Agreement For Home Buyer Rebate Program

1.       For homes with a final sale price of $100,000 or more, the Home Buyer Rebate is one percent (1%) of the purchase price at the close of escrow/settlement. 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 the Mathisen Realty, Inc. Buyer is not entitled to a Rebate on any bonus or other additional incentive monies paid to Mathisen Realty, Inc. over and above the Cooperating Broker Commission.

2.       The Home Buyer Rebate is available to Buyers who close escrow/proceed to final settlement with Mathisen Realty Inc. and Gary Brakemeyer acting as their sole and exclusive Buyer’s agents in the purchase of real estate. No Rebate will be issued if the property was viewed with another agent prior to Mathisen Realty, Inc.

3.       The Home Buyer Rebate is only available on homes purchased in the State of Illinois.

4.       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.

5.       The Buyer will be required to sign an IRS form documenting the Rebate. Buyer will be responsible for any applicable taxes on the Rebate. Buyer must complete a W-9. Buyer will be sent a 1099-Misc at the end of the year. This agreement and the W-9 must be completed, signed and returned before the Rebate will be issued.

6.       If there is an agent from another company making claim to the commission, the issuance of the Rebate will be delayed until the claim is resolved. The Rebate will be reduced by the amount of the claim paid to the other company (if applicable).

7.       Properties listed by Mathisen Realty, Inc. are excluded from the Rebate program. We do not represent the buyer and the seller in the same transaction.

8.       The Home Buyer Rebate will be issued within three business days of closing.

9.       Because of this generous rebate, we use limit participation in the program to serious buyers only. The Rebate is limited to a maximum of ten (10) property showings. If property showings exceed (10) properties, then a reduced rebate will be given.

10.    If a referral fee is paid by Mathisen Realty, Inc. to get Buyer’s business, the Rebate is reduced by the amount of that referral fee, if applicable.

11.    For new construction properties, Mathisen Realty, Inc. must register the Buyer with the builder on the first visit. No Rebate is paid unless registration is completed properly.

12.    The Home Buyer Rebate Program is subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice. A signature transmitted by fax shall be deemed to have the same effect as an original signature.

Agreed to by:

Mathisen Realty, Inc.

_______________________________                                            _________________________________ 

Agent                                                                                                 Buyer

_______________________________                                            _________________________________ 

Date                                                                                                   Date