Letter For Illinois Real Estate Page : Two Options For Selling A $254,000 House Image Description

This image shows two options for selling a $254,000 house:

Option 1: With 1% Rebate:

• Seller receives $254,000.
• Seller pays $6,350 to Listing Broker.
• Listing Broker pays $3,810 to Cooperating Broker.
• Cooperating Broker rebates $2,540 to the Buyer.

Option 2: Under HB4313 (Rebates Banned)

• Seller receives $254,000.
• Seller pays $6,350 to Listing Broker.
• Listing Broker pays $3,810 to Cooperating Broker.
• Cooperating Broker rebates $0 to the Buyer.

These options assume a selling price of $254,000, 5 percent commission, and 2.5 percent co-broke fee.

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