Nada ($0) Listing Fee:
The Nada ($0) listing fee is subject to you using a Nada Realty Agent or Partner Agent to purchase a home within 365 days of closing on your Nada represented listing. If you sell your property first, Nada will charge a flat fee of $4,000 as a listing fee and then issue you a Buyer Refund of the full $4,000 listing fee upon the close of your next 1qualifying home purchase with a Nada Realty Agent or Partner Agent. Further restrictions may apply to your Buyer Refund, see Buyer Refund terms for more information.1 A qualifying home purchase means you have agreed to use a Nada Realty Agent or Partner Agent and the gross commission to your agent is equal to or greater than $7,500. If the gross commission to your agent is less than $7,500, then your buyer refund amount will be subject to a minimum commission to your agent of $4,000, which means your buyer refund will be calculated as your real estate agent’s commission minus $4,000. Listing fee and minimums subject to change.
Nada Buyer Refund:
In certain of our service areas, if you use a Nada Realty Agent or Partner Agent to purchase a home (any home listed on the market), you can save up to 0.6% off the purchase price of the home in the form of a real estate commission refund or rebate at closing. The amount is subject to a minimum commission to your agent of $3,000, which means it is calculated as the lesser of (1) 0.6% of the price of the property you buy, or (2) the real estate agent’s commission minus $3,000. Lender approval may be required. The Buyer Refund may also be reduced on the basis of purchase type (e.g., short sale), seller contributions, or law. Nada Buyer Refund is not available in certain areas where 2prohibited by law. Buyer’s agent fee and minimums subject to change. 2According to the Department of Justice, rebates are currently prohibited by law, in ten states: Alabama; Alaska; Kansas; Louisiana; Mississippi; Missouri; New Jersey; North Dakota; Oklahoma; and Oregon. In addition, Iowa prohibits rebates when the customer uses the services of two or more brokers during a real estate transaction. Visit the Justice.gov site to learn more.