When it comes to selling a home, a real estate commission is paid by the seller.
In actuality... the buyer pays the real estate commission.
It's from the sales price that the notary or lawyer takes the commission from and distributes to the seller at the closing (the completion day)
Real estate commissions are 100% negotiable. There is no set or fixed price that an agent will charge a homeowner to sell their home. That being said, agents have their own minimum standard.
Many brokerages charge 7% on the first $100,000 and 2.5% of the balance. They've also charged more and less as well as a flat rate. Generally half of this goes to the buyers brokerage and the rest goes to the listing brokerage.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
