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Who pays the fees in a home sale?

Author: 
Condos.ca Staff
Publication date:
August 9, 2022
Article Summary: 

The seller pays the real estate commission when selling a property, which is typically 5% of the selling price split between the buyer's and seller's agents. Agents work on a 100% commission basis, meaning that they only get paid when a sale happens, and everything they do comes out of that commission. Real estate agents provide professional services and must charge HST. Once the property closes and the buyer takes possession, the seller provides payment to their real estate lawyer, who then pays the listing brokerage, which then pays both agents.



Keywords: 

real estate commission, seller, buyer's agent, seller's agent, 100% commission, HST, professional services, payment, real estate lawyer, listing brokerage.



Source Citation: 
Condos.ca Staff
Who pays the fees in a home sale?
August 9, 2022
https://condos.ca/blog/posts/who-pays-the-fees-in-a-home-sale
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