How is the buyer’s commission determined?
September 7th, 2014
The seller determines this amount during the listing process. This amount is entirely up to the seller. Let’s say that you list your property for $500,000. For listing your property, you will pay us $499 (assuming you don’t want any other services). In the case a buyer were to contact you directly then you can sell your home to them and you have sold your property for $499. If, however, you are approached by a REALTOR® representing the buyer and you sell your home, then you will be obliged to pay the commission that you had pre-determined on your MLS® listing, although it is still negotiable and $995 is to be paid to our brokerage for processing the deal which includes Board fees and Brokerage fees.
