Disclosures

Premier Advantage Real Estate · G. Robert Arnold, Broker · CA DRE #00569840. Compensation is negotiable and not fixed by law. This is general information, not legal, tax or lending advice. Final terms are in your signed written agreement.

Sellers

Listing Fee: 1/2% of the sale price plus a $795 Transaction Management and Compliance Fee, paid only when the sale closes, with no upfront Fees and a 72-hour cancellation period. Applies to site-built homes and condominiums. Full MLS service and broker oversight. Neither this nor any listing plan is a promise to pay your escrow, title or closing costs.

FOR GR REVIEW: confirm the seller Fee wording and the 72-hour cancellation statement against the current listing agreement.

Buyers

A Buyer Rebate Credit, where offered, is funded only from buyer-broker compensation the seller actually pays on that property. It is not a guaranteed check. If the seller pays less than expected or nothing, we renegotiate the Buyer Representation Agreement with you in writing and the Credit is reduced to match what is received, or it may be zero. You still receive broker representation.

California Law

A written buyer-broker representation agreement is required (AB 2992). It must state compensation, services, when compensation is due, and an expiration date. We ask for it before you tour when possible, and it is required no later than the offer.

A licensed broker may return part of an earned commission to the buyer, a principal in the transaction, when it is disclosed in writing, disclosed to the Lender when a loan is used, and paid through Escrow so it appears on the Closing Disclosure. California Business and Professions Code Section 10176 prohibits a secret or undisclosed profit. Advertising must identify the licensee (Section 10140.6).

The Credit is not a referral Fee to an unlicensed person and is not tied to using a particular lender, title company or escrow company. You choose your vendors.

Lender and Escrow

Tell your Lender about any Credit on day one. Some loans cap credits at actual closing costs and some do not allow cash back. We do not pay a Credit outside Escrow. The Broker is not paid by escrow, title or the lender for the Credit. Confirm your loan program with your Lender and tax treatment with your tax adviser.

The Fine Print: The Buyer Broker Agreement

Understand the forms before you sign. Watch this short explanation of the Buyer Broker Agreement.

CA DRE #00569840. Leisure Village 411 is an informational site of Premier Advantage Real Estate and is not affiliated with any homeowners association.