Low 1% Listing Agent Commissions Explained

Let Me Show You What A 1% Listing Fee Commission Really Means

TRADITIONAL REALTOR COSTS OF SELLING YOUR HOME

When you sell your home, there are typically two agents involved:

01. The agent selling the home, also known as the “Listing Agent”.

02. The “Buying Agent”, who represents whoever actually buys the home.

Each agent will receive 2.5% of the final selling price, so the total you will pay in agent commissions is 5% (2 X 2.5%).

If your Toronto home sells for $900,00.00, for example, you would pay $45,000.00 in total commissions.

The two agents involved would then split that total commission and receive $22,500.00 each.

Here is how it normally works:

Toronto Home Sellers

HOME SELLERS

This couple is selling their Toronto home and have hired what is called a “Listing Agent” to help them with everything involved.

Traditional Listing Agent In Toronto

LISTING AGENT

“Listing Agents” represent the home sellers and take care of legal things, listings, home showings and negotiate to sell the home for the highest possible price.

“Listing Agents” traditionally receive 2.5% of a home’s final sale price.

Toronto Home Being Sold

HOME FOR SALE

The “Listing Agent” appraises the home,  assesses it against similar neighbourhood sales and sets a market price.

The selling price is adjustable and can be raised or lowered.

5% of the final sale price will be divided by the “Listing” & “Buying” agents.

Traditional Buying Agent In Toronto

BUYING AGENT

“Buying Agents” represent the home buyers and take care of legal things, finding homes to view and negotiate to buy the home for the lowest possible price.

“Buying Agents” traditionally receive 2.5% of a home’s final sale price.

Toronto Home Buyers

HOME BUYERS

This couple wants to buy a house in Toronto and have hired what is called a “Buying Agent” to help them with everything.

SELLING YOUR HOME WITH A LOW COMMISSION LISTING AGENT

Both agents work independently of one another and the “Buying Agent” still receives 2.5% of the final selling price.

If you hire Wade as your “Listing Agent”, his fee is reduced to just 1% (instead of 2.5%).

In the above example, this would save the home sellers $13,500.00.

This is how it will work with Wade involved:

Toronto Home Sellers

HOME SELLERS

This couple is selling their Toronto home and have hired what is called a “Listing Agent” to help them with everything involved.

1 Per Cent Real Estate Listing Agent In Toronto

WADE KOVACIC

As the “Listing Agent”, Wade will provide the  sellers with all (or more) of the same services and negotiate the highest selling price for the home (and often over asking).

Wade receives 1% of the final sale price and saves the sellers thousands.

Toronto Home Being Sold

HOME FOR SALE

The “Listing Agent” appraises the home,  assesses it against similar neighbourhood sales and sets a market price.The selling price is adjustable and can be raised or lowered.

3.5% of the final sale price will be divided by the “Listing” & “Buying” agents.

Traditional Buying Agent In Toronto

BUYING AGENT

“Buying Agents” represent the home buyers and take care of legal things, finding homes to view and negotiate to buy the home for the lowest possible price.

“Selling Agents” traditionally receive 2.5% of a home’s final sale price.

Toronto Home Buyers

HOME BUYERS

This couple wants to buy a house in Toronto and have hired what is called a “Buying Agent” to help them with everything.

“Low 1% Commission” refers to what you will be paying to the “Listing Agent” and  saves you 1.5% of the home’s final selling price.

You Still Get My Brand Name Services

Just because you pay less in commission fees doesn’t mean you’ll receive inferior services:

Why pay more in agent commission fees if you don’t have to?

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