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Rebate not available in New Jersey and Oregon. 5% standard rebate available in Minneapolis, MN and Austin, TX.
* Rebate is available only to buyers who close escrow/proceed to final settlement with ZipRealty acting as their sole and exclusive agent in the purchase of real estate. For homes with a final sales price of $100,000.00 or more, the rebate is twenty percent (20%), or five percent (5%) as applicable, of the cooperating broker commission actually received by ZipRealty at the close of escrow/settlement for representing the buyer net of any allowances or other deductions by ZipRealty related to the transaction. The amount of the cooperating broker commission received will vary on individual properties. Occasionally, the seller and/or listing broker in a transaction will offer the broker representing the buyer a bonus or other additional incentive over and above the cooperating brokerage commission. Any such bonuses or other additional incentives are separate and apart from the cooperating brokerage commission actually received by ZipRealty and buyer is not entitled to a rebate on any bonus or other additional incentive monies paid to ZipRealty over and above the cooperative broker commission. For homes with a final sales price of $99,999.99 or less, ZipRealty will not pay a rebate. If a rebate is paid, the rebate will be paid or credited to the party or parties named as the "buyer(s)" or "borrower(s)" on the HUD-1 Closing Statement or equivalent official closing statement. In the case of an IRC §1031 Tax Deferred Exchange ("Exchange"), the party named as the "buyer or borrower" is the Qualified Intermediary (the "Exchange Company") and the rebate will be paid or credited to the Exchange Company for the benefit of the party conducting the exchange (the "Exchanger"). All buyers, or in the case of any Exchange, the Exchanger must sign this Rebate Agreement before any rebate will be issued. This rebate program is only available where offered by ZipRealty permitted under state and federal law and when not otherwise prohibited by the buyer's lender(s). There may be tax consequences to the rebate. If you need legal or tax advice, you should consult with the appropriate professional. Offer subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice.
