The Culture Of Real Estate

Every country has a specific real estate culture. It's actually more specific than "country". Even each province, city, neighbourhood has it's own "Real Estate Culture". In Ireland, real estate agents charge less than 1% commission. In Canada the "standard" commission rates vary per province.

In Ontario, the standard commission is 5% (All commission rates in Ontario are negotiable). The standard 5% is usually paid by the seller and it is distributed as

2.5% to the brokerage that listed the property
2.5% to the brokerage that represented the buyer

The buyer does not usually see the "direct" result of the commissions paid because they simply pay a set amount for the home. However, the seller does experience the "direct" result of the commissions paid because if they sell their home for $400,000, then the seller will pay 5% commission which amounts to $20,000 (plus GST). This means the seller receives approximately $379,000 from the sale of their home.

Culture Realty Solutions understands that is the culture of real estate in Ontario. However, we also understand that consumers have many questions about the current real estate structure. Some of the questions we receive are:

Can I put my home on mls for a flat fee?
Can I sell my home for only 1%?
Can I sell my home privately?

Consumers are looking to receive the maximum amount of value for their home. They want to keep as much money in their pocket as possible. Buyers want to know that they are getting the best deal for the property.

Culture Realty Solutions Inc is working on solving these questions. We work with many "For Sale By Owner" customers in order to allow them to sell with us on mls and still maintain the right to sell privately. This way, the seller receives the maximum exposure and has the opportunity to save the most money when they sell. We represent many buyers in the GTA and work to find them the home that they want at the price they want.

If you have any questions, please give us a call (1-877-277-0190) or send us an email (info@CultureRealty.com).


Culture Realty Solutions Inc.
Real Estate Brokerage
1-877-277-0190