FREQUENTLY ASKED QUESTIONS:
Q. What Do You Charge?
A. For homes listed under $700,000 we charge a flat rate of $7,950 plus HST. If your home is $350,000 or $700,000 we charge the same $7950. For homes listed over $700,000, we charge 1% plus $950 of the selling price. So homes under $700,000 are just $7,950, a home priced at $700,000 is $7,950, $800,000 is $8,950 and so forth. See the chart below to see how much of your hard earned money you can save while still receiving the full MLS® service you expect!
LISTING OTHER 1% YOUR
PRICE GUYS* REALTY SAVINGS
$ 200,000 $10,000 $ 7,950 $ 2,050
$ 300,000 $15,000 $ 7,950 $ 7,050
$ 400,000 $20,000 $ 7,950 $12,050
$ 500,000 $25,000 $ 7,950 $17,050
$ 600,000 $30,000 $ 7,950 $22,050
$ 700,000 $35,000 $ 7,950 $27,050
$1,000,000 $50,000 $10,950 $39,050
*compared with a broker charging 5%, not all brokers charge the same.
Q. Are Your Listings on MLS® and www.realtor.ca?
A. Yes and yes!
Q. How Does an Agent for the Buyer Get Paid? Do I Have to Pay Them?
A. The $7,950 commission includes $3,500 of commission to the Buyer's representative. With a sale under $700,000 with 1% representing the Seller and the Buyer being represented by a Cooperating Brokerage: the 1% listing agent earns $3500, the cooperating Brokerage earns $3500, and the remaining $950 pays for the 1% agent's expenses incurred in selling your home.
Q. Are There Any Upfront Fees to List Your Home with 1%?
Q. Will Other Agents Show One Percent Listings?
A. Easily the most frequently asked question...Why would an agent show his/her client a One Percent listing when that agent can show a different listing and possibly earn more? There are several reasons that other agents do show One Percent listings. (1) Agents have an ethical duty to show all listings, regardless of commission, unless they are authorized by their client to do otherwise, (2) agents still earn a commission (3) buyers can easily find One Percent listings on a number of websites including http://www.REALTOR.ca or http://www.onepercentrealty.com. What REALLY matters is "Does One Percent Realty Work?" In fact, in 2011/2012 in Ontario over 89% of our listing sales were sold by Cooperating agents.
Q. Does One Percent Realty Work?
A. Yes One Percent Realty works! Clients can save many thousands of $$$ in real estate commission as thousands of other Canadians have! Your property will attract a buyer if priced realistically. Paying thousands more in commission is not what will sell your property, it will sell because of the exposure we provide to attract the right buyer for your home.
Q. How Does The $7950 Commission Break Down?
A. For homes under $700,000 we charge $7,950. $3500 is for me ("listing agent"), $3500 is for the buyer's agent ("selling agent"), $950 is allocated for expenses (includes the fee to my office when I sell your home, advertising costs & MLS® system fee). You pay absolutely nothing to me until your home is sold! One Percent Realty sells many properties. One Percent REALTORS® don't have the overhead costs other many other agents have and our low commission structure allows us to focus on serving our clients instead of wasting valuable time soliciting new business.
Q. What Do You Mean By "Full Real Estate Services"?
A. When I promise to provide Full Real Estate Services this includes listing your property on the Multiple Listing Service (MLS®) of our Board, http://www.REALTOR.ca , http://www.onepercentrealty.com , taking photos, advertising your property, holding open houses, for sale sign, lock box, showings, all documentation and contracts, negotiations, keeping you informed, cooperating with brokerages representing buyers, responding to inquiries - THE WORKS!
Q. Premal, What's The Best Way To Contact You?
A. Please feel free to call me directly on my cell at (416) 939-3270 or by
email at GoodRealtor@Outlook.com
ONE PERCENT REALTY LTD. Brokerage*
Not intended to induce a breach of an existing buyer or seller contract.