Please welcome to the real estate sales dancefloor Realbate, a residential brokerage with a new tactic for these modern times: refunds! Realbate will split its commission, which is 3 percent of the sale price, with buyers. (CondoDomain is doing something similar.) So a buyer who picked up a $1 million pad, as Crain's explains, would get $15,000 of the commission back. Incentive or drop in the bucket? Realbate's plan is to make up the money by, er, spending less time on each deal because these days clients are searching for properties themselves online. [Crain's; Realbate ]
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