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LendingTree/Costco Realtor Commission Rebate

Costco offers a fantastic deal to members where you get a cash incentive to use one of their realtors [3], something I wish I had known a year ago! (My realtor was great, though she didn’t cut me a fat check after I bought) The incentive is reasonable (the table is there after the link) and on my purchase of $295k I would’ve received $1,700 back, or 0.57%. You do not need to finance your purchase through Lending Tree because this is a transaction with Lending Tree Realty Services. (If you’re an Executive member, you also get a $100 Costco cash card)

There are restrictions to who is eligible because these sorts of commission rebates aren’t permitted in some states. In Alabama, Oregon, South Dakota and Tennessee, you can’t receive a cash incentive but you are eligible to receive the same amount as a credit at closing. Folks in Alaska, Iowa, Kansas, Louisiana, Missouri, Mississippi, New Jersey, Oklahoma, and South Caroline aren’t eligible whatsoever. Everyone else is free to get an incentive according to the Lending Tree FAQ [4].

What this also means is that if you have a phone, you can start calling up realtors anyway and asking for commission rebates if you’re in an eligible state. If you’ve had experience with this or other rebate deals involve realtors, please share your stories because I’d be very interested to hear about them.