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.

Recent Posts

Archives

Testimonials

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

Marie and LOVE Real Estate Team are simply the best. Marie’s excellent advice, knowledge of all things house-related, her attention to detail, and outstanding commitment all factored into us getting the house of our dreams!

Throughout our experience working with Marie, she demonstrated her integrity time and again through her dealings with us and with other realtors. Throughout the process of looking for and purchasing our new home, she was patient, understanding, and an absolute pleasure to work with. We have come to trust her completely and we would highly recommend her to anyone.

Chris and Miki Flynn