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Terms of Use

Effective Date: May 16, 2026

These Terms of Use govern your access to and use of CloseMint's website and services. By using CloseMint, you agree to these terms. Read them carefully — they explain how CloseMint works, what we promise, what we don't, and the legal framework that applies.

1. Acceptance of Terms

By accessing closemint.com, submitting a form, opting into communications, or working with a CloseMint-matched agent, you accept these Terms of Use and our Privacy Policy. If you do not agree, do not use the service. These terms form a binding agreement between you and CloseMint.

2. Description of Service

CloseMint is a licensed real estate referral service that operates in 40 U.S. states. We match consumers with vetted local real estate agents and share a portion of the referral fee we receive from the agent's brokerage with you as your closing rebate.

CloseMint is not a real estate brokerage. We do not list homes, represent buyers or sellers in transactions, hold escrow, or provide settlement services. All real estate services are provided by licensed independent brokers in your state. CloseMint is not a settlement service provider, lender, title company, or escrow company.

3. Eligibility

  • You must be at least 18 years old to use CloseMint.
  • The standard rebate program applies to homes priced $200,000 and above. We can still match you with a local agent for transactions below this threshold, but without a closing rebate.
  • The rebate program is not available in 10 states due to state law or regulator policy: Alabama (AL), Alaska (AK), Iowa (IA), Kansas (KS), Louisiana (LA), Mississippi (MS), Missouri (MO), Oklahoma (OK), Oregon (OR), and Tennessee (TN).
  • You may not use CloseMint if you are already under an exclusive buyer-broker agreement or exclusive listing agreement with another agent for the property in question.

4. No Guarantee of Rebate

The actual rebate you receive depends on multiple factors including: the final sale price of the home, the commission negotiated by your matched agent, lender approval (for buyers), state law, and successful closing of the transaction. CloseMint advertises rebates of up to 50% of the net referral fee — this represents the maximum, and your actual rebate may be lower.

CloseMint does not guarantee any specific rebate amount, dollar figure, or outcome. We commit only to the formula disclosed at the time of agent matching. Estimates shown on the website are illustrative and based on modeled assumptions; actual results vary.

5. Agent Matching and Vetting

CloseMint matches consumers with vetted local real estate agents from our network. Our vetting standard requires every network agent to be:

  • Licensed in good standing in the relevant state
  • Active with at least 6 closings in the trailing 12 months
  • A signatory of CloseMint's referral agreement
  • Free of unresolved disciplinary actions on their license

You are not obligated to use the agent we match you with. If you choose not to work with the matched agent, no rebate is earned and no fee is owed by you. CloseMint does not employ agents and does not control how matched agents perform their services.

6. Closing Cost & Lender Interaction

This section explains how the CloseMint rebate interacts with your mortgage, your Closing Disclosure, seller-paid closing costs, and applicable tax treatment.

6.1 Rebate appears on the Closing Disclosure

Your CloseMint rebate is paid by your matched real estate agent at closing and will appear as a credit on your federally-required Closing Disclosure (CD). The rebate reduces your cash-to-close or is paid to you directly per state law, lender practice, and the matched agent's brokerage policy. It is treated by HUD interpretation as a discount on agent commission, not a settlement-service fee.

6.2 Lender disclosure is your responsibility

Federal lending rules (Regulation Z and the TILA-RESPA Integrated Disclosure rule — "TRID") require any rebate that appears on your Closing Disclosure to be visible to your mortgage lender. You must disclose the CloseMint rebate to your lender during the loan application process. Failure to disclose may result in loan delays, denial, re-underwriting, or accusations of misrepresentation. CloseMint and your matched agent will assist with the conversation, but the obligation to disclose to your lender remains yours. CloseMint is not responsible for loan denials or delays arising from undisclosed rebates.

6.3 Interested Party Contribution (IPC) caps

Federally-backed loan programs (FHA, VA, USDA) and conventional loans at high loan-to-value ratios cap the amount of Interested Party Contributions (IPC) a borrower may receive. Depending on your lender's interpretation, the CloseMint rebate may count toward your IPC cap when combined with seller-paid closing costs. Common caps:

  • Conventional: 3% of price/appraised value if LTV > 90%; 6% if LTV 75.01–90%; 9% if LTV ≤ 75%
  • FHA: 6% of the lesser of price or appraised value
  • VA: 4% on non-allowable closing costs (loan-related costs are uncapped)
  • USDA: 6% of the loan amount

Some lenders treat the agent rebate as a separate buyer credit (not an IPC). Consult your loan officer before signing a purchase agreement that includes seller concessions, so the combined credit structure complies with your loan program.

6.4 Seller-paid buyer closing costs (concessions)

If your purchase agreement includes seller concessions toward your closing costs, the CloseMint rebate is paid separately by your agent and is in addition to those concessions. However, your lender may apply the rebate against the IPC cap (see 6.3). You and your matched agent are responsible for ensuring the total credit structure complies with your loan program. If you are already at or near the IPC cap from seller concessions, the rebate may need to be reduced or restructured.

For sellers: any seller-side rebate is paid by your listing agent from their portion of the commission and does not change the buyer's contractual closing-cost obligations.

6.5 Tax treatment

Under current IRS guidance (including Revenue Ruling 2008-X and related authority), rebates from real estate agents to buyers are generally treated as a reduction in the buyer's purchase cost basis, not as taxable income. Seller-side rebates are generally treated as a reduction in commission paid. CloseMint is not a tax advisor and does not provide tax advice. Consult a qualified tax professional regarding your specific situation, particularly if you are using the property for investment purposes.

6.6 Restricted states

Real estate consumer rebates are prohibited or restricted by law in the following states: Alabama, Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, and Tennessee. CloseMint cannot facilitate rebates for transactions in those states. You can still be matched with a vetted local agent in those states — the cashback simply will not apply. State rebate laws change periodically; this list is reviewed annually with compliance counsel.

6.7 Lender decline scenario

If your lender declines to approve the rebate, you can still proceed with the matched agent — the rebate simply will not be applied to that transaction. There is no penalty to you, and no fees or obligations to CloseMint.

7. Referral Fee Structure

CloseMint receives a referral fee from the matched agent's brokerage at closing. CloseMint then shares a portion of that referral fee with you as your rebate. You pay nothing directly to CloseMint. Real estate commissions are paid by the parties to the transaction in the customary manner; CloseMint's compensation comes solely from the referral fee paid by the brokerage.

This arrangement complies with the Real Estate Settlement Procedures Act (RESPA) Section 8(c), which permits cooperative referral fees between licensed real estate professionals. CloseMint is a licensed real estate referral service authorized to receive and share these fees.

8. Multi-Transaction Lifecycle

CloseMint receives the agreed referral fee on the initial transaction completed between you and your matched agent. CloseMint also receives a referral fee on any subsequent transaction between you and the same matched agent that closes within 24 months of the original referral. This is industry-standard cooperative referral practice and is disclosed up front so you understand the full economic relationship.

9. Communications

By submitting a form on CloseMint, you consent to receive emails related to your transaction (estimate confirmations, agent matching, status updates, rebate disbursement). Transactional emails are required to deliver the service.

  • SMS / text messages require separate explicit opt-in (TCPA). Consent to receive marketing texts is not a condition of using CloseMint or being matched with an agent.
  • Marketing emails are sent only to users who have opted in separately. You can unsubscribe at any time using the link in any marketing message.

10. Disclaimer of Warranties

CloseMint provides the service "as is" and "as available." To the fullest extent permitted by law, we disclaim all warranties, express or implied, including warranties of merchantability, fitness for a particular purpose, and non-infringement.

CloseMint makes no warranty about the quality of any matched agent, the outcome of any transaction, market conditions, the timing or terms of any closing, or whether any specific lender will approve a buyer rebate. Real estate transactions involve risk that is inherent to the market and outside CloseMint's control.

11. Limitation of Liability

To the fullest extent permitted by law, CloseMint's total liability arising out of or related to these terms or your use of the service is limited to the actual rebate amount you would have received from the specific transaction at issue.

CloseMint is not liable for any consequential, incidental, special, indirect, punitive, or exemplary damages, including lost profits, lost data, or loss of business opportunity, even if advised of the possibility of such damages. Some jurisdictions do not permit the exclusion of certain damages; in those jurisdictions, our liability is limited to the maximum extent permitted by law.

12. Indemnification

You agree to indemnify, defend, and hold harmless CloseMint and its officers, employees, and contractors from any third-party claims, damages, costs, or expenses (including reasonable attorneys' fees) arising from your misuse of the service, your violation of these terms, or any false or misleading information you provide to CloseMint or to a matched agent.

13. Governing Law and Arbitration

These terms are governed by the laws of the State of Florida, without regard to conflict-of-laws principles. Any dispute arising from or related to these terms or your use of CloseMint will be resolved by binding arbitration administered in Florida under the rules of the American Arbitration Association. The arbitrator's decision is final and may be entered as a judgment in any court of competent jurisdiction.

Class action waiver. You and CloseMint each agree that any dispute will be brought in your or our individual capacity only, and not as a plaintiff or class member in any class, collective, or representative action. The arbitrator may not consolidate more than one person's claims and may not preside over any form of representative or class proceeding.

14. Modifications to Terms

CloseMint may update these terms from time to time. When we do, we will post the updated version here with a new effective date. For material changes, we will notify active users by email before the changes take effect. Your continued use of the service after the effective date constitutes acceptance of the updated terms.

15. Termination

Either party may terminate this agreement at any time. You may stop using CloseMint at any time by ceasing to access the website and unsubscribing from communications. CloseMint may suspend or terminate your access if you violate these terms or engage in fraudulent or abusive conduct.

Provisions surviving termination. Sections governing rebate disclosures, no guarantee of rebate, limitation of liability, indemnification, governing law and arbitration, and these surviving terms continue in effect after termination.

16. Required Business Disclosures

CloseMint is a licensed real estate referral service. Real estate services are provided by licensed independent brokers in your state. CloseMint does not provide brokerage, lending, title, or escrow services.

TODO: [Physical mailing address required for CAN-SPAM compliance. Update with Florida virtual mailbox address once registered.]

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