Anyone ever hear of buyer's agents that give you money?

Several of the brokers on this site have indicated that they split the buyer's commission.

That would be nice. And you don't pay them anything? The commission comes from the seller, correct? I apologize, but I am a beginner first time buyer.

http://www.theburkhardtgroup.com/about.php

Typically, seller pays 6% commission, which is split 50/50 between the selling and buying agencies. A buyer-side agency with a rebate plan is willing to split its 3% with the buyer.

http://theburkhardtgroup.com/services-and-fees-c14358.html

We are a full service firm that offers both buyers and sellers a variety of options based on the level of service they require. Rebates are non taxable/reportable and delivered no more than 3 days after closing.

This is a new model that has been in "Beta" for the past year+. I personally have over 20 years NYC real estate experience and plan to start hiring and expanding the business this year(experienced agents feel free to contact me!). I have sold properties using our model and have represented several buyers who have closed or are scheduled to close and will/have received rebates of up to $20,000. Simply put it works.

Everyone is happy, no one more than me. Best of luck!

Keith (Broker)

Thanks, Keith.

Then we have farbers, who thinks we're a bunch of feebs.

"I am a beginner first time buyer." If you're going to tailor your advertising to morons, try another venue.

NWT, What am I advertising? I don't get it? Sorry that you are an "advanced many times buyer," but a lot of us are just buying our first place.

Anyway, what is the downside for using one of these firms? If they either pay for your lawyer and/or rebate you money, why wouldn't everyone use them? Is there a catch?

The whole point to a lawyer is that he represents his client, and only his client. I think there's a definite conflict of interest when someone else is footing the bill, or if someone else is setting limits as to fees (which is the message a buyer would get if the brokerage says they'll only reimburse fees up to a certain amount).

Brokerage with a rebate is a much better way to go. Stay clear away from attorney-fee rebates.

You posted the same shtick several times. Close enough.

Talk to both and compare. Tell pcs you'll pay your lawyer yourself, and see how much cash they're offering vs. the others for the same services.

even though your a jerk, thanks. Good advice.

Google around a bit for a Paul Saraceni, a RE lawyer who appears to be connected with PCS.

Wait, I take that back. Paul Saraceni *is* PCS Realty. Gee, which lawyer do you think they'll want you to use?

The first of many red flags on this skeevy outfit was the absence of any names on their website.

NWT, wouldn't that game earn Paul Saraceni automatic and free membership in the American Disbar Association?

Keep in mind, though, that you shouldn't expect your rebating buyside broker to be "full" service. But if you're like many on streeteasy, and you like finding your places and going to open houses, this could make good sense for you. Look to the buyside broker then to help guide you through the negotiating and closing process.

Where's Jimmy Hofstra?

What's "full" service? Does he want the deal to close, so he earns his commission? Then he'll guide you through the negotiating and closing process, obviously.

Jeez, the more I think about this pcsrealty outfit, the more it pisses me off. Here he is trolling the web looking for suckers, with techniques that wouldn't fool an infant, yet doesn't know enough to cover his tracks.

Compare http://www.whoisbucket.com/view/pcsrealtyinc.com
with http://www.whoisbucket.com/view/saracenilaw.com

www.territoryre.com
word has it they will be re-launching in NYC soon.
They are am exclusive buyer brokerage built for do it yourself home buyers. they only keep a flat fee from the commission they are paid from the seller/listing agent and they rebate the difference to their clients at closing. sounds like it keeps the buyers interests protected (buyers don't have to deal with pushy salespersons trying to sell their listings at the highest price), saves buyers lots of money and is also pretty transparent.

farbers, i think the only "catch" is that the models are new and the competition (at first) was (and still is) trying to make it very difficult for them to do business. This model is "destructive" to an archaic industry like residential real estate. billions of dollars on the table and only one way the industry is currently doing business.