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)
Everything will be outlined clearly and in writing before you sign on the dotted line.
The YYCRE Selling System
We are sure that you will be fully satisfied with the service we provide once we sign a listing with you. If you are ever not happy with the service give us a chance to fix or improve. If you are still not fully satisfied after we address your concerns, we will release you from the contract. Find out more
We don’t believe in working with anyone who does not want to work with us.
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Full service regardless of the price of your property. We believe that you should expect a certain level of service in selling your property no matter what.
These services include:
Pre-listing preparation consultation including home staging suggestions and organization tips. We will walk you room by room through your property and speak to the impacts that any changes may have on a potential buyer of the property – no sugar coating included (buyers almost never sugar coat it when they bring in an offer).
Measurements of your property and the room sizes. Measurements of the overall property based on the industry standards for measuring properties in Alberta and will be included in the listing details.
Assistance in obtaining the necessary documents required for listing your property. Whether is be a Real Property Report, Condominium Documents or any other required document we will assist you in making the selling process as smooth as it possible can be.
Booking of Showings with prospective Buyers and their Realtors ®
Secure Lockbox for Showing Access and tracking
Weekly Updates on the market, showings you have received and suggestions to tweak the whole process along the way. Only by being informed during the sale process can you react to changes in the market that may impact the overall sale of your property.
Dealing with the paperwork before, during and after the sale (also known in industry jargon as Conveyancing).
For Sale Signage
Holding Open Houses
Not so fine print about fees:
- GST is applicable to all fees.
- Fees, unless otherwise agreed to in writing, are payable only upon the successful completion of a sale.
- Fees are paid out from the sale proceeds unless there is a shortage of equity in which case we would discuss the terms of payment of fees through the CIR Brokerage prior to actually listing your property.