Collect Another Check on Closing day by Allowing Landfall Properties LLC to Work Your Referral

Copyright © 2014- 2023  AUTHOR: Paul R. Marino, REALTOR®, e-Pro®

 

Our Buyer Referral service is unlike any other referral service you may be accustomed to. The distinction is, our referral services work in conjunction with a rebate (CASH PAID TO YOU). This rebate applies to all kinds of buyers, whether this is your fifth home purchase, or your first.

 

THE BUYER REFERRAL PROCESS WORKS IN THE FOLLOWING MANNER:  

 

1) Landfall Properties, LLC places you in contact with an experienced Buyer Broker in the target market of your choice, in any state in the United States or province of Canada (if other than CT, MA, ME, NH, or VT). If targeting a purchase anywhere within CT, MA, ME, NH or VT (statewide), you are better served with our BUYER CASH REBATE program, outlined here, since it pays you thousands of dollars on closing day, instead of hundreds.

 

2) All referrals performed by Landfall require brokers to meet strict qualification criteria (unless specifically waived by you). These include: a) Experience (10 year minimum); b) Ethics (no state real estate board ethic violations in the past 10 years); c) Credentials (must hold at least 1 Realtor® designation); d) Education: 4 year college graduate; e) Must be a Broker; Salespersons do not quality due to lack of experience.

 

3) Landfall fully negotiates the referral and causes your name to appear on Page 2, Item H, Line 08 of the Closing Disclosure (CD) closing statement, reflecting a credit to you (rebate) of a percentage of the Buyer Broker commission. EXAMPLE: Assume you want to purchase a home in Nashville, Tennessee, or San Francisco, CA, or Calgary, Alberta, Canada (or for that matter, a property in any state or province in the United States or Canada). We’ve coordinated referral transactions in 23 US states, and 3 Canadian provinces (and counting) over the past 30 years. In our example, the purchase price is $350,000. The Buyer Broker commission is 3% of the purchase price, or .03 X $350,000 = $10,500. Landfall Properties, LLC negotiates a referral commission of 25% of this figure ($10,500), or $2,625. Landfall Properties, LLC retains 75% of this amount ($2,625 x 75% = $1,969). And you, as the buyer, are then rebated 25% of the $2,625, or $656 ($2,625 x 25% = $656).

 

4) The net result of this transaction is, the Buyer Broker collects a commission of $7,875 instead of $10,500. You win ($656), Landfall wins ($1,969), and the Buyer Broker wins ($7,875). Thus, $656 + $1,969 + $7,875 = $10,500 (i.e. 3% of $350,000 = $10,500). WIN-WIN-WIN. This entire rebate process adds nothing to the purchase cost of your new property, and, in this example, puts $656 in your pocket.