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Commission Rates
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| The Competition Act is federal legislation that states there is no set or standard commission rate that is charged by a Real Estate Company. Our Brokerage prides itself on being a full service brokerage and recommends that we charge appropriately for the high level of service that we provide to our Clients. In exchange for a level of service that we believe is second to none in our industry, we charge 7% on the 1st $100,000 and 3.5% on the balance of the sale price. For example if you were to sell your property for $500,000, the commission would be $21,000. Since this is a service, 5% GST is also applicable (+ $1,050). So the total commission + 5% GST that is payable by the Seller on a sale of $500,000.00 would be $22,050. If you review our site, you can readily appreciate that we offer excellent value to our Clients that list their properties with us. | |||
The legal fees charged by most Lawyers and Notaries to transfer or sell a property are in the range of $850 - $1,000 + Tax. Please go to the Lawyers or Notary Public Link on our website to get future details from any of professionals listed. Commission charged by RE/MAX Realtors - RE/MAX Times Article - "Be worth what you charge" 60 minutes video clip showing the average commission rates commission rates in the US & most of Canada are 6% straight across - or 30,000 for a $500,000 sale - Our rates in Vancouver are much lower (7 & 3.5% or $21,000 for a $500,000 sale). Our Brokerage does Not Allow Terminations of the Listings any longer. Only Cancellations are allowed which are subject to a 60 day Relisting Restriction, and if private sale occurs within those 60 days, full commission will be due to our Agents, as set out by this contract. Our Brokerage reserves the right to Collect $2,000 from the Seller(s) on behalf of our Agents, in case the Seller(s) choose(s) to Cancel the Listing, for whatever reason, in order to cover office fees, board fees, listing fees and advertising fees that occur as soon as a New Listing is submitted. This Does Not apply for Expired Listings. |
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| Chipping Away At Realtors' Six Percent | |||
| Chipping away on Real Estate Commissions Video | |||
| 60 minutes video clip showing the average commission rates in the US & Ontario Canada are 6% straight across - our rates in Vancouver are much lower (7 & 3.5%) | |||
