How much are Real Estate Fees in Vancouver, BC

What Are Real Estate Commissions?

Real estate commissions are the fees you pay to your real estate agent for their services. In B.C., buyer and seller real estate agents charge a graduated commission based on the transaction value that usually ranges between 3% to 4% for the first $100,000 of a property's price and between 1% to 2% for the remaining total.

Commission scales in B.C. vary from region to region. For example, seller or listing agents in the Greater Vancouver Area usually charge 3.875% on the first $100,000 of a transaction's value while seller agents in the Greater Victoria Region usually charge 3%. However, there is no standard commission rate and agents may offer different commissions. In almost all cases, the home seller pays the commissions of both the seller and buyer real estate agents.


Buyer’s Agent Commission:

Buyers usually do not pay any commission directly to their agents. The buyer’s agent commission is paid by the seller after the real estate transaction closes. Buyer agents in B.C. usually set their commission using a graduated scale based on the final sale or transaction price of a property. While most agents stick to commonly used commission rates in their region, commissions will vary between different cities in British Columbia and are up to the individual buyer agent to determine.


Seller’s Agent Commission:

Seller agents in British Columbia usually set their commission using a graduated scale based on the final sale or transaction price of a property. There is no standard commission and the typical commission for the seller agents varies between different cities in British Columbia.


Buyer’s agent commission in Greater Vancouver Area: 3.125% on the first $100,000 of the home price and 1.1625% on the remaining total.

Seller’s agent commissions in Greater Vancouver Area: 3.875% on the first $100,000 and 1.3375% on the remaining total.

I charge a real estate commission of 7% on the 1st $100,000 and 2.5% on the balance of the sale price for properties in Vancouver.
Around half (50%) of the 7% on the 1st $100,000 and 2.5% on the balance is payable to a buyers agent who brings the seller an offer that completes at the Land Titles Office.
According to Canada’s Competition Act, there we Realtors are not supposed to say there is a standard real estate commission. There isn't one.
Real Estate commissions and the net proceeds (ie the amount a Seller receives from a real estate sale after costs) are often confusing for prospective property Sellers in Vancouver.
Most Sellers aren’t sure about how much commission they will have to pay and how much tax (GST/HST) will be payable on the real estate commission fee once the property sell

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Lola Oduwole

RE/MAX All Points Realty

101, 1020 Austin Avenue  Coquitlam,  BC  V3K 3P1 

Phone: 6048096317

lolaoduwole@yahoo.ca

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Lola Oduwole

Phone: 6048096317

EMAIL

Office Info

RE/MAX All Points Realty

101, 1020 Austin Avenue  Coquitlam,  BC  V3K 3P1 

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