A real estate agent or realtor receives a percentage (commission) of the final sale of a property.
In Toronto, the percentage is often negotiated between the seller and their listing agent. The commission is usually split between the listing agent and the buyer’s agent.
Percentages vary by market, market demand, the type of property being sold and can be anywhere between 4-6% of the final sale price.
Make sure when you’re interviewing real estate agents that you understand the commission that they will be charging you on your transaction. At Matthew Gravina, we focus on being fair and providing “white glove” service regardless of the commission being made. On the listing side, we offer competitive selling packages which offer hands off services to our clients; all we need are the keys to the home and we take care of the rest. From professional media to staging and everything in between, we work with best-in-class professionals to ensure the highest standards of our listings.