Real Estate Commission Victoria BC
Ok so you like many, are wondering what our real estate commission structure is and what you get in return for that commission, and rightfully so, after all selling a home is likely the biggest single financial transaction that an individual will make in a lifetime. Our commission is as unique as your home, you see it would be easy to charge the exact same as approximately 80% on the REALTOR® population charges, but that would border on being illegal, let us explain…
First you might ask what a typical Victoria real estate commission is.
Good question, and I challenge you to ask that question to an agent over the phone, you will be surprised how guarded they are, you see they are answering a very difficult question, that could land them in allot of hot water, or worse in JAIL.
Due to the Competition Bureau encouraging competition and discouraging collusion or price fixing, it is not an easy question to answer. Free enterprise would dictate that each agent, each situation, and each real estate commission is 100% negotiable. As a matter of fact it might even be said a real estate commission is negotiated several times throughout the process of selling your home. Commission is negotiated once when you list the home with the REALTOR® they negotiate the listing side, and the selling side, once more when you receive an offer, and sometimes again before a deal is firm or unconditional.
Go ahead ask us, we are used to it, we know you have to ask if we will reduce our commission, so you might as well ask up front, we understand you want to put as much in your pocket as you can, and we are here to help you do just that. After all, I doubt very much you would want to have an agent representing the largest single financial decision of your life that was incapable of negotiating his or her own wage?
Our Commission is unique, it inspires the 1300 or so Victoria REALTORS® to workfor us, to be on our side, and is 100% negotiable, you are in control all the way, the best part is there are no upfront fees, we take on all the risk, and all the expenses. If we don’t get you what you want, you don’t have to pay us a dime, that’s right, zero risk, zero out of pocket expenses, and if we don’t sell your home there is no charge for our services.
