In order to give a cash rebate to your seller, a credit letter must be issued by the office BEFORE closing. The rebate amount should be reflected on the contract in the ‘Additional Terms’ section stating exactly how much is planned on being credited. If a rebate was not determined at the time of contract signing, you must contact the office ASAP to issue the credit letter prior to the final settlement statement.
Using our online form submission section, provide all required information for a credit/rebate letter. There is a form dedicated to standard sellers and one to short sale sellers. The forms can be found here under ‘Agent Portal’ / ‘Transaction Management’ / ‘Credit Letters (Cash Rebates)’.
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