REALTORS® fees or commissions vary. Compensation is always agreed to beforehand between you and your REALTOR®.
When is the commission or fee payable - The Standard Multiple Listing Contract provides that the fee or commission is payable on the earlier of the following:
- completion date under the Contract of Purchase and Sale; or
- the actual date that the sale completes.
The GST - Applies to REALTOR® fees and other services.
Other Costs- Adjustments, may include property tax adjustments
- Final maintenance and utility costs
- Lawyer or notary fees and expenses – attending to execution of documents
- Costs of clearing the title, including:
- Discharge fees charged by encumbrance holders
- the actual date that the sale completes
- Insurance - should maintain until the latter of either the date when you receive the proceeds of sale or when you vacate the property
- Real estate commission fee