Fine Print

How to Calculate Your Buyer Rebate

Our program includes a Realtor commission rebate plus a flat Lender Credit from Planet Home Lending, LLC (Planet”) when you utilize both our Realtor and our lender to buy your home. Planet does not endorse nor require you to use a specific real estate agent, but this lender credit is only available through the Front Range Heroes program. This program does not require the use of Planet to receive the real estate agent’s commission rebate, or the use of a specific agent to receive the lender credit from Planet. These rebates and credits are independent of one another, but you can maximize your savings by working with a Front Range Heroes real estate agent and Planet together. These funds can be applied towards your closing costs and prepaids at the closing of your loan. Most of our clients are able to take advantage of both the Realtor Rebate and Lender Credit, but there may be very limited circumstances in which we are unable to offer both the Realtor rebate and the Lender Credit, or the amount of your Realtor rebate will not line up with what you see in our pricing calculator. We will do our best to inform you as soon as possible if your eligibility for either the Realtor rebate or Lender Credit is in question, or if you should expect a difference (the main reason you would see a lower rebate is due to the seller of a property offering a lower than typical commission). You may receive a commission rebate from one of our Realtors even if you do not obtain your mortgage with our lender, and you may receive a lender credit from our lender even if you do not utilize one of our Realtors.  Our calculator shows BOTH credits combined, but does not necessarily display the exact rebate because that will depend on your agent’s actual commission, which will vary by property. The calculator shows 27% of an assumed 2.8% commission, but the commission could be higher or lower, which will impact your total rebate.

  • The precise way to calculate your rebate is to multiply your real estate agent’s commission by a percentage. You’ll receive 27% of the agent’s commission (Colorado) as a rebate, or 25% of the agent’s commission (all other states with a participating Realtor) as a rebate, according to the agent’s commission rate as determined by the seller’s listing agent. You will also receive a lender credit that is the same in all states ($750 if your loan amount is $299,999 or lower, and $1,500 if your loan amount is $300,000 or higher) if your mortgage is with Seth Erickson at Planet Home Lending.
  • Typical Buyer’s Agent commission ranges by state (calculated by sales price):*
    • CO: 2.5% – 3%
    • CA: 2% – 2.5%
    • TX: 2.8% – 3%
    • VA: 2.5% to 2.8%

*Buyer’s Agent commissions are not pre-determined percentages, and can vary. They are negotiable, and are determined by a property seller and not required, though they are commonly paid in this way. The table above just shows examples of commission ranges commonly seen in each state. If the seller is NOT paying a buyer’s agent commission, or they are paying an amount that is below the “typical” percentage of the local market, your agent might not be able to offer you a full commission rebate. 

The 1% Listing Commission

  • The 1% listing commission program is applicable only to homes sold in the Denver Metro Area, through David Lampe or Thomas Grant at The Principal Team, or Tori Whittaker at Colorado Home Realty.
  • There will still potentially be a commission offered to the buyer’s agent. This amount can be discussed and you may offer any percentage you choose – this buyer’s agent commission offered is always negotiable. 
  • The commission savings shown in the calculator is based on paying your Front Range Heroes listing agent 1% and the buyer’s agent 2.5% for a total commission of 3.5% vs another agent charging a total commission of 6%.

Notice About Mortgage Lending and Loan Availability

We cannot guarantee that you will qualify for a mortgage and/or be able to purchase a home. Front Range Heroes does not lend or provide mortgages, and we cannot quote interest rates or closing costs. You will need to have a discussion with your lender and obtain loan pre-approval, at which time these rebates will be disclosed in an estimate, along with all the proper disclosures as required by law.

Terms of Service and Privacy Policy

Using Your Personal Data

Personal data submitted on this website will be used for the purposes specified in this privacy policy or in relevant parts of the website.

We may use your personal information to:

  • send you email notifications which you have specifically requested.
  • send you our newsletter and other marketing communications relating to our business or the businesses of carefully-selected third parties which we think may be of interest to you, where you have specifically agreed to this, by email or text message (you can inform us at any time if you no longer require marketing communications).
  • administer the website.
  • enable your use of the services available on the website.

We will not without your express consent provide your personal information to any third parties for the purpose of direct marketing.

Information We May Collect

We may collect, store and use the following kinds of personal data:

  • Information you give us 
  • Information you give us for the purpose of subscribing to email notifications and/or newsletters
  • Information about your computer and about your visits to and use of this website (including your IP address, geographical location, browser type, referral source, length of visit and number of page views);
  • Information relating to any transactions carried out between you and us on or in relation to this website, including information relating to any inquiries you make on this website.
  • Any other information that you choose to send to us

Disclosures

We may disclose information about you to any of our employees, officers, agents, suppliers or subcontractors insofar as reasonably necessary for the purposes as set out in this privacy policy.

In addition, we may disclose information about you:

  • to the extent that we are required to do so by law;
  • in connection with any legal proceedings or prospective legal proceedings;
  • in order to establish, exercise or defend our legal rights (including providing information to others for the purposes of fraud prevention and reducing credit risk); and
  • to the purchaser (or prospective purchaser) of any business or asset which we are (or are contemplating) selling.

Except as provided in this privacy policy, we will not provide your information to third parties.

Security of Your Personal Data

We will take reasonable technical and organizational precautions to prevent the loss, misuse or alteration of your personal information.

We will store all the personal information you provide on our secure (password- and firewall-protected) servers.

Of course, data transmission over the internet is inherently insecure, and we cannot guarantee the security of data sent over the internet.

Policy Amendments

We may update this privacy policy from time to time by posting a new version on our website. You should check this page occasionally to ensure you are happy with any changes.

We may also notify you of changes to our privacy policy by email.

Third-Party Websites

The website contains links to other websites. We are not responsible for the privacy policies or practices of third party websites.