Who Really pays the Real Estate Commission?

Published By: on August 4th, 2011 in Category Nanaimo Real Estate News
Published By: on August 4th, 2011 in Category Nanaimo Real Estate News

It is often said that Buyers Agent’s services are free. It is true that  buyers do not pay anything for their Realtor’s services, up front, but when a deal is made the buyer’s Realtor will usually receive half of the commission from the listing Realtor. Who comes up with the money for the commission? The standard answer is The Sellers. However, when you stop and think about about it, the only people putting money on the table are The Buyers, so who is really paying the commission? Truly, the cost of the commission is built into the listing price. The cost of the Realtor’s commission was rolled into the price of the house when you bought and it is rolled into the price of the house when you sell it. That’s how our industry with it’s fantastic MLS system is funded.

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We had been planning a move from Calgary to Nanaimo for retirement purposes for a few years. Upon discovering Love Real Estate Group a relationship began. Over a period of time, with patience, professionalism, good humour and integrity, Love Real Estate Group helped us secure a home that met our needs and our wishes. We are happy to recommend Love Real Estate Group to anyone looking to buy a property in the Nanaimo area.

Diane and Tom Crawford

We really appreciated Lisa’s help finding the perfect condo for us in Nanaimo. Lisa was a pleasure to work with, responding promptly, cheerfully and efficiently to even the smallest request. She worked tirelessly to get us familiar with different neighbourhoods and to consider different options. Even after the sale was completed successfully – which she facilitated professionally and expeditiously – she was always available to help. Working with Lisa was a great experience.

Alison MacPhail