First of all, it's hearsay from some guy who knows some other guy who works in some office as an administrator. We don't even know which one but just that is one of the largest at a puny 8% market share if that.lkovacs wrote: ↑Jun 15th, 2015 10:05 amTrying to deduce what the discounts/rebates are by simply looking at the posted 2.5% commission rate on the MLS listing, is like trying to deduce the Sold price based on the Listed Price on the Public MLS listing. You can't deduce squat. You need to see the actual data.
For Sold data this is recorded on the agents MLS system as soon as the deal firms up.
Similarly for what the buyers agent final commission was, the data in is the trade record sheet which the brokerages process, and yes the administrator sees this. So your source is good.
If you think you and landking have figured something out from perhaps a dubious window into hearsay on 4% of all transactions in the GTA (ie 1/2 of the transactions being buys) then it's time to do Statistics 101 and I also have some land in Florida I think you'd be interested in.