British Columbia real estate agent fees in the province are typically charged as a commission, based on the sale price of the property. The commission rate can vary and is typically negotiated between the property seller and the BC real estate agent.
For more information on great BC neighborhoods, contact a BC Real Estate Agent.
BC Real Estate Agent Commission
In BC, the most common real estate agent commission rate is around 7% on the first $100,000 CAD of the sale price and 2.5% on the balance of the sale price. However, this real estate agent fee rate is not fixed and can vary depending on factors such as the location of the property in BC, the type of property, and the current state of the BC real estate market.
It is important to note that the commission paid to the BC real estate agent is typically split between the BC property seller's real estate agent and the buyer's agent. The seller is responsible for paying the commission to both agents, which is usually deducted from the sale price of the property.
It's recommended to speak with a few different local BC real estate agents to get an idea of their commission rates and services before choosing an agent to work with.