The Buyer or Seller in the purchase or sale of real estate must be represented by Richard Batista, Managing Broker and Owner of JJ Nate Real Estate & Mgmt. The amount offered would be 10% (up to a max of $1,000.00 per transaction) of the net commission.
The Credit or Donation is subject to adjustment or cancellation if the commission received by JJ Nate, from the cooperating Broker is less than 2% of the property purchase price (on properties under $1,000,000.00); if the commission amount provided to JJ Nate changes after the signing of the original agreement and/or must be shared with additional parties; or, if JJ Nate is prohibited from distributing the Credit or Donation.
Lender approval is required for commission refunds (Closing Credits) and/or disclosed on the HUD form . In some circumstances, a Buyer’s Lender may not allow Buyer to receive a Credit at Closing from their Broker and JJ Nate cannot guarantee that all Lenders will allow 100% distribution of the Closing Credit. As a result, JJ Nate strongly recommends that Buyers discuss with their Lenders, in advance, the anticipated receipt of the Closing Credit from JJ Nate.
For Closing Credits, unless agreed to in writing by JJ Nate, JJ Nate will only issue a refund to the person(s) and/or entity(ies) listed on the recorded deed which transfers ownership of the subject real property at the closing of a transaction, regardless of whether such person(s) and/or entity(ies) are the Buyer/Seller.
Subject to these limitations and where allowed, the Closing Credit from JJ Nate can be provided at or after closing.
Donations must be payable to a nonprofit organization that has a 501(c)(3) status. The organization must be reputable and local. (As JJ Nate prefers to support locally, we would encourage and support nonprofit organizations that are looking to spread goodness throughout the Chicagoland area and/or State of Illinois). I, Richard Batista, and/or JJ Nate Real Estate & Mgmt has/have the right to refuse a donation to a nonprofit organization at my/their discretion. (Organizations with strong political ties or affiliations will not be considered. Nor will ones that do not promote and/or encourage equal and humane treatment toward all people, living creatures, and nature.)
This offer is NOT valid with REFERRALS. Whether it is Richard Batista / JJ Nate Real Estate & Mgmt referring to another Brokerage and/or another Brokerage referring to Richard Batista / JJ Nate Real Estate & Mgmt.
