TheRedpin, Brokerage offers homebuyers a rebate incentive comprised of 15% of our commission earned on properties purchased through our brokerage. You can qualify for this incentive if you are purchasing a resale property or a new condo, the latter being sold by the developer and purchased after the public opening date announced by the developer (also known as the post-VIP phase).
For resale and new home transactions, we use the following formula to calculate your 15% commission rebate: Property Purchase Price net of HST x commission offered by the builder/seller (min. 1.5% to a max of 4%) x 15%.
New condo: A condo at $400,000 - $21,933 in HST x 4% offered by the builder x 15% = 0.15.
Resale: A $400,000 resale home purchase x 2.5% x 15% = .
In some cases, net of parking and/or locker prices are also included.
For resale transactions, cash back must be disclosed to both parties of the transaction; recipient of the cash back must be party to a transaction. The cash back will be paid out by TheRedPin, Brokerage to the name registered on the agreement of purchase and sale within 10 days of receiving the commission owing and only upon successful completion of a transaction.
Rebates are not valid for VIP condo sales. Not valid with any other offer, promotion, or cash back given by the Realtor to the buyers.
Rebate rate is subject to change by TheRedPin without notice.
The MLS® listing information presented in TheRedPin's VOW system is deemed reliable but is not guaranteed accurate by TheRedPin, Brokerage or TREB.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc., a corporation jointly owned by the National Association of REALTORS® and The Canadian Real Estate Association. The REALTOR® trade marks are used to identify real estate services provided by brokers and salespersons who are members of CREA and who accept and respect a strict Code of Ethics, and are required to meet consistent professional standards of business practice which is the consumer's assurance of integrity.
The information, products, and services published on this site may include inaccuracies or typographical errors. Changes are periodically added to the information herein. TheRedPin Mortgage Brokerage Inc, its affiliates, and/or its respective suppliers may without prior notice make improvements and/or changes in this site including but not limited to the information, services, products, or other material at any time. All information, products, and services are provided 'as is' without warranty of any kind. In no event shall TheRedPin Mortgage Brokerage, its affiliates, and/or its suppliers be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in any way connected with the use of this site or with the delay or inability to use this site, or for any information, products, and/or services obtained through this site, or otherwise arising out of the use of this site, whether based on contract, tort, strict liability, or otherwise.