outlined above, the rebate will be calculated as follows: 0.5% of the home price, if eligible. The total dollar amount you receive is based on the sales price of the home as reflected on the closing disclosure or ALTA settlement statement. Upon request, you must provide a release in order for your closing disclosure or ALTA statement to be disclosed to your agent/broker.

 

Affirmations

By agreeing to be connected with a real estate agent through Blend Realty, you acknowledge and agree to these Rebate Terms and Conditions and make the following affirmations: 

 

  • You are a buyer or seller being represented only by the Blend Realty network agent you are matched with and no other licensed real estate professional. 
  • You will notify all parties to the transaction, including your lender if you are a buyer, of any rebate you expect to receive. 
  • You have had the opportunity to consult with a tax professional about rebate tax liability. 
  • You understand that the rebate is not contingent upon the use of other services or products being offered by Blend Realty or any of its affiliates.

 

Blend Realty may update or modify these Rebate Terms and Conditions in its discretion.