Ontheboatout

Perhaps but all Provinces are covered by the Canadian Real Estate Association (CREA) and it's Code of Ethics and interpretations.

dingbat

You haven't been here long have you?

Ontheboatout

I can only speak to my area.

Surrey Expat

When we sold last we paid 7% on the first $100,000 & 1.5% on the balance (after a bit of discussion). A lot depends on how hungry and motivated the Realtor is.

Ontheboatout

Was that in Nova Scotia? Maybe it varies by Province and area.

Tangram

Because of this I think Ontheboatout "Stop being an old bag and think yourself lucky you".

R I C H

7% on the first $100k and between 1-3% on everything else is the standard deal here (for an average family home), though as I've said those figures are negotiable.

Once the house price is over $1m, then the 'rules' change somewhat - sometimes a flat rate commission is offered, or lower percentages splitting the first $250K and everything above. I was offered a deal with a capped commission rate too.

R I C H

Why?

Realtors don't undergo the same length of study as lawyers to become qualified, and they do a different job. Why would I want to consider them similar?

I'm not anti-realtor, but your comment makes no sense to me. If you feel the need to justify the fees, then do a professional job for your client and make them feel that they're getting value for money, rather than trying to convince them you're virtually a lawyer.

Surrey Expat

Realtors are like Lawyers? One is a salesman who has passed the real estate course, which takes what, 12 weeks of home study and has to abide by a code of conduct (largely because their predecessors didn't). The other goes to university for 5-6 years and then works their way up in a firm for several years and is controlled by the law society. I have nothing against Realtors, however with prices rising to the degree they are and if commissions do not reflect this I think we will see far more types of businesses such as www.propertyguys.com


For 6% selling a $450,000 home that is $27,000 commission. Even my lawyer has never charged me that.

Elaine B.

Then of course you get the real estate agent who screw something up and expects the lawyer to fix it.

daft batty

Mean post, nasty.

Ontheboatout

But that's her/his username!!!!! "Old Bag" It's like a play on words - Shakespeare did it a lot in Hamlet.

daft batty

I know you said there were only 2 agents, and if so they probable agree what their fees are and so refuse to budge. Bit like the two gas stations that are opposite each other and always have exactly the same price.

Are there any bigger towns nearby where you could find someone to break this monopoly? Here there are a couple of agents who charge less, one is fixed rate and the other MinCom, (minimum commission) Cynic that I am I wondered if realtors didnt try to push houses that are sold by them as they would be paid less??

And on another point, whats a broker, what do they do?

daft batty

Only Hamlet?

So do we say, Get On The Next Boat Out or stop being mean, or if you intention is a joke, use an emoticon then we know!!

see , like this

Steve_P

I am well aware that the commission would likely be split with another agent but even at that it if the 6% applies then it is still considerably higher than here in Calgary.

I've been here long enough to understand the workings of real estate sales you don't have to explain (rationalise).