Disclosures On Promotional Offers Made By Penfed Realty, LLC

Washington DC, Suburban MD, Fayetteville, NC Area, Raleigh, NC Area & Northern VA

Home buyers and/or sellers may choose any real estate agent with whom to list their home and close their real estate transaction. However, to receive the promotional benefits offered below in the above areas, home buyers and/or sellers must close their real estate transaction with representation from a PenFed Realty agent under a Listing Agreement and/or Buyer Agency Agreement with PenFed Realty.

4.5% listings are offered to existing PFCU Members that are selling a home priced at $250,000 or higher. 5% listings are offered to existing PFCU Members that are selling a home priced at $249,999 or lower. Member/seller must be the owner-occupant of the home being sold. Listing fees for investors, sellers of homes outside the above defined areas, financial institutions, relocation companies, asset management firms and/or for sellers who are not PFCU members are determined on a case-by-case basis.

In most cases, PenFed Realty offers 3% of the listing fee to buyer brokers. At the discretion of the PFR listing agent, it may be appropriate to offer a different amount to buyer brokers in certain sub-areas based on specific market conditions in those areas.

1% rebates are offered to existing PFCU members that are purchasing a home located in the above defined areas for use as a primary residence. Rebates for investors, buyers of homes outside the above areas and for home buyers who are not PFCU members are determined on a case-by-case basis.

1% rebate offer is contingent on PenFed Realty, LLC receiving a buyer broker commission equal to 3% of the gross sales price of the home. In the event that the amount being paid to PenFed Realty, LLC is less than 3%, the rebate to the buyer will be the amount that exceeds 2%. For example, if the buyer broker commission is 2.5% then the rebate would be .5%.

Rebate to be calculated on the sales price of the home that is subject to real estate commissions. With new construction and certain other transactions the sales price on which real estate commissions are calculated is not always the gross sales price of the home. For example, some builders pay commissions on the base price of the home not the price after adding options & upgrades.

Rebate must be taken in the form of a broker closing cost credit and must appear on the HUD-1 form at settlement. Rebate must be approved by the loan underwriter at the purchaser’s mortgage lender and must be disclosed to the seller. No rebates will be issued after settlement has taken place.

Rebate not to exceed 1% of the gross sales price of the home being purchased. Rebate may not be taken in addition to other broker credits. 1% is the maximum allowable broker contribution to a transaction.

Any portion of the rebate that exceeds allowable lender closing cost credits will be treated as sales commission and retained by PenFed Realty, LLC. Rebate program void where prohibited by law. Additional restrictions may apply.

The "Sell for Free" program requires seller paid compensation to buyer’s broker equal to 3% of the gross sales price of the home being sold. For example, if your home sells for $400,000 you will pay the broker representing the buyer $12,000 but PenFed Realty’s listing and marketing services are free. The Sell for Free program is only available in certain areas and additional restrictions apply. Contact a PenFed Realty representative for details.

Nationwide Real Estate & Relocation

Home buyers and/or sellers may choose any real estate agent with whom to list their home and close their real estate transaction. However, to receive the nationwide promotional benefits offered below home buyers and/or sellers must close their real estate transaction with representation from a PenFed Realty referred brokerage firm under a Listing Agreement and/or Buyer Agency Agreement.

To qualify for the PenFed Realty arranged .5% rebate you must register with the PenFed Realty Relocation department prior to contacting an agent or visiting a new home community. Additionally you must notify PenFed Realty of any ratified contract within 10 business days following the ratification date in order to receive the rebate.

.5% rebates are offered to existing PFCU members that are purchasing and/or selling a home anywhere in the United States except where prohibited by law. For sellers the .5% rebate may appear in the form of a reduced listing fee by the PenFed Realty referred listing broker.

.5% rebate offer is contingent on the PenFed Realty referred broker receiving a broker commission equal to 3% of the gross sales price of the home. In the event that the amount being paid to the PenFed Realty referred broker is less than 3%, the rebate to the buyer will be the amount that exceeds 2.5%. For example, if the buyer broker commission is 2.75% then the rebate would be .25%.

Rebate to be calculated on the sales price of the home that is subject to real estate commissions. With new construction and certain other transactions the sales price on which real estate commissions are calculated is not always the gross sales price of the home. For example, some builders pay commissions on the base price of the home not the price after adding options & upgrades.

Rebate must be taken in the form of a broker closing cost credit and must appear on the HUD-1 form at settlement. Rebate must be approved by the loan underwriter at the purchaser’s mortgage lender and must be disclosed to the seller. Rebate will show on the HUD-1 as coming from the PenFed Realty referred broker, not PenFed Realty directly.

Rebate not to exceed .5% of the gross sales price of the home being purchased or sold. Rebate may not be taken in addition to other broker credits. .5% is the maximum allowable broker contribution to a transaction.

Any portion of the rebate that exceeds allowable lender closing cost credits will be treated as sales commission and retained by PenFed Realty, LLC and/or the PenFed Realty referred brokerage firm. Rebate program void where prohibited by law. Additional restrictions may apply.

Other Disclosures

We do business in accordance with Federal Fair Housing Law and the Equal Housing Opportunity Act. PenFed Realty and PenFed Title are wholly-owned subsidiaries of Pentagon Federal Credit Union.

You are not required to use PenFed Realty or PenFed Title as a condition for mortgage financing from Pentagon Federal Credit Union and you are not required to obtain your mortgage from Pentagon Federal Credit Union as a condition of using the services of PenFed Realty and/or PenFed Title. However, certain discounts may not be available without using a preferred provider for settlement services.