Disclaimers & Disclosures
* CASH BACK - Our ability to convey the financial incentive outlined in the BIP program is subject to all Federal and State laws as well as lender requirements. In some cases your lender may not allow cash back after closing. UBIPIT will work with you for alternative methods to provide the incentive. This may involve adjustments to the purchase price or the payment of allowed closing costs by the seller. In any event, every effort will be made to convey the full benefit of the incentive in a manner acceptable to you and in compliance with all laws and regulations. Where permitted by law, incentives will be paid in the form of a VISA® GIFT CARD in the amount indicated after settlement for qualifying transactions.
Buyer Incentive Program (BIP)incentive is available only to buyers who close on a purchase with UBipIt acting as their exclusive buyer agent in the purchase of real estate. The incentive is an amount equal to 33% of the commission actually received by UBipIt at the close of the transaction. The amount of the broker commission received will vary. The incentive will be paid or credited to the party or parties named as the "buyer(s)" or "borrower(s)" on the HUD-1 Closing Statement or other official closing statement. In the case of an IRC §1031 Tax Deferred Exchange ("Exchange"), the party named as the "buyer or borrower" is the Qualified Intermediary (the "Exchange Company") and the incentive will be paid or credited to the Exchange Company for the benefit of the party conducting the exchange (the "Exchanger"). All buyers, or in the case of any Exchange, the Exchanger must sign a Incentive Agreement. This program is only available where permitted under state and federal law and when not otherwise prohibited by the buyer's lender(s). There may be tax consequences to the incentive. If you need legal or tax advice, you should consult with the appropriate professional. Offer subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice.
