Save Big with No Commission Real Estate Canada: Sell Smart, Keep More
No commission real estate refers to a real estate model where the seller or buyer, or both parties, do not pay traditional real estate agent commissions for their services. In a typical real estate transaction, the seller pays a commission, usually a percentage of the sale price, to both the listing agent (representing the seller) and the buyer's agent (representing the buyer). There are a few different ways in which " no commission real estate " models are structured: For Sale By Owner (FSBO) : In this model, the homeowner sells their property without the representation of a real estate agent. Since there is no listing agent involved, the seller avoids paying the listing agent's commission. However, if a buyer has their own agent, the seller may still need to pay the buyer's agent's commission. Flat-Fee MLS Services : Real estate companies or platforms offer flat-fee MLS (Multiple Listing Service) services. The seller pays a flat fee to have their property l...