California Law Outlaws Rebates....Not!
By Brian L. Sirota, Esq., For Solutions: (714) 501-7660
(Bristar Realty (Realtor/Attorney))
A California Realtor on Activerain revealed that rebates are now illegal in California, and it caught me off guard. California is a progressive state, so it's logical the rest of the nation would soon follow. Not so fast! Nothing has changed! ARE BUYER'S REBATES LEGAL? First things first: Rebate laws vary from state to state, but illegal only in a large handful of states. In the State of California, rebates are legal all day long. Still, the question arises with surprising frequency because anti-rebate rhetoric is always swirling about. The department of justice tackles the issue of rebates and discounts by encouraging price competition with resounding authority, and quells the misbegotten notion it constitutes a RESPA violation. HUD makes clear, on proper disclosu...
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