Cost Associated with Selling Real Estate
Our listing commission is 7% on the first $100,000 and 2.5% on the balance of the final sale price (12% HST is applicable since this is a service). This commission is split between the listing and buyer's Realtors so you only pay once.
Listing Realtor (Sellers Agent) receives 54% of payable Commission
Selling Realtor (Buyers Agent) receives 46% of payable Commission
The Listing Realtor receives a slightly larger portion of the commission because they endure the expense of Advertising, MLS fees, Websites, Signs, ext.
Commissions are deducted from the proceeds of sale via a debit on the seller's statement of adjustments, at the time of completion, and paid directly to the realtor's brokerages by your legal representative on your behalf. There are no other fees charged by HomeLife to list/sell your property.
Our listing commission rate is among the most competitive in
You'll require a Lawyer or Notary Public in order to transact your sale, transfer title and discharge your mortgage if required. Costs usually range between $600 to $1500 plus dispersements plus HST, depending on the nature of the transaction.