In BC, the most commonly used commission rate is 7% of the first $100,000, then 3-3.5% on the rest of the amount. Real estate agents have full control over their commission rate, regardless of who they are working for and some brokerages will go even as low as 1%.
- Lets talk about how commission works
Real Estate Agents get paid to work and having a standard commission always helps. To agents, a 3% commission is a lot more attractive than 1% and if anything, is more of an incentive to show your property to their buyer. Although the Real Estate Council prohibits real estate agents to from doing this, some agents would rather show properties with standard commissions as this directly affects their paycheque.
- The resources available & marketing power of these agents are usually a lot less smaller. Less commission typically results in less resources for marketing and sometimes you as a seller may be asked to pay for marketing when is the real estate agent’s responsibility.
At Residencity, we offer a full commission to the selling agent ensuring that we do not deter other Real Estate Agents as they are the ones with majority of the buyers
We differ by utilizing a standardized 6 step process that we follow for every listing we receive regardless of marketing conditions, property size or location.
With service from all of our agents, top of the line marketing from professional staging to enhanced MLS listings to professional photography and videography, all of this should automatically lead selling your home for a higher price. Give us a call at 604.288.9166 or email us to set up a consultation and see what we can do for you.