How Do Real Estate Commissions Work?
Real Estate 101 - Part 1
Ontario real estate agents are paid for their services in the form of a commission on the sale, which is usually calculated as a percentage of the price that the home sells for. This can also be paid as a flat dollar amount, or a combination of a percentage and a flat rate. This is up to the seller and their realtor when they agree to work together to sell the home. Both the buyer’s and seller’s realtors are paid commissions when the sale of the home closes.