Frequently Asked Questions
What is a real estate commission rebate and how does it work?
The basic premise is that the real estate broker you choose to work with gives you an opportunity to earn a portion of their commission. It is issued on the closing disclosure statement as a cash credit toward your closing costs.
Are buyer-earned commission rebates legal?
Yes. Forty (40) states, including Minnesota, allow real estate brokers to share a portion of their earned commission rebates with their clients toward their closing costs.
Is an earned broker real estate rebate commission taxed?
No, it is not. A commission rebate is considered a price adjustment rather than taxable income by the IRS and therefore is not taxed.
Can I choose to get my commission rebate in the form of a check or have it transferred to my bank account?
All commission rebates must be disclosed on the closing settlement statement as a commission rebate in the form of a cash credit toward your closing costs.
Who can qualify to earn a rebate?
We offer rebates to new construction home buyers and sellers (must also be purchasing a new home).
How do I know if I qualify to earn a rebate?
The easiest way to know if you qualify to earn an Amped Apple rebate is to register and get started with our no-obligation process. To learn more about who can qualify and how the process works, visit our How It Works page.
Why do I need to get pre-approved by an Amped Apple Mortgage Lending Ambassador to participate in the program?
Amped Apple new home buyers are required to gain mortgage pre-approval through an Amped Apple Mortgage Lending Ambassador because we want to help you discover your upfront earned commission rebate potential. This pre-approval serves as a valuable tool to perform apples to apples comparisons with builder-preferred lenders and title service providers and empowers Amped Apple participants to make the best decision for themselves.
What if my builder has an in-house lender and title company they would like me to work with?
We believe it’s good business practice to always carefully consider your options. We will help you perform apples to apples comparisons with builder preferred lenders and title service providers to empower you to make the best decision for yourself. There is zero obligation for you to participate in our earned commission rebate program, and you may opt out at your sole discretion any time prior to purchasing. Further, we are happy to transfer your file to the lender or title company of your choice if you feel it is in your best interests.