TL;DRIn Canada, the Multiple Listing Service® (MLS®) isn’t one website.It’s a co-operative network of regional databases run by local real estate boards/associations.REALTORS® use these systems to share listings, set up cooperation with other brokerages, and negotiate offers. REALTOR.ca is not an MLS® — it’s a national public portal that displays portions of MLS® listings from across the...
In the complex landscape of Canadian real estate, one of the most persistent questions and sources of confusion for both buyers and sellers is this: What percentage do REALTORS® actually make from a home sale? While 5% has long been cited as the industry "norm," the reality is both more nuanced and increasingly negotiable.This guide cuts through the generalizations to examine how real estate agents are...
Home sellers paying for buyer agents: Is it injustice or simply misunderstood business logic?Disclaimer:I am Faiza Ahmed, a licensed real estate broker. The analysis presented is based on my professional experience and a review of industry documents, offering a critical perspective on the ongoing class-action lawsuit. My perspectives are also shaped by my own experience as a consumer impacted by real...
Disclaimer: It's essential to remember that agents are legally prohibited from claiming a standard or fixed rate to clients under the Competition Act. However, the percentages provided are historically accurate reflections of what the majority of full-service agents charge in those markets Real estate agent commissions play a crucial role when buying or selling property in Canada. These fees...
The terms real estate agent, real estate salesperson, and REALTOR® are often confused and misused by the general public in reference to who can do what. The terms refer to different roles and different qualifications. Let's break each of them down for better understanding as to why the differences are important to understand while buying, selling, or investing in real estate. What is a Real Estate...
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