C21 Redwood Employee Real Estate Benefits Program
Employees of CENTURY 21 Redwood Realty can take advantage of Redwood Employee Rewards Program when buying or selling a home receiving a 35% credit in just a few simple steps.
- Employee contacts our Relocation Department and initiates the move (Employee must contact the Relocation Department prior to contacting an agent to be eligible)
- Relocation Department matches Employee with Top Notch Participating agent
- Agent provides exceptional experience and Employee Receives the following:
Purchase Side Employee Benefits-
- Employee will receive a closing cost credit up to 35% of the purchase side commission. Credit is subject to lender approval.
- Employee can also receive credit against rate if financing with Atlantic Coast Mortgage
- Employee can also receive zero settlement fees for purchases when closing with Highland Title and buying an owner’s title insurance policy.
Listing Side Employee Benefits–
- Employee will receive a reduced net commission rate of 5% plus a 35% list side commission credit at closing (total net commission paid at closing = 4.13%)
- Full Redwood Rewards Listing Package
Example Employee Benefit Amount
- Sample Breakdown- Buy Side (based on 2.5% Sell Side Commission)
- Sales Price- $400,000
- Sell Side Commission- $10,000
- 35% to Employee- $3,500
- Agent Commission- (based on 40% referral fee and 50/50 split) $2,805
Sample Breakdown- List Side ( based on 2.5% buyer agent commission, and 2.5% listing commission-35% listing credit = 1.63% net listing commission. Total net commission paid at closing = 4.13%)
Sales Price- $400,000
List Side Commission (2.5%)- $10,000
35% to Employee as credit- $3,500
Agent Commission- (based on 40% referral fee and 50/50 split) $2,805
**Please note this program is for owner occupied properties and does not apply to investment homes and/or investment property. If you have questions about qualifying property please reach out to tina.bodolosky@c21redwood.com**