No, you do not have to pay taxes on your Real estate rebates are incentives to attract clients. Used mostly with residential buyers, real estate rebates are a marketing tool to attract buyers to a brokerage. A portion of the commission offered by the seller’s broker to the agent representing the buyer is credited (rebated) to the buyer at or after closing. The payment of the rebate is subject to the…. And yes, of course, it is legal. Some agents say it is not legal to discourage the practice.
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