Who pays the Realtor®?

Have you thought of purchasing a property without a Realtor® in order to save fees?

Many people are unaware that the Seller pays all Realtor® fees, the Buyer, does not pay any.

When a Seller agrees to list their property with a Real Estate Agent, they agree to pay a % (of the selling price) to the Listing Brokerage if/when the home sells. A portion of that percentage goes to the Brokerage that brings the Buyer.

Some Buyers may think they can negotiate a better deal directly with the Sellers Realtor®, but this is far from the truth.

The Sellers Agent has a fiduciary duty to their client (the Seller) and not to you, the Buyer. No matter how friendly they seem, the Sellers Realtor® must have the Seller's interest in mind at all times, their goal is to get the best price for the home. Think about it, how can a Sellers Realtor® get the Seller the best price for their home, while giving you the best deal at the same time?

An excellent Realtor® will work hard for you, they will listen to your needs/wants, find properties that match your criteria, view properties with you, and educate you. Not only will they obtain the listing/selling data, run reports, research the property, and read minutes (if a strata), they will be your advocate every step of the way.

Be sure to find a Realtor® you can trust and feel comfortable with, after all, this may be one of your largest investments.

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.