Would CRA charge income tax on rebates received from PPS Realty?
No, as CRA treat the rebate when purchasing a property as discount in service fees by the brokerage please refer to page 17 of attached document obtained from CRA
No long term agreement with clients?
As required by RECO we have to sign Buyer Representation Agreement (BRA) as a service agreement between the brokerage and the client upfront to outlines scope of services and the Cash-back rebate details, however unlike other Realtors we do not force the client to sign long term agreement and accept [...]
What is VIP-Unlimited Showing?
This service is just like the traditional service provided by others brokerages and Realtors to the buyers in the market, no limitation on number of showings. We understanding some buyers prefer to do the regular way and rebate is not important for them.
Why we do it?
Because we listen to our clients, in fact 6 out of 10 clients we meet are looking for Cash-back rebate to help them with increasing cost of purchasing property, and it’s happening in the market but no one advertise it. We are fully transparent about the entire process. Click here [...]
How Cash Back Rebate works in Real Estate?
To simplify how Cash-back Rebate works for buyers client, let’s go through this scenario: You submitted an offer on a property was listed for $500,000 through one of the PPS Realty Realtors. The seller/ listing Brokerage offered a commission of 2.5% of the selling price which is $12,500, and let’s [...]
As a buyer, why is it better to work with none-commissioned agents vs commissioned agents?
Today’s buyer is savvier than ever. There are tools to check out homes, neighborhoods, school districts, available for anyone to use. If you’ve done the work, driven around the city, found the home you want and just need help with negotiation, why should you pay extra to a commissioned agent [...]
Is Pay Per Service a license Real estate brokerage? Do you have experience working with traditional agents?
We are fully licensed to work in your area, and we maintain a mandatory Real Estate Trust account as per OREA requirements. Feel free to contact us with any questions you may have. And yes, we have plenty of experience working with traditional agents; we used to be one, after [...]
You must sacrifice service to offer me your commission rebate!
Marvelous question! That is what most people don’t understand. We offer the exact same services as most other real estate companies. The reality is NOT that you are under paying us, the problem is that you are over paying the other agencies!
Does every home qualify for a commission rebate?
Most of them do, including private sales not listed with an agent or the MLS. It depends on whether the person listing the home is paying a commission and what that commission is. If you have a question about a home, let us know and we’ll find out for you!
Will the commission rebate affect negotiations?
Not in the least. The price the seller offered to pay for the sale of his home was established long before the home was even listed, so it was already factored in to the price.