- Subject to the terms and conditions outlined above, the buyer rebate will be calculated as follows: 0.6% of the home purchase price if eligible.
- By agreeing to be connected with a real estate agent through Blend Realty, you acknowledge and agree to these Rebate Terms and Conditions. Blend Realty may update or modify these Rebate Terms and Conditions in its discretion.
Rebate Terms and Conditions
Effective Date: May 10, 2021
The rebate amount is not guaranteed. Lender approval is required. In some circumstances your lender may not allow you to receive a rebate or may restrict the amount of rebate that Blend Brokerage, Inc. dba Blend Realty (“Blend Realty”) or its network agents can provide. As a result, Blend Realty recommends that you discuss the anticipated receipt of the rebate with your lender. Unless previously agreed to in writing, the rebate will only be issued to the person(s) and/or entity who is the primary applicant for this online mortgage application, subject to verification that they are listed on the recorded deed transferring ownership of the subject real property, regardless of whether such persons or entity are the buyer. Subject to the limitations stated herein and where allowed, the rebate will be provided at or after closing. The rebate amount is subject to adjustment or cancellation: (a) if the commission received by Blend Realty or its network agents is less than the rebate calculated based on the below Rebate Calculation, (b) if the rebate is either disclosed inaccurately or not disclosed on the Closing Disclosure or HUD-1, (c) if the commission amount provided to Blend Realty or its network agents changes after the acceptance of these terms and conditions or must be shared with additional parties, (d) if the subject property is purchased as a short sale, or (e) if Blend Realty or its network agents are prohibited from distributing the rebate or any portion thereof.
- You must utilize a Blend Realty agent or Blend Realty network agent to complete your real estate purchase transaction.
- The buyer’s agent commission must be greater than 2.0% of the purchase price.
- The property purchased must be in an eligible state. This rebate offer is not available where prohibited by state law. The following states are not eligible: Alaska, Alabama, Iowa, Kansas, Louisiana, Michigan, Missouri, Mississippi, Oklahoma, Oregon, and Tennessee.
- The real estate purchase transaction must be completed within two (2) years from the time you accept these terms and conditions. This offer is valid only on the initial purchase transaction.
- If applicable, you must provide your Social Security Number for use in filing a 1099 Form with the Internal Revenue Service concerning the payment of the Rebate.
- Blend Realty or the Blend Realty network agent must receive a copy of your HUD-1 or Closing Disclosure (as applicable), evidencing the final terms of the transaction. You must provide a release in order for this information to be disclosed to Blend Realty or the Blend Realty network agent.