Realtor - Brampton


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Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 08-06-09 06:09:07

Thanks Iceberg ,

Yesterday some one suggested that buyer's realtors give a part of their commission up to 1.5% of 2.5% to the buyer ........ Is this a common practice ?


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Fido.


viggy   
Member since: Aug 07
Posts: 569
Location:

Post ID: #PID Posted on: 08-06-09 07:56:14

I don't think so.. I got a $100 home depot gift card as a gift! But I guess everything is up for negotiation. But in any case 1.5-2.5% sounds too high as the buyer's agent get only 2.5% and part of it goes to the realty company.



rahul_singh23   
Member since: Apr 05
Posts: 1014
Location:

Post ID: #PID Posted on: 08-06-09 13:26:54

Hi fido,
Yes, this is happening in Calgary. Buyer’s agent is passing that commission to buyer because who is brining buyer has upper hand. Buyer’s agent might be getting some extra %age from seller's agent.

Buyer and seller’s agent, reality, lawyer, inspector and everyone who does involve in transaction (commission) works as team. If one person gets out of sync that can jeopardize everybody's $$. Loosing few hundred $ is better than no deal.


Fido: I sent this message to your email by mistake. Sorry for that.

Quote:
Originally posted by Fido

Thanks Iceberg ,

Yesterday some one suggested that buyer's realtors give a part of their commission up to 1.5% of 2.5% to the buyer ........ Is this a common practice ?



Contributors: Fido(2) brampton(2) Simmi(2) Hemang(1) Iceberg(1) viggy(1) rahul_singh23(1)



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