1. How to set up your Seller's Account
2. How Our Selling System Works
3. Our Flat Fee REALTOR.ca Listing Services
4. What Makes us Different?
5. Tips, Info & FAQs
Stating Commission Amounts to REALTORS®
YES - YOU CAN STATE EXACTLY WHAT COMMISSION, IF ANY, YOU ARE WILLING TO PAY TO A REALTOR®!Each MLS® listing we upload to the MLS® System includes specific information for the REALTORS® who are viewing your listing on the MLS®, specifically relating to what your cooperation level is with the local buyer agents should they want to engage you.
We can also include a specific commission amount you are willing to pay to a buyer's agent expressed by a percentage (%) or a specific dollar amount.
For example, if you want to say that you are willing to pay 2.5% to any buyer's agent who brings you a buyer, you can do that - or you could say $10,000.00 flat. You can also say that you are willing to pay them less commission, or even more commission as well. It's completely up to you.
Some sellers are now offering REALTORS® more than what the typical buyer's agent commission would be as an extra incentive to encourage REALTORS® to bring them more buyers. The thinking being that since they are saving 1/2 of the commission listing with us, so why not offer a portion of it to the REALTOR® who brings in the coveted buyer. Many sellers are utilizing strategies like this as a creative way to get local REALTORS® on board with their listing.
Each of the listings we post on the MLS® include the following information that instructs REALTORS® to contact you directly, and lets them know what your level of cooperation is.
Each seller has two options for communicating to REALTORS® what their level of cooperation is:
Option 1:If you don't want to tell REALTORS® exactly what you are willing to pay commission-wise, the following message is what will be displayed in the back end of the MLS® that only the REALTORS® can see.
Brokerage Remarks: ***Mere Posting*** Despite the fact that the commission field states, "$2," THE SELLER IS WILLING TO NEGOTIATE A FEE AGREEMENT DIRECTLY WITH A CO-OPERATING BROKERAGE. Contact Seller, (name of seller), directly on sellers phone # at (xxx-xxx-xxxx).
Option 2:If you have asked us to indicate that you are willing to pay a certain dollar amount or a percentage, then we will include the following statement: (We have used 2.25% as the example below)
Brokerage Remarks: ***Mere Posting*** Despite the fact that the commission field states, "$2," THE SELLER IS WILLING TO PAY A FEE OF 2.25% DIRECTLY TO A CO-OPERATING BROKERAGE. Contact Seller, (name of seller), directly on sellers phone # at (xxx-xxx-xxxx).
We hope that this information helps to explain how the messaging to REALTORS® and buyer's agents works while using our selling system to market your property on the MLS®. Please contact us if you have any additional questions about this, or any other topic on our website.