Cash Bonus Examples

  *Cash Bonuses (or Commission Rebates) are subject to purchase price, market conditions, and a minimum $7,500 buyer’s agent commission to be retained by AyAMi Group. AyAMi’s cash bonus offer may vary from the 2%. Please contact us to learn more. See our cash bonus offer terms on our Terms and Conditions Page.  

What Happens at Closing

 

How Does the Commission Work?

 

FAQs

HOW IS THE CASH BONUS CALCULATED?

The Cash Bonus is subject to a $7,500 minimum retained by AyAMi, 2/3rds of the buyer’s broker commission collected, up to 2% of the purchase price, and never to be less than $0. In other words, the Cash Bonus is calculated as the lesser of:

         1) Two-thirds of the buyer’s broker commission collected and up to 2% of the purchase price, or

         2) The buyer’s broker commission collected less the $7,500 minimum retained by AyAMi.

If buyer’s broker commission is more than 3%, the Cash Bonus will be 2% and subject to the $7,500 minimum retained by AyAMi.

HOW AND WHEN IS THE CASH BONUS PAID?

The Cash Bonus is paid to the buyer by check or bank transfer after the closing. The buyer may elect to have the Cash Bonus applied as a credit on the closing statement instead if permissible by the sale and purchase contract, lender, Connecticut State law and federal law. If you would like your Cash Bonus to be used as a credit on the closing statement, you must let us know before we submit the offer.

IS THE CASH BONUS TAXABLE?

The Cash Bonus is paid to the buyer by check or bank transfer after the closing. The buyer may elect to have the Cash Bonus applied as a credit on the closing statement instead if permissible by the sale and purchase contract, lender, Connecticut State law and federal law. If you would like your Cash Bonus to be used as a credit on the closing statement, you must let us know before we submit the offer.

HOW IS AYAMI ABLE TO OFFER CASH BONUSES?

A real estate agent representing a home buyer is paid a commission by the listing agent (also known as seller’s agent). Such commission is typically 2.5% or 3% in the State of Connecticut. AyAMi Group simply shares that commission with its clients. Traditional brokerage keeps all of the commission to itself. For details on how the Cash Bonus is calculated, please refer to the “How is the Cash Bonus calculated?” question above and to our Cash Bonus calculator shown above as well. For additional details, check out our Terms & Conditions here.

COULD I REPRESENT MYSELF AS A BUYER AND POCKET IN THE ENTIRE COMMISSION?

Unfortunately, the answer is no. Listing agents or seller’s agents do not want to work directly with buyers as that means exposure to additional liabilities, certain dual agency disclosure issues, and potential issues with regulatory bodies. This is why buyers without a representation will be asked to find an agent or will be referred to another buyer’s agent. If such agents work for a traditional brokerage, they will typically not share their commission.

HOW CAN AYAMI AFFORD TO PROVIDE CASH BONUSES AND A SUITE OF FULL SERVICES?

AyAMi’s platform streamlines the marketing and lead generation process and allows its agents to focus on existing clients who are actively looking for new homes. AyAMi agents do not have to spend majority of their time on generating new business, prospecting, and marketing themselves. Arguably, they can provide even more client-oriented and tailored services in return. All this results in savings for AyAMi, which we pass on to our Clients in the form of Cash Bonuses.

Still have questions? 

Click here for the full FAQs page.