This blog will try to answer homebuyers’ questions regarding the real estate commission in BC. This is especially true for higher value properties because the graduated commission system in B.C. There’s no set commission rate for real estate agents in Canada, so this is a good question to ask. Working as a Vancouver Realtor for the last 10 years, I have worked with many home Sellers. RECBC believes that a real estate professional can’t be truly loyal to two clients with competing interests. We license individuals and brokerages engaged in real estate sales, rental and strata property managers. In British Columbia, home seller is usually responsible for paying the Seller’s and Buyer’s realtor fees. Real estate agents generally do not charge home buyers any commission for pre-construction or presale homes. Buyers agent receives 3.125% on the first $100,000 and 1.1625% … RE/MAX is a real estate brokerage franchise individually owned and operated. Wowa Leads, Inc. is proud to be an Equal Employment Opportunity employer. In rare cases, if the seller lists the property by themselves or chooses not to give a buyer agent commission, the buyer may have to pay their agent the difference. However, such cases are rare and real estate agents will generally let you know beforehand if it is the case. If you buy a house for $225,000, and your Realtor's commission is 4.6%, then you'll be paying your Realtor $10,350. vary from region to region. My company charges a commission rate of 4.25%. There are many additional closing costs involved in selling a home including lawyer fees, penalties from closing out a mortgage too early, as well as legal fees. Buyer’s agent commission in Greater Vancouver Area: Seller’s agent commissions in Greater Vancouver Area: Buyer’s agent commission in Fraser Valley Area: Seller’s agent commission in Fraser Valley Area: Municipalities in the Fraser Valley include: Buyer’s agent commission in Victoria Area: Seller’s agent commission in Victoria Area: Housing market data was retrieved from the. Commissions paid to real estate agents in Canada typically range between 3% to 7% of the final purchase price, depending on region and the agent used.. Find a RE/MAX Agent. It’s important to remember that cheaper isn’t necessarily better. How real estate commission is split can vary depending on what the seller arranges with their agent. When buying a condo in Vancouver, if you are working with a Buyer realtor, your realtor will receive real estate commission from the Seller. If you are looking to save money during the selling process and get outstanding service at the same time, you can use WOWA to find agents with lower real estate commission. So, for example, commissions on a home that sells for about $500,000 — the average price in Canada — would total $15,000 to $35,000. As a Realtor, home buyers often asked me what are “real estate fees” or “Commission” in BC. This amount is the TOTAL commission, there is NO extra commission costs. Buyer’s typically don’t pay a Realtor fee when, Main Street, Commercial Drive & More: A Local’s Guide to East Vancouver, Frequently Asked Questions (FAQs) about BC Realtor Fees. He know his house is worth more than his tax assessment value because his property has recently been re-zoned for duplex development. Ontario is first with 79,000 and 38 real estate boards. Therefore, the total Real Estate Commission I would receive is 3.745% on the first $100,000 and 1.3375% on the balance of the sale price for properties. 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