When Buying A Home, Who Pays The Realtor?

By: Christopher Toste

When Buying A Home, Who Pays The Realtor?

Tags: HOMES IN TORONTO, HOUSE PRICES, REAL ESTATE, REALTOR, CONDOS, HOMES, GTA, TORONTO, HOME BUYER, HOME SELLER, REAL ESTATE MARKET, Real Estate Commission

Ever wonder how a realtor gets paid when they help you with the home buying process?

Real Estate Commissions

Payment to a realtor is made in the form of a commission and is based on the final purchase price. The real estate agent commission fee in Ontario, Canada ranges but is normally paid to the realtor representing the seller and the buyer.

In most cases the buyer does not pay real estate commissions as the seller distributes commissions to the agents. Please note that the seller is also responsible for paying HST, which is added on top of the commission.

To discuss the scenario when a buyer may be responsible for paying some of the commission feel free to reach out or if you have any questions regarding commissions as a home buyer, please feel free to give me a call. 

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