Duffy Realty Buyer Cash Bonus

Seller pays the commission on the sale of a home!

Why and How does our relationship work?

Our relationship with you and this cash bonus is based on our expertise as real estate Consultants and your ability to search and find properties that are currently on the market. Your part is easy.  As you know, in today’s real estate market, everything that is listed on the multiple listing services is available to be seen on hundreds of duplicated websites.  Independent surveys state that 98% of buyers search the Internet to find a home.  Virtually no one surveyed said that their agent found them a home that they had not seen on the Internet or by driving around.  If you are one of the 98% of the buyers out there doing their own work, we figure why not pay you for your efforts so that we can serve more people and focus on the contract and process as our expertise.  We know that this process will not work for everyone and we will help you find the home as a high priority client if needed – we still know how to do that too. 

Is this legal?

The real estate law in Georgia says that we can give a broker incentive to any buyer as long as the buyer is listed on the settlement statement as a principal.  On a side note, the law also states that we cannot give a referral fee to a person that is not a real estate agent when they send a friend to us to use the cash bonus.  But, with that said, please don’t forget that your referrals are greatly appreciated!  We need more raging advocates and we will earn your respect, your future business and your friends.

What you need to do next (like right now – before you see any other properties)!

Immediately meet with a Duffy Buyer Consultant to become a Duffy client. Becoming a Duffy Realty client helps ensure that we will be free to represent you and your best interests and not those of the sellers. We will also be eligible to receive a commission that is paid by the seller of the home. We will do our best to allow you to see houses outside of the cash bonus, but we must schedule the showing for you with the seller and/or listing agent.  Otherwise the listing agent may claim that they are entitled to the full commission. 

Homes that you are serious about purchasing and have seen prior to becoming a client will need to be discussed with the listing agent by us to determine their rights to procure the whole commission.  IT IS VERY IMPORTANT THAT WE BECOME ENGAGED IN AN AGENCY RELATIONSHIP IMMEDIATELY to protect our right to a commission, thus giving you the cash bonus.

Your lender must comply with the contract under time frames presented.  Duffy Realty is not responsible for their actions.  It is the buyer’s responsibility to pursue loan approval.

Duffy Realty Buyer Cash Bonus

                                                            Option 1

What are each of our duties?

While under an Exclusive Buyer Agreement with Duffy Realty, our duties will include:

*  Confidentiality
*  Expert guidance and advice about the resale potential of the homes that you are interested in that we see with you
*  Thorough contract negotiation
*  Inspection negotiation
*  Closing set-up, advice and review of settlement statement

While under an Exclusive Buyer Agreement with Duffy Realty, your duties will include:

*  Advising others that you are represented by Duffy Realty as a client
*  Searching and doing an exterior preview of homes that interest you
            *  Reasonable intent to purchase a property with good faith

Your cash bonus pay-out is based on the amount of properties we see with you:

1 to 3 properties                                                                                         50%
4 properties                                                                                                 45%   
5 properties                                                                                                 40%
6 properties                                                                                                 35%
7 properties                                                                                                 30%
8 properties                                                                                                 25%
9 properties                                                                                                 20%
10 properties or more                                                                        $ 500.00

A fee of .0034 of the sales price is deducted from the cash bonus given to the buyer.  There is no time limit.  You may take as long as you need to find your home.  We will not write a contract without seeing the home first. Your cash bonus will be ready for you to pick-up or mail 5 business days after closing.
Commissions are normally based on what the seller advertises as the co-op commission in the MLS/FMLS system.  This is normally 3%, but it can range from house to house.  Some houses pay 2% and some pay up 5-6%.   In any case we will review this with you upon presenting an offer.

Any change of the commission after the contract goes binding or reduction of the commission in order to make a price concession during negotiations will be deducted solely from your cash bonus pay-out and will not reduce Duffy Realty’s percentage of the commission. 

OR

Full Service
Option 2

You can choose our Full Service Option.  With this option, you will receive full service and hand holding from our agents.  We will:

1. preview houses for you
2. diligently look for homes on your behalf on our systems
3. work closer with your lender
4. and, attend closing with you

As a result and in lieu of a closing gift, we will pay you $150.00 within 5 business days of closing.