The $10,000 Buyers Closing Costs Credit

At Casablanca Commercial Real Estate (“CCRE”, “Us”, “We”), we believe in being the “The Brokers that Give You More.” We specialize in Buyer Representation. We collaborate with the listing broker of record through a co-brokerage agreement and we are compensated by the Seller, allowing us to provide our Buyers free buyer representation. In addition, we go a step further by directly reducing your closing costs when we represent you as Buyer in a Triple Net (NNN) Lease Property acquisition.

How It Works

When we represent you as a Buyer, we provide a credit to cover typical Buyer’s closing expenses for properties purchased within the State of Florida. This incentive is documented directly on your official closing statement as a credit toward your closing costs. 

While every commercial transaction is unique, our incentive is designed to offset the standard costs associated with closing a Triple Net (NNN) Lease property transaction.

Buyer’s Closing Costs Expenses that are covered

  • Owner’s Title Insurance: This often represents a significant portion of a buyer’s expenses, especially in transactions where the seller declines to provide it.
  • Buyer’s Real Estate Attorney Fees: Legal representation is vital in complex NNN transactions; our credit can be applied toward your own counsel’s fees.
  • Recording Fees: We cover buyer’s required recording expenses and other necessary instruments by the county.
  • Escrow & Settlement Fees: This includes the professional fees charged by the title company or escrow agent to facilitate the successful closing of the transaction.

The Calculation & Limitations

We cover the total amount of your actual Buyer’s closing costs up to a maximum of $10,000. This credit is subject to the following parameters:

  • Actual Cost Maximum: The credit shall never exceed the actual total closing costs reflected on the closing statement. For example, if your total closing costs are $6,000, the credit will be $6,000. If your total closing costs are $12,000, then the closing costs credit will be $10,000.
  • Commission Limit: The credit shall not exceed 20% of the total commission received by CCRE from the Seller/Listing Broker.

Expenses Not Covered (Financing Exclusions)

While our credit is designed to cover standard transaction costs, it specifically excludes expenses related to property financing. The following lender-required costs are outside the scope of our incentive:

  • Loan Origination Fees: Any fees charged by a lender for processing or underwriting a new mortgage.
  • Lender Legal Fees: Legal expenses passed through to the buyer by the lender’s own legal counsel.
  • Appraisal & Environmental Studies: Professional reports specifically required by a financial institution as a condition of a loan.
  • Mortgage Recording Fees & Taxes: Government fees and taxes specifically associated with the recording of a mortgage or deed of trust.
  • Other Lender Pass-Through Expenses: Any additional third-party costs or administrative fees required solely to satisfy financing requirements.

Reservation of Rights

We reserve the right to modify, suspend, or discontinue this incentive at any time at our sole discretion and without prior notice.