| Commision Rates Charged | |||
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| The competition act of BC states that there is no set or standard commission rate that is charged by a Real Estate Company. The commission rate that our company "RE/MAX Crest Realty (Westside)" charges is 7% on the 1st $100,000 and 3.5% on the balance of the sale price. For example if you were to sell your property for $300,000, the commission would be $14,000.00. Since this is a service, 5% GST of $700.00 is also applicable. So the total commission + 5% GST payable by the Seller on a sale of $500,000.00 would be $22,050.00. | |||
The legal fees charged by most Lawyers and Notary's to transfer or sell a property are in the range of $850.00 - $900.00 + 5% GST. Please go to the Lawyers & Notary Public Link on my Web Site to get further details from any of the professionals listed. |
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| Commisions Charged By RE/MAX Realtors - RE/MAX Times Article | |||
| 60 Minutes News on CBC - Chipping Away At Realtors' Six Percent | |||