Author Topic: Rebate on New home purchases - Discuss  (Read 80217 times)

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Offline LAtoOC

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Rebate on New home purchases - Discuss
« on: May 16, 2012, 10:42:29 AM »
Or just tell them the Broker is a family member. For some reason a lot of these places (TIC/TNHC) have an "exception" if the broker is related.
« Last Edit: May 17, 2012, 09:43:36 AM by admin »

Offline rkp

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Re: Rebate on New home purchases - Discuss
« Reply #1 on: May 17, 2012, 10:47:24 AM »
i think you mean *dont* tell them right?  they seem to not give the broker coop if its a family member.  someone posted that THNC specifically wouldnt give the rebate to a purchasing couple because one of them was a broker. 

also, even if you have checked out the houses before, unless you filled out a guest card with fully accurate info, there really is no way of them knowing if you came before or not.  ie, send a PM to USCTrojanCPA or IrvineRealtor if you arent sure and want to try to still get the rebate

we took IrvineRealtor with us to Lambert Ranch and the whole process was really easy.  now we just have to get the darn house but thats a different story

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Offline irvinehomeowner

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Re: Rebate on New home purchases - Discuss
« Reply #2 on: May 17, 2012, 12:07:37 PM »
I'm too easy to remember.

And too big to sneak by the salespeople.

I think if you have your broker's information that should be enough... but many of them require the broker to actually be there on your first visit... bleh.
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Offline Jenita143

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Re: Rebate on New home purchases - Discuss
« Reply #3 on: June 13, 2012, 11:29:46 PM »
my broker is my cousin who's been taking us to see homes around Irvine. She wasn't with us when we decided to pop into Lambert Ranch. If i decide to go with a home there, is it too late to sign her up? We've already registered with them online

Offline rkp

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Re: Rebate on New home purchases - Discuss
« Reply #4 on: June 13, 2012, 11:52:40 PM »
Officially, its too late.  Unofficially, people go back with their brokers all the time as the builders arent swiping IDs.  Assuming you didnt sign anything or fill out a guest card or have a very long conversation with one of the sales reps when you visited the models, they would never know if the next time you went was your first time or not. 

Offline USCTrojanCPA

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Re: Rebate on New home purchases - Discuss
« Reply #5 on: June 20, 2012, 11:33:34 PM »
my broker is my cousin who's been taking us to see homes around Irvine. She wasn't with us when we decided to pop into Lambert Ranch. If i decide to go with a home there, is it too late to sign her up? We've already registered with them online
When you filled out the registration online, did you put in there that you were referred over to the development by your cousin (agent)?  If not, then they might not allow your cousin to register you guys.
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Offline SandVball

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Re: Rebate on New home purchases
« Reply #6 on: August 17, 2012, 10:51:56 AM »
So since we filled out the registration card at Laguna Altura that wipes out the rebate for all of StoneGate and LA?  I knew we should have given fake info!  >:D
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Offline USCTrojanCPA

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Re: Rebate on New home purchases - Discuss
« Reply #7 on: August 17, 2012, 12:24:51 PM »
So since we filled out the registration card at Laguna Altura that wipes out the rebate for all of StoneGate and LA?  I knew we should have given fake info!  >:D
No, each development and location is separate.  So if you filled out a registration card at Cortana, you can still register with an agent at Toscana in LA or any of the other Irvine Pacific developments including the ones in Stonegate.  Hope that helps.
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Offline SandVball

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Re: Rebate on New home purchases - Discuss
« Reply #8 on: September 17, 2012, 03:40:10 PM »
Is this rebate the same thing as the buyers agent's commision?  Or does my agent get a rebate and commision?

Stupid question I know... :-[
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Offline USCTrojanCPA

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Re: Rebate on New home purchases - Discuss
« Reply #9 on: September 17, 2012, 03:51:41 PM »
Is this rebate the same thing as the buyers agent's commision?  Or does my agent get a rebate and commision?

Stupid question I know... :-[
The broker co-op is the new home version of a buyers agent's commission....agent gets a broker co-op for a new home transaction and the buyers agent commission for a re-sale home transaction.  The rebate is just a refund of part of the broker co-op/buyers agent commission to the buyer.
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Offline irvinehomeowner

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Re: Rebate on New home purchases - Discuss
« Reply #10 on: September 17, 2012, 04:07:46 PM »
I do hate this "first visit" thing.

I am actively working with an agent and if I decide to visit a model home and my agent isn't with me, they should still honor the co-op if I bring him in with me the next time I visit.

I understand there is some "after the fact" issue... but it's not like these guys aren't making money on the sale regardless of the co-op.
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Offline USCTrojanCPA

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Re: Rebate on New home purchases - Discuss
« Reply #11 on: September 17, 2012, 04:23:40 PM »
I do hate this "first visit" thing.

I am actively working with an agent and if I decide to visit a model home and my agent isn't with me, they should still honor the co-op if I bring him in with me the next time I visit.

I understand there is some "after the fact" issue... but it's not like these guys aren't making money on the sale regardless of the co-op.
Irvine Pacific is super strict with that....they told me and my clients before....you cant register with them because I remember seeing them here before (even though they never filled anything out). 
« Last Edit: September 17, 2012, 05:40:12 PM by USCTrojanCPA »
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Offline SandVball

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Re: Rebate on New home purchases - Discuss
« Reply #12 on: September 17, 2012, 05:01:52 PM »
Thanks USC that makes sense.  I thought that's a large commission check on a new home!

A saleslady in Placentia scolded us for asking if our Agent needed to be present to sign us in.  She was going on about buyers shopping around to find an agent that would give some of it back.  They only had one unit left anyhow so we walked out.
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Offline SoCal

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Re: Rebate on New home purchases - Discuss
« Reply #13 on: September 17, 2012, 05:19:41 PM »
Irvine Pacific is super strict with that....they told me and my clients before....you can register with them because I remember seeing them here before (even though they never filled anything out). 

Don't you mean they said you "could not" register with them? Am I misunderstanding?

Offline USCTrojanCPA

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Re: Rebate on New home purchases - Discuss
« Reply #14 on: September 17, 2012, 05:41:01 PM »
Irvine Pacific is super strict with that....they told me and my clients before....you can register with them because I remember seeing them here before (even though they never filled anything out). 

Don't you mean they said you "could not" register with them? Am I misunderstanding?
Typo....I correct it. 
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