All markets are different, but in Edmonton and area, REALTOR® services are usually offered the same way across the industry with a few outlying differences.
At first glance hiring a REALTOR® to help you search for and find a home may appear to be free of charge. That’s because your REALTOR® will usually receive a commission in exchange for helping you find and purchase a home or secure an investment.
When you sign a Buyer Brokerage agreement as you must, under provincial legislation, you are promising to protect your REALTOR® and to acknowledge that they will receive compensation for their time and expertise when you close on a transaction.
Usually, the money comes from the proceeds of the sale, or in other words, money that you have brought to the transaction, or money your bank has agreed to lend to fund the transaction. The fee is sometimes built into your offer to purchase and the amount and terms of the fee will be fully disclosed to you. In other cases, the fee has been ‘pre-offered’ by the home seller and you might not see a disclosure. In extreme circumstances, you may have to pay the fee out of pocket.
If as we have shown here, you are in fact paying for the service, you should really find the best REALTOR® available. We have several fine and experienced REALTORS® on our team. We would love to hear from you.
About the author:
You can read more about the author of this blog by clicking this link – Stuart Neal Broker Owner & REALTOR®.
To shop for ALL homes in the metro Edmonton area please go to our website www.AmbergateHomes.ca.
We have REALTOR® / Advisors standing by and ready to help you. Learn more about our team by clicking here: Vital Home Realty Team
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