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How The Program Works
Welcome to Member Benefit Services. As a member of a participating
Credit Union or Association, you may be eligible to receive cash
rebates when buying or selling a home.
The Program
As a nationwide program, we are able to connect you with a specially
certified Realtor anywhere in the United States* that is an expert
in your area and is tuned in to the market and your specific needs.
(*Rebate is not available in all states. See
restricted state list for specific states). Member
Benefit Services only works with the top real estate companies
in your area. Your counselor is available to you throughout the
entire process.
The Rebate
Members receive a 20% rebate when they complete a transaction with
the real estate agent they are assigned to. The rebate is sent
approximately 4-6 weeks after the close of escrow.
If a member has been in contact with a real estate agent regarding
either listing or buying a property or has been shown property
by an agent, prior to contacting MBS, the member will not be eligible
for the rebate.
Service Satisfaction
We send a survey to members with every rebate check, asking them
to rate our program and the agent’s service. As member surveys
show, there is more than a 99% satisfaction rate with the program
and with the real estate agents they are placed with.
Sample Transaction
For example, if you bought a $200,000 home using Member Benefit
Services to choose your Broker, the commission your Broker receives
is $6,000 for the buying side (See
diagram). You would receive
a 20% rebate on the Member Benefit Services commission; therefore
you would receive a rebate of $1,200.
If you were to also use Member Benefit Services to handle the
sale of your existing $150,000 home, you would receive a 20%
on the
selling side. If you home sells for $150,000 and your Member
Benefit Services broker receives a $4,500 commission for the
selling side
(see diagram),
therefore you receive a $900 rebate (20%) on the commission paid
to your broker.
This means, in this example, you could receive a total savings
of $2,100 just for choosing Member Benefit Services to handle
both of your transactions. *
Note: Examples based on Member Benefit Services' brokerage commission
of 3% of the buying or selling price. It is not paid off of the
total commissions. Commissions may vary.
*Benefits are not available unless you enroll with Member Benefit
Services PRIOR to contacting a real estate agent.
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