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| RETAINER AGREEMENT: Buyer hereby retains the Broker for the purchase, exchange and /or lease of real property located in the State of Utah. The Buyer agrees to pay the Broker an upfront Retainer Fee of $295.00 upon signing of this agreement. | (restrictions apply see below)
NOTE: You are in NO WAY obligated to use our Buyer Agent Services;
This is only offered as a way of saving on your Real Estate Transaction. | |  (Based on a $200M property w/ 3% BAC) | Licensed Representation? Let us be your Agent
(see 50%credit below)
Buyer's Credit: After obtaining the seller's written consent, as required by Utah State law, upon the closing of the transaction, the Company shall credit to the Buyer the amount of: 50% of the Buyers Agent Commission (BAC) paid to the Company by the listing brokerage*. The Credit shall be paid from proceeds of closing.
* Minimum: A minimum amount of 1% of the Purchase Price shall be due to the Company. In the absense of a Compensation offer from the Seller (For Sale By Owner) an amount of 1% shall be added to the purchase price as Compensation to the Company and shall be paid at closing. | (Credit subject to seller's written consent. 6.2.13*) | |
BUYERS...
Receive $1000s of dollars back at closing when you buy your home or other real estate through us!
If you are buying a property listed by us or another REALTOR or a New Home where the builder is willing to pay a sales commission (most do), we will give you 50% of the Buyers Agent Commission at funding (which usually happens shortly after closing). It is that simple.
BUYERS will receive 50% of the Buyers Agent Commission after closing. (commonly around 3%*) Example: You buy a $200,000 property, your rebate will be $3,000.
Of course, as in everything in life, there are a few rules.
1- You must enter into a buyers representation contract with the Principal Broker. An upfront "retainer fee" payment in the amount of $295.00 is due for this service. This will protect you, the buyer, by guaranteeing to you in writing our intention to give you the cash back rebate.
2- You must be the principle buyer in the transaction, meaning you must be the person whose name is on the sales contract and the deed. This is state law.
3- It must meet lender approval and Seller must give written authorization.
4- You must either be pre-approved for a home mortgage or make application with a lender upon contracting.
5- You must buy the property using Town Country Apollo Properties as your Buyer Broker. If you do not buy the property through us, no rebate will be paid to you.
6- You need to be willing to independently narrow down any listings to a few listings to view at one time. (see: Buyer Due Diligence Checklist) This includes doing any research for school information, neighborhood inspections, and if possible visually inspecting the exterior prior to viewing. If you do not like the property from the outside, then you probably will not like it from the inside either. Broker can provide you with a large amount of data regarding MLS listed properties.
7- If you are looking at new construction (Model Homes), you may be required to register us as your broker from the beginning of the process. Most homebuilders do not give you a discount for not using a broker; do make sure you let the builder know that you are exclusively working with a broker. If builder asks you not to use the broker, request they reduce the sales price accordingly. If builder does not pay a commission to brokers, then 1% would be due to Broker from Buyers Closing costs.
RULE OF: Procuring Cause ". . . the uninterrupted series of casual events which results in the successful transaction." This rule may determine who is entitled to the Commission offered and would be the basis of any mediation or arbitration; It is best for the parties involved to know who represents who.THIS CONTRACT MUST BE SIGNED BY BOTH BUYER AND BROKER PRIOR TO PROPERTY SHOWING
*6.2.13. Gifts and Inducements. A gift given by a principal broker to a buyer or seller, lessor or lessee, in a real estate transaction as an inducement to use the services of a real estate brokerage, or in appreciation for having used the services of a brokerage, is permissible and is not an illegal sharing of commission. If an inducement is to be offered to a buyer or seller, lessor or lessee, who will not be obligated to pay a real estate commission in a transaction, the principal broker must obtain from the party who will pay the commission written consent that the inducement be offered
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