Cost Associated with Selling Real Estate

Commissions

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 North America. For instance the average commission rates in the US & most of Canada are 6% straight across - or $30,000 for a $500,000 sale. Homelife Benchmark Realty Corp. is much lower - 7% on the 1st $100,000 & 2.5% on the balance or $17,000 for a $500,000 sale.


Legal Representation

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.