Quote:
Originally Posted by Gumby
According to the Real Estate Board of Greater Vancouver, there is no set commission rate!
However, I just sold my house in April, and we used the "standard" rate:
Commission = 7% on first $100k and 2.5 on remainder
Buyer's agent gets 46.5% of the commission + HST
Seller's agent gets 53.5% of the commission + HST (because he has more expenses than the buyer's agent, my agent had to pay his agency + REBGV for listing on MLS)
All of this can be negotiable...
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Yes, and when you hammer your agent too much, the buyers agents just won't show your house.