Brokerage terminates agent who founded rebate network

Long & Foster cites concerns about rebate business model

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.