Case study: Purchse of $500,000- home
Typical real estate commission Real estate brokerages earn in Calgary is 3.5% on the 1st $100,000- and 1.5% on the balance of the net purchase price. Let’s say the buyer completed the purchase of a half million dollars $500,000- home.
The commission our brokerage earns is $9,500-.
The buyer will be rewarded with $1,945- within 30days of completion of the purchase.
NOTE: Commission rate that listing brokerages offer to buying brokerages may vary by listings. Above case study uses 3.5%/1.5% commission rate for simulation purpose only. While we estimate about 70-80% of MLS listings offer 3.5%/1.5% commission to buying brokerages, some listings may offer much less commission rate which may reduce your cash incentive significantly if you choose to purchase those listings. We disclose the offered commission rate of every listings you have viewed before writing an offer.