Offer available for ANY RESIDENTIAL PROPERTIES for sale on Realtor.ca/MLS®
Typical rate of real estate commission that buyer’s agents earn is 3.5% on the 1st $100,000 and 1.5% on the balance of sale price. We estimate that about 80-90% of Properties for sale on Realtor.ca/MLS® offer buyer’s agents 3.5%/1.5% commission.
e.g. You purchase a home for $500,000. Your agent earns $9,500.
25% of $9,500 is $2,375. In this example Cash Incentive for you is $2,375.
NOTE: Commission rate may vary by properties, which affects the amount of commission we earn, thus affects your Cash Incentive.
We share our earned commission with our buyer client who signed ” Exclusive Buyer Representation Agreement” with us and complete a purchase of residential property, excluding mobile homes.
You receive a cheque sent from us within 30days of completion(Possession day) of your purchase.
Please be advised that CASH INCENTIVE becomes available AFTER possession date, thus may not be considered as a part of your equity from Bank’s perspective. You may not count on CASH INCENTIVE for the financing purpose to purchase this particular property.
Do I have to pay Commission?
" Yes and No "
Commission you are required to pay would normally be covered by commission we earn from seller
Our fee is 3.5% on the 1st $100,000 and 1.5% on the balance of your purchase price as many other real estate brokerages would charge you.
Buyers, however, do not often pay our fee because Our fee gets offset by the commission that sellers offer to buyer’s agent. Approximately 80-90% of Properties for sale on Realtor.ca/MLS® offer buyer’s agents 3.5%/1.5% commission that totally offset your obligation of our fee. And this is the source of your Cash Incentive.
For above reason Our buyer clients do not pay commission in many cases, plus they get paid in a form of “Cash Incentive”.
Also subject to regular terms and conditions
Requirements
" Rules "