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 $500,000, the commission would be $21,000.00.
Since this is a service, 5% GST of $1050.00 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.
