My Move Benefits is administered by Interstate Relocation Services, Inc. ("IRSI"), a full service relocation management company offering relocation services to corporations, government agencies, institutions, associations and private individuals.
A Real Estate Rewards transaction is defined as a percentage of a real estate broker referral commission (as part of a traditional real estate sales commission) paid to IRSI from the listing (seller) broker and/or the purchase (buyer) broker for that part of the transaction for which IRSI placed the referral on behalf of the My Move Benefits customer. The Real Estate Rewards will be calculated from the actual broker referral commission received, which may very between brokers and geographic area.
To qualify for Real Estate Rewards, customers must use and close their real estate transaction with an IRSI network referred real estate agent. Limitations, restrictions and availability of Real Estate Rewards are based on Federal, State and local laws, rules and regulations, and may change or be modified without notice. Real Estate Rewards restrictions apply in; AK, AL, IA, KS, LA, MO, MS, OK, OR and TN. NJ rebate is allowable to buyer ONLY. When available, Real Estate Rewards may be provided in the form of a check, credit at closing, reduced real estate commission or other means at the discretion of IRSI and governing authorities and bodies. You are not required to use My Move Benefits Mortgage Lender in order to receive Real Estate Rewards. Real Estate Rewards is not valid for corporate-sponsored relocations or mobile homes. The minimum home value must be above $75,000 to qualify.
All customers should consult a tax professional concerning any possible tax implications of receiving Real Estate Rewards. In the state of New Jersey, a purchaser is obligated to pay any applicable taxes for receipt of the Real Estate Rewards.
Typically, Real Estate Rewards is paid upon closing on the HUD-1 Statement.
Real Estate Rewards offer does not apply to any existing ‘home sale listing’ or ‘purchase offer’ agreement between a My Move Benefits customer and real estate broker/agent. My Move Benefits counselor must directly place the real estate referral for the customer to qualify for the rewards.
The terms of this program may not be used in conjunction with any other promotion or offer. Limitations, restrictions, and availability may change at any time. Program is void where prohibited by law and may be modified or discontinued at any time without advance notice. The My Move Benefits program is void where prohibited by law. Additional restrictions may apply.