UPDATE: Previously, real estate brokerages could charge consumers a flat fee or a percentage of the sale price, but not a combination of the two. The restriction has been removed, so brokerages now have the option to make fee arrangements that could include a blend of a flat fee and a percentage of the sale price.
These changes, brought in by the Stronger Protection for Ontario Consumers Act, 2013, are effective as of
December 12, 2013.
Click here to see PUBLIC ADVISORY notice of December 13, 2013
Commission, or other remuneration, must be either:
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An agreed amount or,
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A percentage of the sale price
Commission or other remuneration cannot be a combination of an agreed amount and percentage.