When does a realtor get paid?
Realtors are paid via commission. The funds are transferred to the listing agent’s brokerage, who will split the fees with the co-operating brokerage once the sale is completed.
Can realtor represent buyer and seller?
In B.C., real estate professionals cannot represent two or more clients in the same transaction whose interests are in conflict, except in the rarest of circumstances.
Is it a good idea to use the same realtor as the seller?
It is illegal for a realtor to act both as a selling agent and a buying agent in a single transaction. The fiduciary duties come into question, and a realtor will not be able to act in the best interest of the clients.
Can I sell my house privately if I have an agent?
The real estate agent in the contract has been designated to sell your property during the period stipulated on the agreement. If you, the seller, find a buyer on your own, the real estate agent will still be eligible for remuneration.
What is a seller's fee agreement?
This form enables a brokerage, who is representing a buyer client, to receive remuneration from an unrepresented seller of a property, or a seller who may have listed their property as a mere posting, without creating an agency or fiduciary relationship between the buyer's agent and the seller.
