Can a broker offer thousands of dollars cash back on a condo sale????

Question

I am trying to buy a condo from a Real Estate company and they are offering me $50 thousand cash back. Is this legal?
The condo is going for $700,000 and they will give me $50,000 back at the close of escrow
I understand that it is my $50,000 that they are giving me, but this sounds a little fishy.
Should I be concerned, and is this deal on the level?
Thank you for your time,
Geoff

Answer 1

First Rule: If it sounds too good to be than it is (too good to be true)
Second Rule: Refer to First Rule.

Answer 2

You're getting a raw deal. You will pay higher property taxes on the condo forever. This is a deal for fools.