Are Commission Rebates Taxable?
It is not considered income, therefore it is not taxable. The IRS has provided an opinion on this subject, and determined that real estate rebates are not taxable. You can read more about the IRS position on the matter at this link. Since the rebate is not taxable, a 1099 will not be issued to you.
Our Florida real estate commission rate compounds with each property purchased with us.
80% Commission Rebate -$800,000
85% Commission Rebate -$4,000,000
90% Commission Rebate +$4,000,000
Str8 ReaL estate Company is owned and operated by veteran real estate sales broker Anthony L. Pizzarelli. Originally licensed in 1999 Anthony sharpened his 6% commission craft in South Florida between The Treasure Coast, Palm Beach Island & Downtown Miami. Anthony has either participated in, competed for, or advised real estate sales such as the Versace Mansion in Miami, Donald Trumps now infamous Palm Beach Island $100,000,000 FliP, The Ritz Carlton Singer Island, A former oceanfront property of NFL Football Owner Bob Kraft, The Former Revel Casino in Atlantic City, a Billionaires Row Palm Beach Waterfront Estate & countless multifamily & commercial style commodities. His knowledge of the real estate sales process is uncommon just like the generous real estate commission rebate he now offers anywhere in Florida.
Thank you for visiting our website & we wish you all the best in all your property buying endeavors.