First an explanation on how our listing fees work
When you list your property for sale with us on the Calgary MLS® System there is one fee that is broken into two separate parts – the listing brokerage fee and the buyers brokerage fee.
Each Realtor® is responsible for setting their own fees and as such there is no set rate and fees are negotiable.
The rate that we have developed is based on the services and experience we provide to you as a Seller.
- ‘Listing Brokerage Fee’ is the fee for all services & marketing that are provided to you as a Seller by us.
- ‘Buyers Brokerage Fee’ is the fee paid to a buyers agent who works to successfully bring an offer on your property.
- ‘Total Fees’ are the two fees added together plus GST that you will pay to the listing brokerage.Total fee is paid only after a successful sale has been completed (the buyers have taken possession of your property).
The total fee comes out of the sales proceeds at the time of closing through your Lawyer.
You will often see a fee structure something like 7% on the first $100,000 and 3% on the balance of the sale price plus GST.
Our experience is that this is often just confusing and often thought of as a 10% listing fee which is not the case at all.
To make things as easy as possible our fee is:
The buyers brokerage fee we will determine together based on the competing active properties on the Calgary MLS® System.
By showing you what other active properties in your specific market we can determine what the best competitive rate for a buyers broker is versus having a fixed rate in every case. We often see an amount of 3.5% on the first $100,000 and 1.5% on the balance of the sale price being offered to a buyers brokerage.
For a home that sells for $500,000 the fees would be broken down into:
Listing Brokerage Fee 3.5% of the first $100,000 and 1.5% of the balance of the sale price (plus GST)
Buyers Brokerage Fee of 3.5% of the first $100,000 and 1.5% of the balance of the sale price (plus GST)
Total Fee – 7.0% of the first $100,000 and 3.0% of the balance of the sale price (plus GST)