Tennessee Home Buyer Rebate: See How Much Cash You Get Back
Commission rebates to buyers are not permitted in Tennessee. You can still negotiate the buyer agent commission down before you sign anything.
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For example, $500,000
Tennessee rebate policy
Tennessee prohibits a licensed agent from rebating part of their commission to the buyer they represent. Buyers here can still negotiate a lower buyer agent commission before signing a representation agreement.
Tennessee licensees may not give or pay cash rebates, cash gifts, or cash prizes in a real estate transaction. Tenn. Code Ann. § 62-13-302(b)
Frequently asked questions
Are home buyer rebates legal in Tennessee?
No. Commission rebates to buyers are not permitted in Tennessee. You can still negotiate the buyer's-agent commission down before you sign anything.
How much is a buyer rebate in Tennessee?
Most buyers in Tennessee will not receive a standard rebate, but you can still lower your costs by comparing agents and negotiating the buyer's-agent commission before you sign.
How do I get a rebate when buying a house in Tennessee?
Before you sign a representation agreement, compare agents and negotiate the buyer's-agent commission. In Tennessee that is the main way to lower your out-of-pocket cost.
Does a buyer rebate cost me anything?
No. The rebate comes out of the buyer's-agent commission, which the seller pays and which is already built into the home's price. A rebate simply returns part of that money to you, at no extra cost.
Official sources
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In Tennessee, buyer commission rebates are not permitted. You can still negotiate the buyer's-agent commission down before you sign a representation agreement.
This is general information, not legal advice. Rules change, so confirm the current rule with your state real estate agency (linked above) before you rely on it.
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