@CBKCANADA Commission is negotiable. When reviewing the Buyer Representation Agreement with the salesperson, ask how much they charge. In a typical real estate transaction, it is the seller who pays the commission. However, there may be some instances when a buyer is obligated to pay. For instance, if you agreed to a commission rate of 2.5% and the seller has agreed to pay your brokerage 2.5%, your commission obligation is reduced to zero.
@CBKCANADA If instead, you agreed to 2.5% and the seller has agreed to pay your brokerage 2%, you are obligated to make up the difference of 1/2%. If the seller has not agreed to pay any commission to your brokerage, you would be obligated to pay the full 2.5%. The 2.5% is only being used as an example. The amount you negotiate could be anywhere from zero upwards.
how does the commission negotiating work?
CBKCANADA 2 weeks ago
@CBKCANADA Commission is negotiable. When reviewing the Buyer Representation Agreement with the salesperson, ask how much they charge. In a typical real estate transaction, it is the seller who pays the commission. However, there may be some instances when a buyer is obligated to pay. For instance, if you agreed to a commission rate of 2.5% and the seller has agreed to pay your brokerage 2.5%, your commission obligation is reduced to zero.
OREAinfo 2 weeks ago
@CBKCANADA If instead, you agreed to 2.5% and the seller has agreed to pay your brokerage 2%, you are obligated to make up the difference of 1/2%. If the seller has not agreed to pay any commission to your brokerage, you would be obligated to pay the full 2.5%. The 2.5% is only being used as an example. The amount you negotiate could be anywhere from zero upwards.
OREAinfo 2 weeks ago
A great video.
DiamondandKeyesTv 2 weeks ago
Good reason to believe by the prospective buyers. Realtor can make it happen. Just think about it!!!!
rashedmbutt 2 months ago
Love this! Simple, to the point and encouraging. Keep it up OREA.
GTArealtor1 3 months ago
Great video! Keep them coming!
absolutjro 5 months ago
Well done!
David Pylyp
Living in Toronto
DavidPylypTV 5 months ago