TERMS AND DISCLAIMERS

Minnesota Home Buyers Club

Credits, Disclosures & Legal Notice

Home Buyers Club Program Overview

The Minnesota Home Buyers Club (“Home Buyers Club” or “the Program”) is an educational and incentive-based program designed to help prospective home buyers prepare for and successfully complete the purchase of a residential property.

The Program is owned and operated by The Feland Real Estate Group (“Program Owner”), who is:

  • A licensed Mortgage Loan Originator with Executive Mortgage Brokers, LLC

  • A licensed Real Estate Agent affiliated with Bridge Realty, Inc.

Home Buyers Club Credits – Important Terms & Conditions

1. Use of Both Services Required

Home Buyers Club Credits have no cash value and may only be redeemed if the participant uses both of the following services through the Home Buyers Club Program:

  • Real estate buyer representation provided by Robert Feland (through Bridge Realty, Inc.), and

  • Mortgage loan origination services provided by Robert Feland (through Executive Mortgage Brokers, LLC)

If either service is not used, no credits may be redeemed, transferred, or substituted.

2. Maximum Credit Limit

The maximum total credit that may be applied toward a transaction is $1,000.

  • Participants may earn more than $1,000 in Program credits through activities, milestones, or participation.

  • Credits earned in excess of $1,000 have no additional cash or financial value and may not be redeemed, carried forward, transferred, or converted into any other benefit.

3. Source & Application of Credits

All Home Buyers Club Credits are:

  • Provided solely at the discretion of the Program Owner

  • Funded from sources determined exclusively by the Program Owner, which may include:

    • Brokerage commissions

    • Marketing allowances

    • Lender credits

    • Other lawful compensation sources

The method, timing, and form of credit application (e.g., closing cost credit, lender credit, or commission credit) are determined by the Program Owner and must comply with all applicable federal, state, and lender guidelines.

4. No Guarantee of Approval or Closing

Participation in the Home Buyers Club:

  • Does not guarantee mortgage loan approval

  • Does not guarantee acceptance of an offer to purchase

  • Does not guarantee the successful closing of a real estate transaction

All mortgage approvals are subject to underwriting, lender requirements, credit, income, assets, property eligibility, and applicable laws.

5. Credits Subject to Compliance & Lender Approval

Home Buyers Club Credits:

  • Are subject to all applicable federal, state, and local laws

  • Must comply with lender guidelines, including limits on interested-party contributions

  • May be reduced or eliminated if necessary to meet compliance or underwriting requirements

If a lender or regulatory requirement prohibits the use of credits, no cash alternative or substitution will be provided.

6. Non-Transferability

Home Buyers Club Credits:

  • Are non-transferable

  • May not be assigned, sold, gifted, or shared

  • May only be used by the registered participant on their own primary transaction unless otherwise required by law

7. Independent Decision-Making

Participants are encouraged to:

  • Seek independent legal, tax, or financial advice if desired

  • Understand that participation is voluntary

  • Make informed decisions regarding real estate and mortgage services

No aspect of the Program is intended to pressure or obligate a participant to proceed with a transaction.

8. Program Modification or Termination

The Program Owner reserves the right to:

  • Modify, suspend, or terminate the Home Buyers Club Program

  • Change credit rules, limits, or eligibility requirements

  • Update these terms at any time

Any changes will apply prospectively and will not retroactively affect credits already redeemed.

9. Equal Housing Opportunity

The Home Buyers Club is offered in compliance with Fair Housing laws.
Participation and services are provided without regard to race, color, religion, sex, handicap, familial status, national origin, or any other protected class.

10. No Legal or Tax Advice

The Home Buyers Club does not provide legal or tax advice.
Any questions regarding tax consequences of credits or incentives should be directed to a qualified professional.