Up to $20,000 Cash Rewards for two Real Estate transactions?Where’s the catch, you ask? There is none. We can give you references from satisfied buyers and sellers who cashed their own Appreciation Reward checks — up to $20,000 apiece.
How is my Appreciation Reward amount determined? It depends on the price of the home you sell or buy. The maximum Reward offered is $10,000 per transaction. This is based on the sale of a 1 million dollar home. We provide a $1000. cash reward for each $100,000. of home purchased, using standard rounding rules. If you both buy and sell through our team you receive two rewards, one for the buy-side and one for the selling-side! Example of Rewards. - A $551,000 home produces a Reward of $6,000.
- A $550,000 home produces a Reward of $5,000.
- A 951,000 home produces a Reward of $10,000.
When can I redeem my Reward? The program requires that you wait until the 36-month maturity date of your Reward certificate and receive your full Reward amount.
Where does the Money come from?
Our Cash Reward Appreciation program is funded like many other sales promotions. Instead of paying huge dollars to TV stations, newspapers, and radio stations for traditional advertising, Cash Rewards Merchants redirect a portion of their marketing dollars into funding this Smart Buyer program. The Cash Rewards Merchants reinvest their marketing dollars back into their customers because we know a happy customer creates great word-of-mouth advertising – the most credible advertising possible.
Who holds the Cash Reward Funds?
CitiBank holds your Cash Reward Funds. CitiBank, one of the largest full service banks in the world, is the holder of all claim funds. Resolve Corporation, a firm with over 33 years of experience in administering retail promotions, serves as the independent third-party administrator. This assures the program is run fairly and impartially.
We are happy to explain each and every step to properly redeem your Realty Cash Reward certificate. Just complete the form and click the “submit” button below! *Denotes Required Fields.
Our Team uses the Cash Appreciation Reward Program as a way to say Thank You to our customers. It is available at no cost to you, giving you nothing to lose and everything to gain.
Registration & Redemption Earning your Cash Reward is easy as 1-2-3! 1. Upon completion of your real estate transaction(s), you will receive a Cash Rewards Certificate from Our Real Estate Team. 2. Mail your Cash Rewards Certificate as instructed. 3. Receive a check by mail when you redeem your Certificate as instructed at the specified redemption date.
For more details see below. |
Why must I complete and sign away from the sponsor's premises?
We do not want the sponsor to be responsible for any mistakes or errors.
Why do I make photocopies of the documents instead of sending the originals?
You need to have clear and legible documents in your possession, and easily accessible until you have completed the redemption process.
Why must I use Certified Mail?
Consumers are asked to mail their registration and final claim in by Certified Mail so there will never be any confusion as to when they were sent. Certified Mail gives our customers a way to prove when they sent their claim. Remember, there are very strict timelines within which documents must be sent.
Do I have to follow the rules as they are written?
Yes, the same rules and regulations are applied to every Cash Reward recipient. This assures everyone the same opportunity to register and redeem their reward.
What if my registration arrives after the seven day period?
If your registration is sent (as directed) via certified mail, your receipt will have the date it was mailed stamped on the receipt. As long as the date it was mailed and stamped is within the seven day period, your registration will be valid.
Why is the Redemption period 36 months Away?
The program involves extremely large sums of money. The money invested by your sponsor to fund the program must 'mature' prior to being available for redemption. If we were offering $50 or $100, then we could return Rewards in only 60 days like traditional offers.
Why must I submit a Sales Contract?
This eliminates many opportunities for fraud.
Why do you require so many documents for redemption?
All documents required are necessary (see reason for each below). It may seem we are attempting to 'not pay'. Because up to $10,000 is a substantial amount of money, we want to ensure you are who you say you are and are qualified to claim the reward. - Certified Birth Certificate: Required to confirm that you are who you say you are and that you are the individual named on the certificate.
- Original Receipt: It is difficult to manipulate an original receipt. Copies can be easily altered.
- Real Estate HUD-1 Closing statement
- Proof of Purchase: We need to know if you actually purchased a home and to protect us from fraud.
- Current Utility Bill: You may have moved since registering your claim. We want to make sure your claim is sent to the proper address.
Where do I send the redemption documents?
The redemption documents should be sent to the same address used for submitting your registration. The ITPA receives both certified mailings.
When can I expect my check?
You will receive your check within 30 to 45 days after redemption.
What happens if I pass away before the Redemption period?
The Certificate is redeemable only by the person it was originally issued to, it is not transferable for any reason. If you pass away before collecting your reward your unclaimed funds are used to pay other valid claims or the charities that benefit from our overages.
Can I have my Merchant issue my Certificate to someone other than myself?
No. The Certificate must be issued to the purchaser. In the event that there is more than one person making the purchase, such as a husband and wife purchasing a home, the Certificate can be made out to either party but not both.
You must follow specific instructions and retain all materials required to complete a valid claim. Some may view this as a catch, but this is not a $5 or $50 cash reward like you would normally receive for purchasing a product. This is up to $10,000. It is a substantial amount of money. All materials required are for a specific reason to confirm your identity and/or your purchase (see registration & redemption for more details).
When do I get my Cash Rewards Certificate?
You will receive your Certificate AFTER closing of the sale.You must produce all documents required for the cash rewards program, as this is a substantial investment on our part. We WANT YOU TO COLLECT the full amount.. If you do not have even one of the documents, we will not provide a cash reward certificate.
Why must I register for the CRI Program and later Redeem?
CASH REWARDS requires you to register for the Program so that both our sponsor (your Merchant) and our ITPA have a way to track and confirm participants in the program. Redemption is required to claim your reward after the deferred period.
Am I obligated to keep my home for the entire deferred period?
No, all you have to do is present documentation that you purchased your home (HUD0-1 statement). Once you receive your certificate from a Cash Rewards Merchant, you are free to do whatever you wish with what you purchased. HOWEVER, if there were litigatiohn resulting in the home being returned to the market or the original seller, this voids your cash reward.
Who qualifies for a Cash Appreciation Reward?
Anyone 18 years of age or older, purchasing a home from a certified Cash Rewards Merchant is eligible for the program. However a Certificate can only be made out in one name and it must be the purchaser.
Please explain the concept of “Breakage.”
Insurance, coupon and rebate programs like Cash Appreciation Rewards work on the concept of “breakage”. Breakage is the statistical difference between the number or coupons, rewards, policies, etc. issued, and those that are collected or paid. Have you ever bought an item and received a rebate coupon in the box it came in but never sent it in? That’s breakage. Breakage can be quantified, tracked and projected. The mathematical term for such statistics is “actuarial data.” Actuarial data is used by companies when offering a payout, the total of all such commitments typically being larger than the sum total of the company’s premium payments.
Are there other kinds of programs that work this way?
Yes. Even your auto insurance policy! Let's say, you buy a new car for $20,000 then insure the car with an auto insurance company that you are using for the first time. You give the insurer a $500 check for the premium at the time the policy is issued and three days later, you have an accident and total the car. What does the insurance company do? They send you a check for $20,000, even though you only gave them one premium of $500. Is that too good to be true? No, of course not! We all know that every policyholder won’t have an accident and make a claim. Effectively, those who do not make claims pay for those who do (with something always left over for the insurance carrier's profit!) Do people pay medical, auto, life and disability insurance? How can insurance companies be so profitable yet still pay all valid claims? The answer is that they work like the Cash Rewards Program — the Certificate Holders who don't make a claim, or don’t follow the rules when they do make a claim, pay for those who do make valid claims.
In addition to insurance companies, are there other institutions that benefit from breakage?
Yes. Banks, financial and many other large institutions have programs predicated on the benefit of breakage. For example, unclaimed bank account balances, lottery winnings, PMI mortgage premiums, etc. - the list is huge. The IRS is holding $2.5 million in unclaimed tax refunds for calendar year 1999 alone! What happens to this money?
What if you guys go out of business?
The program is executed by an ITPA (Independent Third Party Administrator) known as a Fulfillment Company. This ensures that the Program is run fairly, impartially, and will continue to perform, even if we go out of business.
Claim Fund & ITPA
Explain the claim fund to me.
The Claim Fund is an escrow account held in a large nationally recognized bank. The beneficiaries are either of two groups; 1) validly claiming certificate holders or 2) recognized national charities. There is no circumstance in which Cash Rewards Inc. could 'cancel' the program and gain control of the funds held for certificate holders.
How do I know the money be there when I submit my claim?
The majority of the monies in the Claim Fund will be invested in federal or state government bonds, backed by the full credit of the government. Funds not invested in government bonds will be retained in the Claim Fund bank account. The bank account is secured by the contractual promise of one of the largest corporate banks in the US to make the funds available upon demand.
What happens to the money if I don't claim it?
Funds not claimed by certificate holders are given to a nationally known charity.
What is the ITPA & What do they do?
The Independent Third Party Administrator (ITPA) reviews all Certificate registrations and claims for redemption. It alone determines if Certificate holders comply with the terms of the program. It alone has the authority to direct the Escrow Agent to disburse funds from the Claim Fund escrow account. It has no financial interest in the Claim Fund, so it is impartial. The ITPA is unaffiliated with CRI or any potential beneficiary of the Claim Fund, so it is able to act independently. Its independence and impartiality assures that the program is administered fairly.
Who has access to the claim fund, and why should I trust them?
The ITPA has access to the Claim Fund only through an appointed escrow agent. The ITPA is contractually obligated to handle the Claim Fund in strict accordance with the Program. If it fails to do so, it would be liable for any financial loss. Funds withdrawn from the Claim Fund can be directed only to valid reward claimants or to the Charity. Unclaimed funds are dispersed to the Leukemia & Lymphoma Society. No one involved in the program’s administration (Cash Rewards Inc., the ITPA, the Bank, or the Cash Rewards Merchant) has anything to gain from an unclaimed Cash Reward. This ensures that the program is administered fairly and impartially. Cash Rewards Inc. has no control over the account and is not a signatory on it.
Why have a 'Claim Fund' or ITPA?
Cash Rewards is not legally required to have a 'Claim Fund' or Independent Third Party Administrator. Nor are we legally obligated to disperse unclaimed funds to charity. However we do all of the above to show our impartiality and trustworthiness to our merchants and certificate holders.
Our Team is proud to be chosen by Cash Rewards Inc™ to administer the Cash Rewards! There has never been a Cash Rewards program like this for Real Estate Buyers and Sellers, until now. We hope you are able to benefit from this incredible program. Contact us today to get started!
DISCLAIMER
The information contained in this site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site whose name appears above, disclaim any implied warranty or representation about it’s accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyper-link. We shall not be liable for any damages in connection with your use of this web site or any information provided to you therein.
Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this web site is not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site.
Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site.
All data obtained from this site is for your personal, non-commercial use.
You acknowledge entering into a lawful Broker-Consumer relationship with us. Being a Consumer does not mean that you are our Client, or that we represent you. It does mean that we may provide ministerial services to you, such as letting you search for homes on our web site. Our Broker-Client relationship only begins once an “Exclusive Buyer Brokerage Agreement” has been signed.
Real estate commissions are always negotiable.
TERMS AND CONDITIONS
Cash Rewards to be paid to Buyer(s) and or Seller(s) who close escrow and proceed to final settlement with Our Team acting as their sole and exclusive Agent in the purchase of real estate.This is based on a 3% commission. Each .5% commission cut results in a 35% decrease in the cash reward benefit. Therefore a 2% commission would result in a 70% reduction in your cash reward. Home warranty and any other buyer or seller expenses that require the agent to decrease their commission are deducted from the premium paid into cash reward premium.
The Cash Rewards Program only applies to purchases and sales of $450,000. or more.
The Cash Rewards Program is subject to conditions, limitations, exclusions, modifications, and or discontinuation without notice. Cash Rewards certificates are always presented after closing.
Any taxes due regarding the Cash Rewards Program will be the responsibility of the Buyer(s) and or Seller(s). Buyer(s) and Seller(s) should consult a certified accountant.
All listings require seller to sign a 180 day Exclusive Right to Sell contract. Buyer representation cash rewards programs require buyer to sign a Buyer/Broker agreement for a minimum term of 6 months. Cash Rewards do not apply to co-listed properties. Cash Rewards do not apply to transactions involving any referral fees. Arbitration or Litigation initiated by our clients voids all cash rewards programs
Remember, there has never been a Cash Rewards program like this for Real Estate Buyers and Sellers, until now. We hope you are able to benefit from this incredible program. Contact us today to get started!
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