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Updated almost 4 years ago,
Real Agent Accepting Rebates instead of Commssion
I am licensed broker and am purchasing a personal primary residence. If I accept a commission create a taxable event which I am trying to avoid. Can I accept a "rebate" from my brokerage in lieu of a commission from my brokerage considering this will be my personal primary residence? It is my understanding the "rebate" is non taxable.
Does anyone have any experience with this? I have also reached out to my accountant but want varying opinions.