How it works
The Whole Thing,
With Nothing Left Out
A rebate this size makes people suspicious, and it should. Here is where the money comes from, when it arrives, and what could change it.
Four Steps, in This Order
The rebate is agreed in writing at the start, never a promise made after the fact.
We Put It in Writing
We sign a buyer representation agreement before the first showing. The 1% goes in it: the amount, the trigger, the timing.
Before your first showing
We Shop and We Negotiate
A search built around what you will actually live in, comparables before you offer, and the negotiation itself.
2 weeks to 6 months
Your Deal Closes
Firm offer, lawyer, land transfer tax, keys. The day the costs land, and the day the rebate becomes payable.
Closing date
Your Rebate Is Issued
1% of the final purchase price, sent once the deal has closed and the commission has reached the brokerage.
After closing
Before you sign
What the Rebate Is Not
Four things it is not, so nothing about it surprises you later.
Not a Discount off the Purchase Price
The price is between you and the seller.
Not Paid at Closing
It is issued after the deal closes and the commission has been released.
Not Usable as a Down Payment
It arrives after closing day, so no lender will count it.
Not a Limited-Time Promotion
No expiry, no promo code. It is how the team works.
What it is
1% of the final purchase price on the transaction that closes. Written into your buyer representation agreement before the search begins.
The Terms, in Plain Words
A rebate you have to decode is not really a rebate. Here are all seven conditions.
Applies to residential purchases where Iman Dordizadeh Basirabad, Hometon Inc., Brokerage, acts as your buyer’s agent.
The rebate is 1% of the final purchase price stated on the Agreement of Purchase and Sale.
Payable after the transaction closes and the co-operating commission has been received by the brokerage.
Terms are set out in your buyer representation agreement and signed before the search begins.
Some pre-construction, assignment and commercial transactions carry their own commission terms and are quoted case by case.
The rebate is paid to the buyer or buyers named on the Agreement of Purchase and Sale.
If the transaction does not close, no rebate is payable.
Questions about the mechanics
Questions About the Mechanics
Still unsure? Fifteen minutes on the phone answers the rest.
Who is actually paying for this rebate?
The seller, and they were paying it either way. The commission on a listing is split between the brokerage that listed the home and the brokerage that brings the buyer. When we represent you, we are the second half of that split, and 1% of the purchase price comes back to you out of our share. Nothing is added to your side of the deal.
Do I have to buy through you to get the rebate?
Yes. The rebate comes from the buyer-side commission on a purchase we represent you on. No representation, no commission, no rebate. That is also why the agreement is signed before the search starts rather than after you have found something.
When exactly do I get the money?
After the transaction closes and the co-operating commission has been released to the brokerage. Not at the offer, and not on closing day itself.
Can I put the rebate toward my down payment?
No, because of when it arrives. It is paid after the transaction closes, and your down payment is due on closing day. Your lender will not count it toward qualifying for the same reason. Treat it as reimbursement for what closing day cost you, not as money you can spend to get there.
Is the rebate taxable?
A commission rebate to a buyer on their own home purchase is generally treated as a reduction in what you paid for the property rather than as income, but it can affect the property’s cost base, and every situation differs. Confirm it with your accountant.
Is there a maximum rebate?
No. There is no cap. The rebate is always 1% of the final purchase price on the Agreement of Purchase and Sale: $5,000 on a $500,000 home, $10,000 on a $1,000,000 home, and $20,000 on a $2,000,000 home.
What if I buy with a partner or a family member?
The rebate is paid to the buyer or buyers named on the Agreement of Purchase and Sale. If you are buying together, both of you are named, and the rebate goes to the buyers on that agreement.
Does it apply to pre-construction or assignments?
Those carry their own commission terms, so they are quoted case by case. Ask before you sign anything with a builder. The rebate conversation is much harder once you have already registered on site with someone else.
Now You Know Where the Money Comes From
The next step is a number that applies to you, not to an example. Fifteen minutes on the phone and you will have it.
No obligation. No newsletter. 416-388-4886.