Blogs
Check out some of our informative and entertaining blogs where we talk shop about real estate advances, and the industry in general.
The real estate market in British Columbia still remains competitive and strong, in spite of a host of economic challenges. Real estate commission rates continue to maintain their consistency, which is important for agents and brokers, particularly those starting out.
As of 2024, the real estate market in Ontario, Canada continues to thrive and evolve, despite all the obvious challenges that came with the recent global pandemic. This remarkably resilient and adaptable real estate market continues to punch above its weight, and with it, real estate commission rates hold steady as ever.
Commissions are the lifeblood of the real estate industry, and both brokers and agents work hard to earn them on each and every property that is sold and purchased. Typically, commission rates in the Toronto area tend to hold stable, with minor fluctuations in the percentage amount that are dependent on a number of different factors.
If you’re new to the real estate business, and just getting your bearings, you might be wondering how exactly the process of commissions works. From the outside, it seems like a pretty simple affair, but there’s more to it than you might think.
Commercial real estate commissions depend largely on the type of sale, which typically varies between sold properties and lease agreements. For instance, the sale of a property means agents receive commissions directly from the property owner upon closing.
Commission fees are a routine part of the real estate buying and selling process, since both agents and brokers are regularly involved in each deal. There’s a lot of legwork and due diligence on the part of the real estate agent to help buyers and sellers through each transaction, and commission rates are designed to reward them for a job well done.
