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GENERAL PROGRAM - Terms and Conditions |
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These General Program Terms and Conditions describe the general requirement for
the REALTOR®Connect program operated by American Homeownership
Association LLC ("AmHome"), the parent company of MySpendingPlanTM, and its AmHome Realty Holding LLC division.
For information on the particular incentive you will be eligible to receive, please
see the Specific Offer Terms and Conditions for further information on incentive
availability. AmHome Realty Holding LLC, the operator of the REALTOR®Connect
program, is a licensed real estate broker. |
Closing Incentives
- Program Description - For qualifying consumers, AmHome will provide as an
incentive a portion of any cooperative brokerage fee it receives if AmHome refers
you to another licensed real estate broker in a manner and to the extent permitted
by state law. Incentives for the REALTOR®Connect program are available
to customers who use the Real Estate Professional assigned through the REALTOR®Connect
program to buy or sell their home, to the extent permitted by applicable law (see
below for details).
- Qualification - Customers must have been initially connected with the Real
Estate Professional ("Referred Broker") through AmHome or one of its websites
so that AmHome earns a cooperative brokerage fee. Consumers must make the request
using the URL or phone number specified in the offer to qualify for the incentive.
Requests submitted in any other manner will not qualify for the incentive. You cannot
change the form of your incentive. This offer may not be combined with any other
offer made by AmHome or any of its partners or affiliates. However, if you both
buy and sell a home through the program, you will receive the appropriate incentive
for each transaction for which AmHome earns a cooperative brokerage fee. AmHome
does not offer an incentive for home purchases or sales less than $75,000.
- Limitations due to State and Federal Law - The incentive offer is available
on modified terms in some states and not available at all in others. In addition,
the incentive may not be available to some buyers as set forth below or as specified
in the Specific Offer Terms and Conditions.
- AL, OR, and TN do not allow us to provide you the customary incentive associated
with this offer. However, you are eligible to receive the same amount as a credit
at closing or such other manner as is permitted by state law! Your assigned Referred
Broker can guide you through this process. If you still have questions after discussing
with your Referred Broker, please contact AmHome. In these states, you MUST ensure
that you receive the benefit of the incentive at or prior to closing as AmHome will
be unable to provide the incentive after you close.
- AK, IA, KS, LA, MO, MS, NJ, OK, and SC do not allow us to provide any incentive
to the consumer. However, we welcome you still to participate in the program, and
receive all the other benefits of the REALTOR®Connect program.
- The incentive may not be permitted in connection with certain loan programs for
the buyer/borrower. These include, but are not limited to, FHA and VA loans. Please
consult your lender regarding whether or not you can collect the incentive in connection
with your loan.
- Contacting Us and Requesting Incentive - If you have questions, please contact
AmHome using the information on the site where you registered for the offer. For
states which do not permit the customary incentive, you must ensure that you receive
the benefit of the incentive at or prior to closing – please make sure it appears
on the HUD-1 at closing or on other appropriate documentation. For states which
permit the post-closing incentive, please follow the following procedure:
- After you close a real estate transaction with the Real Estate Professional with
whom you were matched through the Find a REALTOR® program, please send
us within 30 days of your close date a copy of your HUD-1 document (you will receive
this at closing), your signed incentive voucher, your correct mailing address, and
your Agent's name to: American Homeownership Association LLC, Attn: Real Estate,
29488 Woodward Avenue, Suite 202, Royal Oak, MI 48073. (Please include the email
address and phone number you submitted with your request to assist us in processing
your incentive).
- AmHome will process your request upon receipt of the HUD-1 evidencing the closing
of a qualifying transaction. AmHome should provide the applicable incentive to qualifying
customers within approximately 6 - 8 weeks from the date your HUD is received.
REALTOR® -- A registered collective membership mark that identifies a
real estate professional who is a member of the National Association of REALTORS®
and subscribes to its strict Code of Ethics.
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SPECIFIC OFFER - Terms and Conditions
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These Specific Offer Terms and Conditions describe the particular incentive you
will be eligible to receive. Please see the General Program Terms and Conditions
for further information on incentive availability.
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Estimated Incentives - For a qualifying purchase or sale valued between $75,000
and $124,999, the estimated incentive is $125. For a qualifying purchase or sale
valued between $125,000 and $174,999, the estimated incentive is $300. For every
$50,000 the price of the purchase or sale increases above $175,000, the incentive
will increase an additional $250. These estimated incentives are based on a 6% real
estate commission, evenly split between the listing and buying broker. Commissions
are based on the price of the home and may not include upgrades to new construction.
If the actual commission or the commission split differs, the incentive will reflect
a similar adjustment. If any broker in the transaction gives back a part of their
commission in the sale, the incentive will be based on the brokerage fee AmHome
actually receives. The estimated incentives for a range of transaction values are
shown below. An additional $100 bonus is available to AmHome customers who also
use a lender with whom they were matched by AmHome for the mortgage relating to
a purchase in the REALTOR®Connect program.
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Purchase or Sale Price: |
Incentive: |
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$75,000-$124,999 |
$125 |
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$125,000-$174,999 |
$300 |
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$175,000-$224,999 |
$550 |
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$225,000-$274,999 |
$800 |
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$275,000-$324,999 |
$1,050 |
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$325,000-$374,999 |
$1,300 |
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$375,000-$424,999 |
$1,550 |
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$425,000-$474,999 |
$1,800 |
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$475,000-$524,999 |
$2,050 |
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$525,000-$574,999 |
$2,300 |
- Form of Incentive - Incentives will be paid in the form of a Gift Card from
Target®, The Home Depot® or Visa to the extent permitted by
applicable law. In credit at closing states, you must ensure that you collect the
cash equivalent at closing. AmHome will credit you the amount that AmHome would
have paid to obtain the Gift Card. Once you have chosen the form of your incentive,
you will not be entitled to change your choice of incentive.
- Redeeming Incentive - Gift Cards to The Home Depot® are redeemable
at The Home Depot®. Target® Gift Cards are redeemable at Target®.
Visa Gift Cards are usable at millions of merchants worldwide.
Target®, The Home Depot® and Visa U.S.A. are not affiliated
with AmHome. The Home Depot® is a registered trademark of Homer
TLC, Inc. The Bullseye Design and Target are registered trademarks of Target
Brands, Inc.
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 We are pledged to the
letter and spirit of U.S. policy for the achievement of equal housing opportunity
throughout the nation. We encourage and support an affirmative advertising and marketing
program in which there are no barriers to obtaining housing because of race, color,
religion, sex, handicap, familial status, or national origin.
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REALTOR® -- A registered collective membership mark that identifies a
real estate professional who is a member of the National Association of REALTORS®
and subscribes to its strict Code of Ethics. Not all of the real estate professionals
participating in the REALTOR®Connect program are REALTORS®,
which are members of the National Association of REALTORS®.
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