Mike Stewart's Commission Charges for Real Estate Sales

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Mike Stewart’s Commission Rate for Sellers of Vancouver Homes Explained!

My name is Mike Stewart and I am an award winning residential Real Estate Agent in Vancouver, British Columbia, Canada.  When I am hired or contracted to assist a seller with the sale of their property, I charge a Real Estate commission.

Note:  Buyers in Vancouver,  DO NOT pay commissions to their real estate agents! (there are a few exceptions, but this is generally true for properties purchased in Vancouver).

Commissions Charges:

The seller is charged commission in the amount of 7% of the 1st $100,000 and 2.5% of the balance.

I only get paid if and when the sale goes to Completion at the BC Land Titles Office.  This can be days, weeks, even months after the sale of the property, depending on the agreed upon Date of Completion in the initial Accepted Offer for the sale of the property.

What it Covers:

This amount covers all the costs associated with listing and marketing the property, full offer negotiation support and guidance for the Sellers, as well as full support through to the Completion of the Sale and beyond.

I Cooperate with Buyers Agents and Offer HALF of the Total Real Estate Commission to Buyers Agents!

I offer around half of the above real estate commission (about 48%) to a Buyers Agent who’s Buyers bring my Seller an accepted offer that Completes at the Land Titles Office here in BC. The Buyers Agent must disclose in writing to their Buyer any and all commissions they earn in the transaction.

My Real Estate Commission is not a Vancouver Real Estate Standard and is Negotiable.

According to the Federal Governments Competition Act I am required to say that the real estate commissions I charge a Seller are negotiable.

Furthermore, according to the Competition Act, I cannot say that my commission fee is a standard commission or create the perception there is a standard commission. The commission above is what I alone charge and I am open to offers on commission.

Thinking of Selling in Vancouver? Call 604-763-3136 or Email Me to discuss how I can help YOU!

Mike Stewart’s Vancouver Real Estate Commission Breakdown with HST

$300,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $12,000 x HST (12%) = $13440

$400,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $14,500 x HST (12%) = $16240

$500,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $17,000 x HST (12%) = $19040

$600,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $19,500 x HST (12%) = $21840

$700,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $22,000 x HST (12%) = $24640

$800,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $24,500 x HST (12%) = $27440

$900,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $27,000 x HST (12%) = $30240

$1,000,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $29,500 x HST (12%) = $33040

$1,250,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $35,750 x HST (12%) = $40400

$1,500,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $42,000 x HST (12%) = $47040

$1,750,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $48,250 x HST (12%) = $54040

$2,000,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $54500 x HST (12%) = $61040

$2,500,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $67,000 x HST (12%) = $75040

$3,000,000 Sale Price x 7% on the 1st $100K & 2.5% of the Balance = $79,500 x HST (12%) = $89040

I strongly encourage comments! Thank you!

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Mike Stewart

Mike Stewart

Personal Real Estate Corporation
CENTURY 21 In Town Realty
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