Mississippi Home Buyer Rebate: See How Much Cash You Get Back
Commission rebates to buyers are not permitted in Mississippi. You can still negotiate the buyer agent commission down before you sign anything.
Look up your rebate
For example, $500,000
Mississippi rebate policy
Mississippi prohibits a licensed agent from rebating part of their commission to the buyer they represent. Buyers here can still negotiate a lower buyer agent commission before signing a representation agreement.
Mississippi law prohibits paying any rebate, profit, or commission to any person not licensed as a broker or salesperson. Miss. Code § 73-35-21(1)(j)
Frequently asked questions
Are home buyer rebates legal in Mississippi?
No. Commission rebates to buyers are not permitted in Mississippi. You can still negotiate the buyer's-agent commission down before you sign anything.
How much is a buyer rebate in Mississippi?
Most buyers in Mississippi will not receive a standard rebate, but you can still lower your costs by comparing agents and negotiating the buyer's-agent commission before you sign.
How do I get a rebate when buying a house in Mississippi?
Before you sign a representation agreement, compare agents and negotiate the buyer's-agent commission. In Mississippi that is the main way to lower your out-of-pocket cost.
Does a buyer rebate cost me anything?
No. The rebate comes out of the buyer's-agent commission, which the seller pays and which is already built into the home's price. A rebate simply returns part of that money to you, at no extra cost.
Official sources
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In Mississippi, buyer commission rebates are not permitted. You can still negotiate the buyer's-agent commission down before you sign a representation agreement.
This is general information, not legal advice. Rules change, so confirm the current rule with your state real estate agency (linked above) before you rely on it.
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