Buying new construction? Get 1% back at closing.
The builder pays our commission whether you bring an agent or not. Register with us before your first visit and we credit you 1% of the base purchase price at closing, up to half of what the builder pays us. Written into your buyer agreement, paid by LPT Realty.
1% of the base price, whenever the builder pays 2% or more.
If a builder pays us less than 2%, the rebate is half of what we receive. It is funded by the builder's commission, never by your price. Full terms below.
Three steps. The second one is the whole thing.
Builders budget a commission for the buyer's agent. Walk in without one and they keep it.
Tell us where you are looking
Fill in the form and book a short call. We go over the builders and communities on your list and sign the buyer agreement electronically.
We register you before your first visit
Builders pay a buyer's agent commission, but most only pay it if your agent is on record before you walk into the sales office. That one step is what funds the rebate.
You close, the credit lands
At closing, 1% of the base price shows up as a credit on your Closing Disclosure, up to half of the commission the builder pays us.
The builder's sales agent works for the builder.
A new build has more moving parts than a resale, and every one of them is on the builder's paper. Here is what we do with the half we keep.
Builder contract review
Builder contracts are written by the builder. We walk you through every deadline, deposit and the parts that are negotiable.
Incentive negotiation
Rate buydowns, closing cost credits, design center dollars and lot premiums move more than most buyers think. We ask.
Independent inspections
A third-party inspector at foundation, pre-drywall and final, because the builder's own inspection is not yours.
Lender comparison
The builder's preferred lender may or may not be your best option. We help you compare both before you commit.
Construction tracking
Regular check-ins on the build so a slipped date or a changed selection does not surprise you at the walkthrough.
Walkthrough and closing
We are with you at the walkthrough and through the close, and after, when the punch list needs a nudge.
A team that closes new construction in this valley every month.
“The builder is going to pay a buyer's agent on your home either way. The only question is whether some of it comes back to you. Call before you visit a sales office and it will.”
The fine print, in plain English.
Is a buyer rebate legal in Nevada?
Yes. Nevada allows a real estate broker to share part of its commission with its own client in a transaction. The rebate is paid by LPT Realty, the brokerage, and is disclosed on your Closing Disclosure. It is not a builder program and does not change any incentive the builder offers you.
What is the base purchase price?
The price on the builder's purchase agreement for the home and homesite before lot premium, structural options, design center selections, and before any builder incentives or credits are applied. If the builder's contract lists one combined price, that figure is the base price.
Why is the rebate capped at half of the commission?
Builders set their own commissions and they vary by builder, community and month. Most pay 2% to 3% of the base price, some pay a flat amount, and some pay less during a promotion. The cap means the rebate is always funded by what the builder actually pays, so it is never a bait and switch and never comes out of your price.
How do I receive the rebate?
As a credit on your Closing Disclosure at closing, applied to your closing costs and prepaid items. Your lender has to approve the credit and every loan program limits how much can be credited, so on a financed purchase the rebate cannot be paid in cash outside of closing. If you are paying cash, LPT Realty pays the rebate by check after closing.
Does the builder lower the price if I do not use an agent?
In our experience, no. Builders set aside the buyer's agent commission as part of their marketing budget and hold their pricing so it does not undercut the values in the rest of the community. When a buyer shows up unrepresented the builder simply keeps that money.
I already visited a builder. Can I still get the rebate?
Sometimes. Every builder has its own registration policy, and many will not pay a commission if you toured or registered on your own first. Call us before you go back and we will find out where you stand with that builder.
Is the rebate taxable?
The IRS has treated buyer rebates as a reduction in the purchase price rather than income, so no 1099 is issued. We are not tax advisors, so please confirm with yours.
Which builders does this work with?
Any builder in Southern Nevada that pays a buyer's agent commission, which is nearly all of them. The rebate is 1% of the base price whenever the builder pays 2% or more, and half of what we receive when it pays less.
Everything above is summarized from the full program terms, which are also restated in your buyer agreement.
Register first. Visit second. Keep 1%.
One form, one short call, and you are on record with every builder on your list.
Claim my rebate