How does the customer reward work?

For customers to qualify for the reward, it requires them to utilize a HomeStory certified real estate agent to complete the real estate buy and/or sell of the transaction.

The entire reward process takes approximately 45 days to complete from the date of closing.

A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri.

State	Buyers	Sellers
Alabama	Consumer will receive reward the day of closing	Consumer will receive reward the day of closing
Alaska	No Rebate available per state law	Seller commission reduction*
Iowa	No Rebate available per state law	Seller commission reduction*
Kansas	Gift card only and the reward is fixed at $1,000, regardless of the property's sale price.	Gift card only and the reward is fixed at $1,000, regardless of the property's sale price.
Louisiana	No Rebate available per state law	Seller commission reduction*
Mississippi	No Rebate available per state law	Seller commission reduction*
Missouri	No Rebate available per state law	Seller commission reduction*
New Jersey	Distributed at closing by the Buyer’s agent in the form of a commission credit. This must be discussed with the agent in advance and documented in a  buyers agency agreement with special provisions at the onset of the agency relationship.	Seller commission reduction*
Oklahoma	No Rebate available per state law	Seller commission reduction*
Oregon	No Rebate available per state law	Seller commission reduction*
Tennessee	Rebate will be in the form of a non-cash  gift card of the customer’s choice	Rebate will be in the form of a non-cash  gift card of the customer’s choice

* Seller Commission Reduction Benefit:

Available in the form of a commission reduction that must be discussed with the agent and included in the listing agreement. 

Example agreement:

Listing Agent Commission of X%. The commission owed will be reduced by the attached schedule based on the final sales price (attach the program reward schedule).