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What if I want to negotiate buy-side commission?
What if I want to negotiate buy-side commission?

What is the best approach to take related to buy-side commissions? Read the commentary below.

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Written by Bōdie
Updated over a week ago

The marketplace we have built enables peer-to-peer transactions.

Sellers are free to offer a buy-side commission if they choose, as well as negotiate it. Most of our sellers offer what is considered a typical commission in Alberta – 3.5% on the first $100,000 and 1.5% on the balance of the final sale price. Some sellers do not offer a commission to agents representing buyers and rely solely on buyers that choose to not have agent representation. Finally, some sellers choose to offer a flat rate or custom commission rate.

If you choose to offer a commission, you still have a good chance of attracting a buyer without an agent as Bōde advertises your listing on Facebook, Instagram, and Google to buyers who are early in their home search.

Of course, you can decide to change your commission offering at any time. Although, agents will not be notified of this change. It is important to understand that you are legally obligated to pay the commission offered unless an alternative amount is agreed upon. Any commission agreement made that differs from the amount you have offered, must be made in writing. Of course, our team will be happy to provide the forms and language you may require.

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