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Tips to Consider When Choosing Your Realtor

October 24, 2012

In late October 2010, the Canadian Real Estate Association approved an agreement with the Competition Bureau that lets home sellers pay for only the services they want from a real estate agent.

Currently, the vast majority of real estate sales are handled by full service agents who charge commissions ranging from 3-6% of the selling price. But now, Canadians can hire a realtor to simply list their property on MLS (Multiple Listing Service) for a flat fee of a few hundred dollars.
Obviously, going this route can save money. However, there are advantages and disadvantages to consider.

Flat Fee Advantages

Flat Fee Disadvantages

Of course, you can always consider both worlds by choosing a realtor who offers flat fee MLS listings, as well as additional services. Your trusted mortgage advisor, can often recommend a local real estate professional who be right for you.