New Mexico Home Buyer Rebate: See How Much Cash You Get Back
Commission rebates to buyers are legal in New Mexico. Most buyers can get about 2% of the home price back in cash at closing.
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Your rights in New Mexico
- Rebates are legal in New Mexico.
- Find a buyer's agent who offers a rebate.
- Always name your agent before or when you first visit properties.
New Mexico rebate policy
In New Mexico, a buyer's agent may share part of their commission with the buyer they represent, and this is legal. Because the buyer's-agent commission is already built into the home's price, a rebate simply returns part of that money to you at closing.