Personal Finance

real estate agent commissions

  • Last Updated:
  • Oct 8th, 2015 7:17 pm
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[OP]
Sr. Member
Dec 19, 2010
841 posts
296 upvotes
Toronto, Ontario

real estate agent commissions

never had a sell a home before so just wanted to get some opinions and past experiences.

what is a reasonable total commission to expect for buyer + selling agent?
the commission usually is + HST afterwards as well correct, can this be negotiated into the price?

what is the best realistic/fair overall commission? would say 2.5-3% all in be fair?
7 replies
Member
Jun 29, 2015
259 posts
29 upvotes
Toronto, ON
jamieee wrote: never had a sell a home before so just wanted to get some opinions and past experiences.

what is a reasonable total commission to expect for buyer + selling agent?
the commission usually is + HST afterwards as well correct, can this be negotiated into the price?

what is the best realistic/fair overall commission? would say 2.5-3% all in be fair?
2.5% for each side is standard, it is negotiable though.
[OP]
Sr. Member
Dec 19, 2010
841 posts
296 upvotes
Toronto, Ontario
LetsGoBJs wrote: 2.5% for each side is standard, it is negotiable though.
then is there HST on top of that? can anyone confirm?
also, has anyone managed to get 3% all in (includes buying & selling commissions) with HST included as well?
Deal Expert
User avatar
Aug 2, 2010
15193 posts
4974 upvotes
Here 'n There
jamieee wrote: then is there HST on top of that? can anyone confirm?
also, has anyone managed to get 3% all in (includes buying & selling commissions) with HST included as well?
Yes and yes but not with HST included.
[OP]
Sr. Member
Dec 19, 2010
841 posts
296 upvotes
Toronto, Ontario
eonibm wrote: Yes and yes but not with HST included.
thanks
Deal Addict
Oct 1, 2006
2423 posts
2639 upvotes
Montreal
Yes, 1% for selling agent and 2% for buying agent is easy to get.
Deal Fanatic
User avatar
Apr 20, 2011
5310 posts
484 upvotes
Vancouver
jamieee wrote: never had a sell a home before so just wanted to get some opinions and past experiences.

what is a reasonable total commission to expect for buyer + selling agent?
the commission usually is + HST afterwards as well correct, can this be negotiated into the price?

what is the best realistic/fair overall commission? would say 2.5-3% all in be fair?
fsbofsbo is a decent place if you're not looking for a full service provider

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