Brokerage terminates agent who founded rebate network

Long & Foster cites concerns about rebate business model

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Ron Patterson, a Long & Foster Realtor who launched a rebate referral network, received notice Wednesday that the brokerage company had terminated its association with him, he told Inman News.

Patterson’s Realty Legacy business model, which was featured in a March 7 Inman News article, offers rebates to consumers outside of the settlement process.