Incentives being offered from the sellers to the buyers and pertain to the property, either through rate buydowns, closing costs or other allowances, may be offered and entered in the agent or public remarks.
NorthstarMLS’ only requirement is that, if it is specific to a lender or other third party, their name or company is not mentioned in the remarks. You may say using our “preferred lender,” or similar.
Rule Guidelines:
• Incentive must comply with HUD guidelines/regulations. The incentive must be able to be put on the HUD.
- Must not include any offer of compensation to cooperating brokers.
- The incentive may not be limited to or conditioned on the retention of payment to any other Brokerage.
- Incentives are not automatic; they must be reduced to a written agreement between the parties for the buyer to be entitled to them.
