Map sale

You can see Metro Vancouver (MAP) real estate agent commissions

The cost of paying a commission to a real estate agent is far from an insignificant expense, especially when his commission is based on a percentage of rising house prices.

To allow for greater transparency on this component of the full house price, real estate listing website HouseSigma has launched a new feature that allows the public to see the commission percentage of the listing.

“This percentage is the amount the buyer’s agent will receive when selling a property. It’s a way for consumers to gauge where their real estate dollars are going,” read a press release, noting that it also aligns with calls from the province’s real estate regulator to make real estate information more readily available.

HouseSigma provided a random sample of properties priced at $1.5 million in the area and the various agent commissions. Based on this price, an agent for one property will earn $3,220 on the first $100,000 and another $16,100 when the sale closes, another agent for a different property will earn $7,500 on the full sale and a third agent will earn $3,255 on the first $100,000 and an additional $16,275 for another property upon closing the sale.

HouseSigma

Beyond commission details, HouseSigma platforms also offer various other features, including estimated selling price which can guide buyers to properties that are likely to attract bidding wars, potentially reducing the likelihood of bidding. blind auction.

Buyers can also search for neighboring addresses and see how this listing compares to other homes in the area.

Even delisted listings are displayed on the platform, which uses artificial intelligence to show users delisted properties and their prices, and consumers can add it to their “watch list” in case the property would come back on the market.

Another useful feature is the ability to see the relisted price so that potential buyers can estimate how much to bid, based on both the platform’s estimate and the previous list price.

vancouver metro igma houses

HouseSigma

vancouver metro igma houses

HouseSigma