Calgary Real Estate Commissions (Realtor Fees)
Our low listing commission is a flat rate of just $4000, (or less). And, you give up nothing. We only discount our Real Estate fees, not our service! Our low listing commission covers all our marketing, full MLS listing and professional representation.
A Listing Commission is the amount earned by the Listing Realtor (that's us). There is also a Selling Commission that is offered to the Buyer's Realtor (that's how they get paid) and is discussed below. Your Total Commission includes both the Listing & Selling Commissions. That said, how do our rates compare to other companies?...
The average detached home seller in Calgary will save about $7,000* using us compared to companies that charge a "7% + 3%" total commission! See the chart below for an idea how much you can save.
* Based on average detached home price in Calgary in Aug 2021 ($587,601) which is an average $6,814 savings ($7,155 if you also count the GST you'll save).
We will bend over backwards to sell your home for top dollar and guide you through the entire process. Plus, our commissions are only payable when we sell your home. So, if we don't sell it, you pay us nothing. And of course, our home evaluations are always free.
If you'd like more information, contact us now and we'd be happy to answer all your questions right away.
Low Listing Commissions
*A Listing Commission is the amount earned by the Listing Realtor (that's us). There is also a Selling Commission that is offered to the Buyer's Realtor (that's how they get paid) and is discussed below. Your Total Commission includes both the Listing & Selling Commissions.
Flat Rate Listing Commission
For homes that sell for $200,000 or more our listing commission is just a flat $4000!
For homes that sell under $200,000 our flat rate listing commission is reduced so that, no matter the selling price, your total commission is always at least $1,000 less than a 7%/3% commission.
When listing your home on the MLS you should offer a competitive selling commission of 3.5% of the first $100,000 of the selling price plus 1.5% of the balance of the selling price (herafter refered to as 3.5/1.5) as compensation to the Realtor who represents the buyer. To learn why this is so important, see the selling commission section below.
In case you're wondering where the 3.5/1.5 comes from, it is half of a 7%/3% commission which is a very common Total Commission fee charged by many Realtors in Calgary. The Realtors who charge a 7/3 keep half (3.5/1.5) for themselves and offer the other half (3.5/1.5) to the buyer's Realtor. Over 90% of the homes listed on the MLS are offering a 3.5/1.5 Selling Commission.
So what is your Total Commission with us? Use the chart below to estimate your Total Commission and the money you'll save compared to a 7/3 commission.
Low Cost Realtor, Premium Service
With some discount Real Estate brokerages, services can indeed be scaled back. With us however, you lose nothing! All our clients receive MLS listing, premium marketing plan and full professional representation from one of the best Realtors in the business.
Unlike a mere listing service, where you get listed on the Internet but are then on your own, we are always working as your advocate and in your best interests. We explain everything and walk you through the entire process. When we receive offers, we assist you with our expert negotiation experience and knowledge of Real Estate law so that in the end you have an error free contract that ensures the transaction completes error free.
We even go that extra mile by providing home staging advice, regular feedback and weekly market updates during listings.
Receiving this level of service, all while saving thousands of dollars, is why more than half of all our business comes from repeat clients and word of mouth. Contact us and we'll be happy to answer any questions you may have.
Offer Competitive Selling Commissions
You should offer a 3.5/1.5 selling commission.
In Alberta, a buyer's Realtor will have a contract with their buyer outlining what their compensation will be. In most cases, this is a 3.5/1.5 commission which the buyer agrees will be collected from what's being offered by the seller (the selling commission). Any shortfall between what you offer and what the buyer has contracted for must be made up by the buyer themselves. Here's why forcing the buyer to pay commissions out of pocket is not in your best interest:
Another reason is because over 90% of the homes listed on the MLS are offering a 3.5/1.5 selling commission. In a competitive environment, you don't want to be the one guy on the block offering less to the Buyer's Realtor than everyone else. By offering a competitive selling commission, you ensure nobody "accidentally" skips your listing because they might earn less from it.
Using this balanced approach to commissions gives you the best of both worlds:
- You save thousands because of our low listing commissions, and,
- you can be confident all the buyers are seeing your property and giving it full consideration. That's how you sell for top dollar.
And because we have always insisted that all our listings offer a competitive selling commission, we have a great reputation with other Realtors. Nobody avoids our listings!
If you'd like to know exactly what you'd save on your property or have any other questions, please feel free to contact us and we'll be happy to evaluate your situation, answer any questions you have and provide a free and accurate estimate.