Surrey Realtor Fees Explained: Fixed vs. Percentage Commission Models
When you start thinking about selling your home in Surrey, one of the first questions that comes up is about realtor fees Surrey BC . The commission structure isn’t always clear, and it can feel like every agent has a slightly different way of explaining it. Some use a traditional percentage model. Others work with a flat fee, often set around two percent. Both approaches are common, but the differences matter when it comes to what you take home at the end of the sale. The Traditional 7/3 Split In Surrey and across much of British Columbia, the most common model has been the 7/3 split. What that usually means is a total of 7% on the first $100,000 of the sale price, plus 3% on the rest. The listing agent and the buyer’s agent then divide that commission between them. On paper it sounds straightforward. Yet when you apply the numbers to an actual property, the totals can surprise you. Say your home sells for $1,200,000. The first $100,000 is charged at 7%—that’s $7,00...