My house sold in 2 weeks. The agent said they had 3 viewings : viewings meaning the people interested came to the house. The agent listed it put a sign on it and did a few hours of paper work. They got $14,000. This is pathetic. Why did I go to school for 4 years to get my job ? Why do I work so many hours for less money than these easy money sales people ?
I met a person through contractual construction to do with houses. Apparently it takes them a lot of time to acquire certifications in order to help sell houses. They are definitely sales people just not sure how much snake oil they are selling.
You have no idea how much work being a good realtor involves and the liability an agent has!!! 7 days a week non stop for most and many hours spent for nothing. You should have tried selling your place yourself then!
There needs to be serious reform in how housing transactions are taking place in Canada. Removing the commission price fixing from realtors and implementing an transparent bidding system are the two first steps.
House price fixing the biggest issue it will kill many real estate jobs as people turn up if they have a brain they won't pay astronomical prices for something so lame average as an old 3 bedroom house, renovation is now optional before sale.
i think the government should intervene and put a cap on the price. Agents have a corrupted mafia forcing commissions to remain higher and similar from each other. If price double in 5 years their pay also double makes no sense.
@@TheTruth-cg8vj But u advocate against Unions.....riddle me this. Why is telecom a duopoly & screwing us if private business is ethical & moral? The "big 5" collude to to keep prices high for customers & wages low for their employees. Same with grocery chains, same with oil companies.
only a matter of time before commissions come down. you should get paid based on the value you add in the home buying process. The fact that some agents are getting $10-20k payout for 1 transaction is insane. Even if they worked 50 hours on that transaction (unlikely), that's a rate of $200-$400 per hour! Dont pay an agent more than 1%, or flat $5k to help you buy a home
The commission depends on how much the home sold, that was never an issue in healthy real estate market days, the consumer is sick the government is sick, private investors and private sellers have seized on the suckers naturally things are overvalued and commission is grossly high, to prevent it just pay what is worth or go somewhere cheap, consumers brought this on themselves.
seller usually pays commission. Buyer pays $0 and buyers agent takes on expenses for vehicle, inconvenience of being on call 24/7, and uncertainty. not every buyer actually “buys” believe it or not. theres a lot of months in between “I want to buy a house” and actually get keys. I do understand how easy it looks from the outside looking in, but i promise you in a majority of cases the agent put in a lot of unseen hours
@@bikiyeg Buyers pays $0 huh? I think they are the only one brining cash to the table right? That same cash makes its way back to their agent?? Why do buyers agent offer commission rebates to their buyer if the buyer pays $0? You are bending the truth and being dishonest to your clients if you are saying they dont pay for your services :)
I've sold all my homes by myself - it took nothing except a lawyer to write up the contract and oversee any revisions. Cost me about $1000 the first time and then a few hundreds bucks each time after that since I was able to use the same contract over and over. Stop wasting your money on a realtor that took a 2-week course ... might be a bit longer now.
100% fear herds the masses...did u no Tiawan was suppose to be given back after the The japanese were defeated in WW2...! Mobile fear and u control the masses
Commission should be a flat rate only couple hundred bucks. Realtors are just salesmen/women who just fill out couple of forms for thousands in commission ???
@@kuruptzZz No the commission is high cause in many cases it's 5% of the selling price. Five percent is too much for what they do and the value they add. Which is why realtors wanna drop the price for a quick sale, so they get paid 5% faster. On a $400,000 house that's $20,000. If they work their butt off to get you $440,000 that's only a $2,000 increase in their commission, so basically they're working harder for a measly two grand.
@@jimmason8502 Well I sold my house in 2014, and again in 2021. And both times the agents took 1%. I was told that this is standard now, due to competition. So there is no reason to go with an agent taking 5%
It's because the arrangement, including in Canada, sets the final price the seller has to pay for realtor fees regardless of what the buyer does. Without that involvement, there's no incentive for the buyer to push for competitive pricing on fees. For example, seller sets a price that includes a 3% commission, to be split with the buyer's agent as applicable. That contract will protect the selling agent to receive a minimum of 50% of the commission to a maximum of 100% if the buyer doesn't use an agent. If the seller does push realtor fees, they can only work the selling side of the equation, which means they have to pay whatever the buyer signed up to for realtor fees out of the final price. Meanwhile, the buyer has no reason to even look at their realtor costs, only the quality of service they imaginentheir realtor will provide because they'll ultimately pay the same regardless. The implication of the case is that only actual fees are paid, likely with the buyer's realtor fees being excluded from the home price. In principle, this have both parties working to get the best value on fees. By taking buyer's fees out of the seller's responsibility, it will also remove the possibility of the selling agent increasing their own take when the buyer goes with a lower fee (or no) realtor.
I bought my first house in 1994 and I have negotiated every commission I have ever paid to the realtor. If they refused to negotiate which only happened 2x I just said “ok, thank you very much” and moved to the next one. In tough down markets realtors had to work tough so I didn’t negotiate to tough with them. but with recent markets of bidding wars there is no way an agent is worth the full commission
With home prices nowaday 3% commission is thief. You can negotiate with your realtor. Or sell your house directly. I sold a condo once in L.A. with an agent that charged 0.5%. He was selling none stop and still making a lot of cash.
We’ll really it’s the lawyer that has the liability. Rates for realtors were kinda set when housing prices were just a tad lower. I understand so we’re expenses and cost of living but when your talking numbers like we have now it gets ridiculous and not justifiable. So either the agents or lawyers need to go. It’s just to expensive. There is nothing else that has these massive costs to purchase something
I sold my own home years ago. Theres literally nothing to it if you have the slightest clue on writing up a contract. Realtors do nothing. Find a broker that will list you on MLS, offer a 2% commission if a realtor brings a client. 0 commission if its completely private. The lawyers basically do the rest other then making the initial contract.
Buyer agent also benefits from higher sale price- how does that make sense? should be inverse commission (formula tbd) for buyer agent- to incentivize them to negotiate the best deal for their client. We need a wave of “BOUGHT BELOW ASKING” signs to promote buyer agents. Why is only this SOLD OVER ASK the only promotion we see from this profession??? We know why.
Just don't use a realtor? If private sales become common, realtors will have to lower commissions to remain competitive. I don't understand why this is not common sense
Nobody should make 15K-20K for a sale over the span of a few weeks. They make money of the retail price! If anything, they should make money on the profit of a house
Your stat says people "believe" there is no affordable housing. That doesn't shed much light on the subject. Eliminate carbon tax, reduce/eliminate land transfer tax (why do we have to pay tax every time we sell on the same item??), increase incentives for builders, increase funding for technical schools, reduce immigration until this is completed. Why is immigration at highest levels ever? Highest per capita in world in fact. It's ridiculous.
Just negotiate for yourself with a realtor.. we approached a few and found a guy who was willing to take only 1% on the sale of our place (buying realtor got 2%). But we also agreed to use him to buy our larger home and get his full 2.5% from the sellers... Especially now when there is 10k home sales a month and 77k realtors in Ontario, you can negotiate if they want to make some money.. we have the upper hand, just keep asking until ya get one Saved us about $12k (which was almost enough to pay for our land transfer tax bill)...
The lawsuit in the states holds no ground at least in Ontario, I’m not sure of the other provinces. Ontario is covered because of how OREA policy is structured it states there is no collusion and holds brokerages responsible for saying there is a “standard” commission rate. As someone here mentioned they negotiated commission every time they used a realtor. Commissions in Ontario are negotiable and not a set rate. structure in my agreements if it sells for x amount I get x% commission if not I get x% commission. If I pay for staging ($3-$8k out of pocket) commission will be x%. It’s the realtors who spread false information and say commission is non negotiable that are the problem in Ontario. Its individual realtors and brokerages that can be sued in Ontario, not OREA or CREA because they have the proper legislation in place. The US after that lawsuit is actually adopting a commission agreement similar to ours.
All the exorbitant excess commissions charged by these agents during the past should be returned to the sellers, when we have a decision like it in Canada here.
Sellers in Canada already do set the buyer agent commission rate. Sellers already negotiate with their listing agent on the buyer commission, also this commission is always open to be renegotiated during the offer process. If sellers don’t know this, then they need read their listing agreement more carefully and also find another listing agent who is doing their jobs in disclosing all the important information.
Real estate is a total scam. I'm now on my 6th house, so I've been through this a bit. I remember back in 2000 when we bought our first in Regina (1,100 sqft bungalow, cres within a cres...high desirability) for $86,000 (!). We paid no commission as the buyer, and the agent got 2.5% (5%, split 2 ways...I still have the paperwork). So, he made $2,150, as did the buyer agent. He showed us 7 or 8 houses as I recall. I have no qualms about that amount for what he did, and the fact he needs to be available 7 days a week...not a job I want. We sold in 2008 for $245,000 (ridiculous inflation of the housing market), bought a brand new 1,400 sqft bungalow for $305,000. So we are selling, now we have to pay the commission. The agents now received $12,250...for doing exactly the same amount of work. I've paid upwards of $16,000 in the last 10 years to realtors...for what? They sell 20 houses in a year, that's a cool $160k each...and that's here. They are CLEARLY colluding as they all know each other (especially in smaller centres), and the rates really cannot be negotiated. With the sheer number of realtors out there there should be cutthroat rates, if this truly were a competitive market...yet the rates stay the same. It's no wonder some of the slimiest people I know that barely made it through high school jumped on board! I hope they lose and lose big.
He explains why selling direct is not a real option in most markets they blackball you and won’t show your house!! COLLUSION and it’s CRIMINAL! Most open joke of a racket in this country!
Can we in Canada cap realtor fees at certain level something like 3k per house? No percentage commissions from sales price. Down the road they don’t do much these days everything is online now? This will also stop them from profiting from price wars.
What happens if the Sellers house doesn't sell? The realtor has invested money into digital ads, photography, staging? Can realtors expect to be compensated for these cost which can easily be +$2000 per listing at minimum.
@@cKirma No need to do expensive photoshoots and staging. Ask the seller to cover those costs if they are interested in expensive staging and photoshoots.
It might have implications, but like all professional organizations in Canada, they will fight tooth and nail to keep the status quo for those who use their services. I don't foresee much changing UNLESS we as the people stop using these glorified snake oil salespeople. This country and its government doesn't care about us, so it's up to us to make better judgement calls about what we should be doing instead.
I can explain in layman’s terms using Arby’s the restaurant as an example. You just got off work you really worked hard for that money but your hungry you see off in the distance a sign saying you can get two gigantic roast beef sandwiches with cheese & onion rings on them for $11 you think to yourself that sounds like a good deal. But you were craving a simple roast beef with cheese & Arby’s sauce you get to the counter you discuss with the suave cool kid behind the register your plight he recommends getting you what you would like but you realized you paid double instead of that deal. You sit down eat & regret your purchase with buyers remorse. That’s the realization that the realtor stole from you & he did it legally.
In our toxic world, people are creating many topic and issues with their own likeness but not for the majority of crucial issues happening in our society. It is always important to have awareness on crucial matter that destroys people’s lives, health, safety, environment and society. I suggest to help others first before helping own ourselves, not to gain glory, praise, popularity nor to be idolized by creating organizations or foundation, There are many very good organizations and foundations in our world but there is none who focus solely of finding out cure in high priority issues like homelessness and drug addiction. Why until now drug addiction, homelessness, crime, violence and hate still reigns in our society? Because no one dare to execute effective solutions properly and to fight against Evil doings. There are many people who live in our world who aren’t acting like a human, immigrants are leaving, even aliens are leaving and only politicians, drug addicts and homeless remains.
It’s called the free market. Go ahead and offer the buyer agent 1% but don’t be surprised when they sell their clients into a listing offering 2%. There’s not a group of salesmen in the corner colluding. It’s all negotiable. The market decides.
Buyer agent also benefits from higher sale price- how does that make sense? should be inverse commission (formula tbd) for buyer agent- to incentivize them to negotiate the best deal for their client. We need a wave of “BOUGHT BELOW ASKING” signs to promote buyer agents. Why is only this SOLD OVER ASK acceptable to you? We know why.
Its all good when the price of my home goes up 4x in 10 years but I cant pay 10,000$ in commission fees. People are crying about the wrong problems. Everyone here in the comment section is miseducated and thinks the brokers are the reason for home inflation. You need to go and understand the real causes and the awnser is the real estate ponzi system. I promise you if there were no transparent brokerage system, prices and fraud would be much higher. And about the transparent bidding system, you would get outbid every single time by the richer guy.
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My house sold in 2 weeks. The agent said they had 3 viewings : viewings meaning the people interested came to the house. The agent listed it put a sign on it and did a few hours of paper work. They got $14,000. This is pathetic.
Why did I go to school for 4 years to get my job ? Why do I work so many hours for less money than these easy money sales people ?
I met a person through contractual construction to do with houses. Apparently it takes them a lot of time to acquire certifications in order to help sell houses. They are definitely sales people just not sure how much snake oil they are selling.
You have no idea how much work being a good realtor involves and the liability an agent has!!! 7 days a week non stop for most and many hours spent for nothing. You should have tried selling your place yourself then!
You should become a realtor.
you should become a realtor, it takes a lot lot less than 4 years.
@@carlogervasi5393I don’t think anyone is against hardworking agents with integrity.
There needs to be serious reform in how housing transactions are taking place in Canada. Removing the commission price fixing from realtors and implementing an transparent bidding system are the two first steps.
@@MentionBiscuit Everyone should become realtors just flip houses for a living lol
@@MentionBiscuitAnd other realtors won’t show your house to their clients if you’re not using an agent.
House price fixing the biggest issue it will kill many real estate jobs as people turn up if they have a brain they won't pay astronomical prices for something so lame average as an old 3 bedroom house, renovation is now optional before sale.
Really need Transparent bidding
Realtors are parrasites of society
Finally we are challenging Real estate commissions. Way to high for the work they do.
i think the government should intervene and put a cap on the price. Agents have a corrupted mafia forcing commissions to remain higher and similar from each other. If price double in 5 years their pay also double makes no sense.
When you have a monopoly, you charge whatever you can get away with
@@TheTruth-cg8vj But u advocate against Unions.....riddle me this. Why is telecom a duopoly & screwing us if private business is ethical & moral? The "big 5" collude to to keep prices high for customers & wages low for their employees. Same with grocery chains, same with oil companies.
The same percentage commission on a million dollar house should not be the same as on a 500K house.
only a matter of time before commissions come down. you should get paid based on the value you add in the home buying process. The fact that some agents are getting $10-20k payout for 1 transaction is insane. Even if they worked 50 hours on that transaction (unlikely), that's a rate of $200-$400 per hour! Dont pay an agent more than 1%, or flat $5k to help you buy a home
The commission depends on how much the home sold, that was never an issue in healthy real estate market days, the consumer is sick the government is sick, private investors and private sellers have seized on the suckers naturally things are overvalued and commission is grossly high, to prevent it just pay what is worth or go somewhere cheap, consumers brought this on themselves.
In the hot market....lol 20000÷ 5 hours = 4000 / hr
seller usually pays commission. Buyer pays $0 and buyers agent takes on expenses for vehicle, inconvenience of being on call 24/7, and uncertainty. not every buyer actually “buys” believe it or not. theres a lot of months in between “I want to buy a house” and actually get keys. I do understand how easy it looks from the outside looking in, but i promise you in a majority of cases the agent put in a lot of unseen hours
@@bikiyeg Buyers pays $0 huh? I think they are the only one brining cash to the table right? That same cash makes its way back to their agent?? Why do buyers agent offer commission rebates to their buyer if the buyer pays $0? You are bending the truth and being dishonest to your clients if you are saying they dont pay for your services :)
You can get on MLS for 1k with a discount broker...offer 2 to 2.5 % ..to buyers agent...take the offer to any RE lawyer...and u r ahead of the game
I've sold all my homes by myself - it took nothing except a lawyer to write up the contract and oversee any revisions. Cost me about $1000 the first time and then a few hundreds bucks each time after that since I was able to use the same contract over and over. Stop wasting your money on a realtor that took a 2-week course ... might be a bit longer now.
Just said the same thing. There is literally nothing to it. Lawyers do 95% of the work.
100% fear herds the masses...did u no Tiawan was suppose to be given back after the The japanese were defeated in WW2...! Mobile fear and u control the masses
Commission should be a flat rate only couple hundred bucks. Realtors are just salesmen/women who just fill out couple of forms for thousands in commission ???
I don’t see why, in Canada, the seller and the buyer can’t meet face to face and negotiate a deal, and why the commission is so ridiculously high
The commission is high because house prices are high. It's just a reflection of that
@@kuruptzZz No the commission is high cause in many cases it's 5% of the selling price. Five percent is too much for what they do and the value they add.
Which is why realtors wanna drop the price for a quick sale, so they get paid 5% faster. On a $400,000 house that's $20,000. If they work their butt off to get you $440,000 that's only a $2,000 increase in their commission, so basically they're working harder for a measly two grand.
@@jimmason8502 Well I sold my house in 2014, and again in 2021. And both times the agents took 1%. I was told that this is standard now, due to competition. So there is no reason to go with an agent taking 5%
@@jimmason8502 BTW I'm talking about GTA. 1% on a $1.3 million house
It's because the arrangement, including in Canada, sets the final price the seller has to pay for realtor fees regardless of what the buyer does. Without that involvement, there's no incentive for the buyer to push for competitive pricing on fees.
For example, seller sets a price that includes a 3% commission, to be split with the buyer's agent as applicable. That contract will protect the selling agent to receive a minimum of 50% of the commission to a maximum of 100% if the buyer doesn't use an agent. If the seller does push realtor fees, they can only work the selling side of the equation, which means they have to pay whatever the buyer signed up to for realtor fees out of the final price. Meanwhile, the buyer has no reason to even look at their realtor costs, only the quality of service they imaginentheir realtor will provide because they'll ultimately pay the same regardless.
The implication of the case is that only actual fees are paid, likely with the buyer's realtor fees being excluded from the home price. In principle, this have both parties working to get the best value on fees. By taking buyer's fees out of the seller's responsibility, it will also remove the possibility of the selling agent increasing their own take when the buyer goes with a lower fee (or no) realtor.
Real estate agents are JOKE.
The realtor commission in canada is way too high compared to other countries.
I bought my first house in 1994 and I have negotiated every commission I have ever paid to the realtor. If they refused to negotiate which only happened 2x I just said “ok, thank you very much” and moved to the next one. In tough down markets realtors had to work tough so I didn’t negotiate to tough with them. but with recent markets of bidding wars there is no way an agent is worth the full commission
Get rid of middle man or just pay them by hours
U do not ever need a realtor...just a lawyer for the documents
With home prices nowaday 3% commission is thief. You can negotiate with your realtor. Or sell your house directly. I sold a condo once in L.A. with an agent that charged 0.5%. He was selling none stop and still making a lot of cash.
We’ll really it’s the lawyer that has the liability. Rates for realtors were kinda set when housing prices were just a tad lower. I understand so we’re expenses and cost of living but when your talking numbers like we have now it gets ridiculous and not justifiable. So either the agents or lawyers need to go. It’s just to expensive. There is nothing else that has these massive costs to purchase something
I sold my own home years ago.
Theres literally nothing to it if you have the slightest clue on writing up a contract. Realtors do nothing.
Find a broker that will list you on MLS, offer a 2% commission if a realtor brings a client. 0 commission if its completely private. The lawyers basically do the rest other then making the initial contract.
finally a reasonable decision. realtors' commissions are crazy high!
Buyer agent also benefits from higher sale price- how does that make sense?
should be inverse commission (formula tbd) for buyer agent- to incentivize them to negotiate the best deal for their client.
We need a wave of “BOUGHT BELOW ASKING” signs to promote buyer agents. Why is only this SOLD OVER ASK the only promotion we see from this profession??? We know why.
Realtors make way way to much for doing basically nothing
Just don't use a realtor? If private sales become common, realtors will have to lower commissions to remain competitive. I don't understand why this is not common sense
Fees are already being cut in Ontario since lawsuit many listings are overing 1% to 1.5% to buyers agent instead of 2.5%.
Nobody should make 15K-20K for a sale over the span of a few weeks.
They make money of the retail price! If anything, they should make money on the profit of a house
Your stat says people "believe" there is no affordable housing. That doesn't shed much light on the subject. Eliminate carbon tax, reduce/eliminate land transfer tax (why do we have to pay tax every time we sell on the same item??), increase incentives for builders, increase funding for technical schools, reduce immigration until this is completed. Why is immigration at highest levels ever? Highest per capita in world in fact. It's ridiculous.
Just negotiate for yourself with a realtor.. we approached a few and found a guy who was willing to take only 1% on the sale of our place (buying realtor got 2%). But we also agreed to use him to buy our larger home and get his full 2.5% from the sellers...
Especially now when there is 10k home sales a month and 77k realtors in Ontario, you can negotiate if they want to make some money.. we have the upper hand, just keep asking until ya get one
Saved us about $12k (which was almost enough to pay for our land transfer tax bill)...
The lawsuit in the states holds no ground at least in Ontario, I’m not sure of the other provinces. Ontario is covered because of how OREA policy is structured it states there is no collusion and holds brokerages responsible for saying there is a “standard” commission rate. As someone here mentioned they negotiated commission every time they used a realtor. Commissions in Ontario are negotiable and not a set rate. structure in my agreements if it sells for x amount I get x% commission if not I get x% commission. If I pay for staging ($3-$8k out of pocket) commission will be x%. It’s the realtors who spread false information and say commission is non negotiable that are the problem in Ontario. Its individual realtors and brokerages that can be sued in Ontario, not OREA or CREA because they have the proper legislation in place. The US after that lawsuit is actually adopting a commission agreement similar to ours.
All the exorbitant excess commissions charged by these agents during the past should be returned to the sellers, when we have a decision like it in Canada here.
Paying more than 30% for housing is very bad for the economy. Canada is going to be in a lot of trouble in the near future.
Its too bad they don't apply all the regulations around trading stocks (conflict of interest/transparency/commissions) to buy/selling houses.
Houses should be open bid....transparent..blind bidding is evil
Sellers in Canada already do set the buyer agent commission rate. Sellers already negotiate with their listing agent on the buyer commission, also this commission is always open to be renegotiated during the offer process.
If sellers don’t know this, then they need read their listing agreement more carefully and also find another listing agent who is doing their jobs in disclosing all the important information.
@@Cutlerypotatoexactly! Buyers Agents won’t even show you a house unless there’s a fat commission.
negotiate bullshit...They tell you the rate and that is it.
Yea this is bollocks they prevent any negotiation and retaliate against any agent that does. Wake up! Agents COLLUDE DAILY
First things first, we need some ring light reform.
realtors shadow flipping in Canada so yeah penalize them hard
Real estate is a total scam. I'm now on my 6th house, so I've been through this a bit. I remember back in 2000 when we bought our first in Regina (1,100 sqft bungalow, cres within a cres...high desirability) for $86,000 (!). We paid no commission as the buyer, and the agent got 2.5% (5%, split 2 ways...I still have the paperwork). So, he made $2,150, as did the buyer agent. He showed us 7 or 8 houses as I recall. I have no qualms about that amount for what he did, and the fact he needs to be available 7 days a week...not a job I want. We sold in 2008 for $245,000 (ridiculous inflation of the housing market), bought a brand new 1,400 sqft bungalow for $305,000. So we are selling, now we have to pay the commission. The agents now received $12,250...for doing exactly the same amount of work. I've paid upwards of $16,000 in the last 10 years to realtors...for what? They sell 20 houses in a year, that's a cool $160k each...and that's here. They are CLEARLY colluding as they all know each other (especially in smaller centres), and the rates really cannot be negotiated. With the sheer number of realtors out there there should be cutthroat rates, if this truly were a competitive market...yet the rates stay the same. It's no wonder some of the slimiest people I know that barely made it through high school jumped on board! I hope they lose and lose big.
Why didn't you sell direct? Sounds like you're part of the problem
@@priuss6109 What does that mean? Privately?! Have you ever actually sold a house 🤣😂 Good luck with that...
He explains why selling direct is not a real option in most markets they blackball you and won’t show your house!! COLLUSION and it’s CRIMINAL! Most open joke of a racket in this country!
Canadian love their oligopolies and monopolies It's what makes Canada, Canada.
Can we in Canada cap realtor fees at certain level something like 3k per house? No percentage commissions from sales price. Down the road they don’t do much these days everything is online now? This will also stop them from profiting from price wars.
What happens if the Sellers house doesn't sell? The realtor has invested money into digital ads, photography, staging? Can realtors expect to be compensated for these cost which can easily be +$2000 per listing at minimum.
@@cKirma No need to do expensive photoshoots and staging. Ask the seller to cover those costs if they are interested in expensive staging and photoshoots.
Why are comments being deleted BNN?
Just sell your own house with a good lawyer. It's not that hard done it twice myself!
The current system is broken and requires change.
Hoping to see the similar in canada
The purchaser should pay there own agent
when are the Class action suits going to be filed in other states in USA
It’s a scam, o have always wondered how heck can they fix the fees for buyers agent long before an offer comes !!
What about "pricing in" next year's price?
@@tamaras.9639 😂😂😂true
Who wants to negotiate with buyers agent though ?
4% for 40 hrs of work maybe.
Sometimes just 1 hour work. Most agents only are responsible for opening the door. Such easy money for them!
It might have implications, but like all professional organizations in Canada, they will fight tooth and nail to keep the status quo for those who use their services. I don't foresee much changing UNLESS we as the people stop using these glorified snake oil salespeople. This country and its government doesn't care about us, so it's up to us to make better judgement calls about what we should be doing instead.
Anti glare glasses maybe!
I can explain in layman’s terms using Arby’s the restaurant as an example. You just got off work you really worked hard for that money but your hungry you see off in the distance a sign saying you can get two gigantic roast beef sandwiches with cheese & onion rings on them for $11 you think to yourself that sounds like a good deal. But you were craving a simple roast beef with cheese & Arby’s sauce you get to the counter you discuss with the suave cool kid behind the register your plight he recommends getting you what you would like but you realized you paid double instead of that deal. You sit down eat & regret your purchase with buyers remorse. That’s the realization that the realtor stole from you & he did it legally.
Btw this is an infomercial
The same racket happen in canada 🇨🇦 give me my money-back thanks
The buyer gives the money...who's paying who?
Love it, keeper going
About time
But don't both agents typically get 1% anyways? What is there to negotiate?
Considering how fat we are in general, i doubt anyone is starving.....
Government sides with BB
stop saying "canada" when you really mean "ontario & quebec"
Being a Realtor is absolutely amazing 🤩
In our toxic world, people are creating many topic and issues with their own likeness but not for the majority of crucial issues happening in our society.
It is always important to have awareness on crucial matter that destroys people’s lives, health, safety, environment and society.
I suggest to help others first before helping own ourselves, not to gain glory, praise, popularity nor to be idolized by creating organizations or foundation, There are many very good organizations and foundations in our world but there is none who focus solely of finding out cure in high priority issues like homelessness and drug addiction.
Why until now drug addiction, homelessness, crime, violence and hate still reigns in our society?
Because no one dare to execute effective solutions properly and to fight against Evil doings.
There are many people who live in our world who aren’t acting like a human, immigrants are leaving, even aliens are leaving and only politicians, drug addicts and homeless remains.
It’s called the free market. Go ahead and offer the buyer agent 1% but don’t be surprised when they sell their clients into a listing offering 2%. There’s not a group of salesmen in the corner colluding. It’s all negotiable. The market decides.
And that’s why it should be negotiated at time of offer. The realtors are not working in their clients interest but rather what they get.
Buyer agent also benefits from higher sale price- how does that make sense?
should be inverse commission (formula tbd) for buyer agent- to incentivize them to negotiate the best deal for their client.
We need a wave of “BOUGHT BELOW ASKING” signs to promote buyer agents. Why is only this SOLD OVER ASK acceptable to you? We know why.
Its all good when the price of my home goes up 4x in 10 years but I cant pay 10,000$ in commission fees. People are crying about the wrong problems. Everyone here in the comment section is miseducated and thinks the brokers are the reason for home
inflation. You need to go and understand the real causes and the awnser is the real estate ponzi system. I promise you if there were no transparent brokerage system, prices and fraud would be much higher. And about the transparent bidding system, you would get outbid every single time by the richer guy.
About time