How Do Real Estate Commissions Work?
Subscribe to Keeping Real Estate Real: https://www.youtube.com/subscription_center?add_user=thevillageguru The Village Guru, Jeffrey O’Leary, Mississauga Real Estate Agent talks about how real estate commissions work, and what you can expect as a home buyer. For more great videos on real estate, be sure to subscribe or check out www.thevillageguru.com Summary: There are a lot of misconceptions out
Subscribe to Keeping Real Estate Real: https://www.youtube.com/subscription_center?add_user=thevillageguru
The Village Guru, Jeffrey O’Leary, Mississauga Real Estate Agent talks about how real estate commissions work, and what you can expect as a home buyer. For more great videos on real estate, be sure to subscribe or check out www.thevillageguru.com
There are a lot of misconceptions out there about how do real estate commissions work, and what they entail. Add to the fact that most real estate websites avoid the question all together and that leaves people guessing so they end up asking friends, family and others. While they may get an answer, it doesn’t always explain the whole situation.
1. Real Estate Commissions are not Fixed, Set or Regulated.
There are no set rules regarding real estate commissions, and it is illegal for companies conspire to fix prices. Brokerages (and their sales representatives) are free to charge whatever they want for their services, just as the consumer is free to negotiate a commission that suits there needs. Having said that, there are industry norms that have evolved over time and the market of supply and demand ultimately dictate real estate commissions in your area . This will be discussed further on in this article.
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About The Village Guru: Jeffrey O’Leary is an Award Winning Real Estate Broker located in Mississauga, Ontario, Canada who helps Home Buyers and Sellers in the West GTA. Keeping Real Estate Real is a video Blog dedicated to Lifestyle and Real Estate.
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How do Real Estate Commissions Work? Real Estate 101, the most transparent & educational real estate resource on the web. Mississauga Real Estate Agent, Jeff O’Leary. The Village Guru