Sales Commission?

How much commission should I offer?

Answer:

The Competition Act is federal legislation that states there are no 'set' industry commission rates - commission rates are negotiable.  Having said that, typical sales commission rates for home re-sales in BC 7% for the first $100,000 and 2.5% on the balance of the selling price.

My fee is always NEGOTIABLE.  

This service includes:

- Full MLS® exposure in the real estate system
- Full MLS® coverage (MLS® website & MLS® Real Estate Review Bi-Weekly Publication)
- Weekly newspaper advertising in The Real Estate Weekly 

- Full description & listing on Sutton Group - Westcoast Realty website & my own personal website
- Experienced professional real estate service
- Full Service Brokerage at a fraction of the cost
- Professional signage, listing documents (title search, strata documents etc)

If your original listing contract expires before the property is sold, you don’t pay a cent!
 
Because your business is so important to me, if I don’t do what I say I’m going to do, or if you find your own buyer.  I’ll give you an UNCONDITIONAL release of the MLS® contract!

How long will it take for my home to sell?

Answer:

The length of time it takes to sell a home depends on three factors:
- the general level of activity in the real estate market;
- how competitive your home's asking price is; and
- how competitive your home's selling commission is.

In order to help sell a home, agents typically offer half of the common commission described above to other agents to find a buyer for a home. This offer of commission is made through your local board's MLS® system and is referred to as either the "selling commssion" or "co-op commission".