1.5% Cash Back Realtor Buyers: Increase Your Purchasing Power with a 1.5% Cashback Agent in Toronto and Surrounding Areas!
 

A cash back rebate is a real estate commission rebate legally paid by a real estate brokerage to a buyer after the successful closing of a home purchase transaction. In Ontario, sellers traditionally pay around 2.5% in co-operating commission to buyer agents. Green Hedge Realty keeps just 1%, while the rest is paid back to buyer clients as a cashback rebate — often 1.5%, or $15,000 for every million dollars spent. This money can be used to cover closing expenses like land transfer tax, legal fees, moving costs, and other related home purchase costs.
 
There is no limit on the amount of cash back one can receive, no minimum purchase price, no future commitments, no administration fees, and the service remains complete and uncompromised - buyers receive full designated MLS® REALTOR® representation services from experienced Green Hedge Realty agents, with no limit on the number of showings.

Cashback Calculator: The Amount of Real Estate Cashback a Home Buyer Will Receive Use the slider below to determine the amount of home purchase cash back a buyer will receive in cases where 2.5% co-operating brokerage commission is paid by the seller on MLS.

Home Value:

$1,000,000

Cash Back Rebate:

$15,000

Are Cash Back Rebates Taxable Income? Is Land Transfer Tax Affected? Do Buyers Pay Less Harmonized Sales Tax (HST) on New Homes?

Generally accepted practice holds that a cash back rebate on a home purchase is a price discount, and no income tax is payable. If the home is later sold, this discount may have an effect on capital gains tax paid to the Canada Revenue Agency (CRA). However, since taxes vary based on individual circumstances and REALTORS® are not experts on taxes, buyers are advised to consult with a tax professional regarding their specific cash back rebate.
 
In Ontario a buyer pays Provincial Land Transfer Tax (PLTT) and may also pay a Municipal Land Transfer Tax (MLTT). Neither is affected by cash back rebates as this amount is calculated based on the value of consideration. Additionally buyers of new homes may pay Harmonized Sales Tax (HST). This tax is also unaffected by cash back rebates.
 
Want to ask something else about cash back rebates? Text us a question at 416-825-8756, or contact one of our agents directly below.

Are Cash Back REALTORS® Worth It? Do Buyers Receive Lower Quality Services?

Green Hedge Realty is licensed with the Real Estate Council of Ontario (RECO) as a Brokerage and insured under the Trust in Real Estate Services Act, 2002 (TRESA). As a member of the Toronto Regional Real Estate Board (TRREB), Ontario Real Estate Association (OREA), and the Canadian Real Estate Association (CREA), Green Hedge Realty is also subject to a code of ethics and rules ensuring buyers receive professional and comprehensive representation services from qualified and experienced agents with no limit on the number of showings.
 
To ensure complete satisfaction with the services, buyers are advised to discuss their specific requirements, area of interest, and personal schedule with their cash back realtor to determine if they are a good fit for them.

Other Cash Back Real Estate Services

Still doing research on cash back real estate services? Let us help you. If you are a consumer with a bona fide interest in hiring a REALTOR® for the purpose of purchasing real estate, we will send you a curated list of all our cash back realtor competitors. We're so confident we've got the best deal that we don't mind doing it.
 
Enter your name and e-mail address below to receive 25 direct website links to cash back realtor services across southern Ontario, along with their small print summaries. Current as of October 1, 2024. You will not be added to any mailing lists, but we may check in with you later to see if you're interested in working with one of our cashback agents.

I am a consumer with a bona fide interest in hiring a REALTOR® for the purpose of purchasing real estate.

Are Cash Back Rebates Legal? When do Buyers Receive Them? What's the Catch?

Cash back rebates are legal and its terms will be outlined in the schedule to the standard Buyer Representation Agreement a buyer will sign with their designated Green Hedge Realty REALTOR® prior to any showings.
 
Payments are made from the co-operating commission Green Hedge Realty receives from the listing Brokerage after the completion of a transaction. This can take anywhere from a few days after closing to a few weeks or longer if the listing Brokerage has to wait for additional funds from the closing lawyer. As cash back rebates gain popularity in real estate transactions, new financial services may allow buyers to access these funds before closing, subject to interest fees.
 
There is no catch! The price of housing has outpaced wages to such a degree, that it's now possible to offer very high cash back rebates while still earning a sufficiently high wage as a Real Estate Agent. In addition, technological advances such as the Internet and electronic signatures, have made the job easier and enabled realtors to provide MLS services to more clients at the same time.

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