Commissions 2024

2 years ago

last modified: 2 years ago

(Sorry if this has been discussed before, I did look, please feel free to link.)

Curious what sellers are actually finding commissions looking like in the past couple months. Has anything effectively changed from thr 5-6% that either gets split or not?

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Comments (5)

maddielee
2 years ago
? The changes that won’t happen til July or August if the courts approve the Real Estate settlement? Is that what you are wondering about?
kathyg_in_mi
2 years ago
We have an empty lake front lot for sale. Realtor takes 7%. They only represent sellers.
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elcieg
2 years ago
last modified: 2 years ago
The seller can negotiate the commission with the agent. If you think the agent's rate is too high, then find another broker. Keep in mind your agent will (or should) work hard for you. We have purchased and sold several homes over the years and I look for the best realtor to guide us. Happy to pay the commission when the sale is smooth and successful.
3katz4me
2 years ago
Negotiated 5% from the usual 6%. I want the commission for the buyer's agent to be comparable to other competitive properties that are for sale.
worthy
2 years ago
The standard in the Greater Toronto Area, if you insist, is 4% on higher-end properties. Plus our wonderful 13% Harmonized Sales Tax (HST). That's quite a chunk of cash in a region where the benchmark detached home price is an average of C$1.708M.