Do I Pay Commission As A Buyer?
The quick answer is no, but it depends!
Typically, when we purchase a home the seller of that home pays the commissions for both the selling and buying agents. This makes up 99% of transactions in Ontario.
When could you pay?
- property found "off market" not on the public MLS
- sellers are not offering a commission to the buying agent
In both these cases the goal is to purchase the home UNDER market value to make up for the commission to us. This is a rare occurance.