I was first made aware of this when my neighbor sold his house for “$775,000” 2 years ago. When I saw the comp on MLS, I was thrilled.
I saw my neighbor shortly afterwards and congratulated him on the sale at $775,000. He said to not get too excited because that price included a $50,000 kickback to the Buyer so he only netted $725,000. At the time, he wasn’t sure if it was legit or not because the 2 brokers worked it out with the Buyer.
