Calgary Real Estate Commissions
Calgary Real Estate Commissions are Negotiable
The most common Real Estate Commission we see as Realtors in Calgary.
- 7% on the First $100,000 and 3% on The Balance of the Sale Price
- Percent of the Sale Price of all Kinds
- Flat Rates of all Kinds
Who pays the real estate commission? Is it the home buyer or the home seller?
Follow the money, the home seller pays the real estate commission with money collected from the home buyer.
It appears the home seller is paying, but it is really the home buyer that pays the full commission.
Follow the Money.
- A House For Sale (listing) contract is signed
- Seller agrees to pay a commission from the house sale proceeds to the sellers Realtor
- The Seller's Realtor agrees to pay (offers) a % or Flat Rate to any Buyers Realtor that brings a buyer to buy the house
- The house sells (Money Shows Up)
- Seller gets paid
- Sellers Realtor gets paid by the Seller
- Sellers Realtor pays the Buyers Realtor
There is no money until a buyer shows up and buys. Then the buyer's money is split between the Seller, the Seller's Realtor and the Buyer's Realtor as agreed.
Once Realtors get paid, that money gets split again with a large amount going to the Real Estate Industry that supports, organizes and holds accountable real estate Industry members.
Real Estate Commissions are how the Real Estate Industry gets paid.
Without a Real Estate Industry it would be absolute chaos, confusion, legal battles and worse for home buyers and home sellers.
Nobody Likes Paying Commissions including Jerry Charlton!
It's a bit like taxes, we hate paying taxes, but we love our country and the benefits we receive because taxes are paid!!
Realtor Commissions are Negotiable
Home Buyer Ultimately Pays The Realtor Commissions
Realtor Commissions Support the Real Estate Industry and Pay Taxes