Commissions are not fixed nor approved by the Real Estate Council of Ontario, government authorities, real estate associations or real estate boards. It is the brokerage that determines the commission rate it wishes to charge a consumer.
Typically, the commission will be based on the services provided by the brokerage and its employees. Keep in mind that the cheapest deal, as with most things, is not necessarily the best deal. Make sure you understand the details of any agreement before you sign.
While you may be working directly with a broker or salesperson, commissions are payable to the brokerage. If you are asked by an individual to make a direct payment, contact the brokerage immediately.
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