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Fill-out the form below and 3 real estate brokers will send you a proposal. Compare: commission, service, and personality.

How much does a real estate broker charge for the purchase or sale of your property?

Regardless of the type of property you wish to buy or sell, Compare Home Quotes will identify the brokers in your area that best fit your criteria and needs. Our partners are accredited, professional and reputable. Have peace of mind with Compare Home Quotes and get answers fast!

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SALE & PURCHASE OF A CONDO

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SALE & PURCHASE OF A PLEX OR INCOME PROPERTY

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SALE & PURCHASE OF A COMMERCIAL BUILDING

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FILL-OUT THE FORM IN 2 MINUTES

Tell us details of your project of type of service you need.

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You will quickly receive quotes from 3 brokers that meets your criteria.

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Choose the professional who matches your needs: service-quality-price.

Do you need other real estate services?

Compare Home Quotes, a Web platform that helps you find professionals from all trades related to the purchase or sale of property in Quebec, aims to simplify your life!

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Do you need to hire a real estate broker? Compare multiple proposals!

It is wise to rely on a real estate broker when it comes time to buying or selling a property. It is an important project that has many facets and requires substantial knowledge. A good real estate agent knows how to turn a real estate project into a success.

Discover the advantages & disadvantages of hiring a real estate broker

To hire a real estate agent is to ensure that you receive full support. Your home, your condo, your cottage or any other type of property will get all the attention and visibility it deserves. The broker’s functions include:

  • Guiding you in your decisions throughout the process
  • Showcasing the property for sale
  • Sharing his expertise in choosing a property to buy
  • Schedule visits

IMPORTANT: The cost of a real estate agent’s services (usually in the form of commission) is well worth the benefits you get as a seller because your transaction is safe, you save on time, and avoid costly mistakes.

The real estate agent is in charge of your project. He knows how to collaborate with other brokers and maximize all the resources potentially involved: banker, contractor, inspector, notary, appraiser, etc.

But the benefits of hiring a real estate broker do not end there:

  • If you buy a property, a broker’s services are free because it is the seller (the owner, represented by a broker or not) who pays the commission;
  • The real estate agent knows the market (commercial or residential) in your area
  • He also knows the technical aspects of real estate (foundation, roofing, fenestration, insulation, heating, renovations, landscaping, etc.);
  • He can refer you to the right professionals where you can obtain advantageous mortgage rates.

How to choose a real estate agent to buy or sell your house?

There are over 15,000 “real estate agents” or real estate brokers in Quebec. Which one should you choose?

Compare Home Quotes aims to make things easier for you. To ensure that you receive the best service and the best selling price as a seller, buyer or landlord, we will put you in touch with honest and successful real estate brokers.

Establish your needs

If you choose to find your real estate agent yourself, you should know that brokers are professionals who have fields of expertise, who have specialisations. A market may be much more familiar to some than to others. So you have to target your needs right from the start.

  • Do you want to buy or rent?
  • What do you want for your home : a single-family home or a condo?
  • Does a rental property interest you? In the city center or in the suburbs?
  • Do you want a farmhouse or a wooded lot?

The real estate broker partners of Compare Home Quotes have been carefully screened so we can give you only the best choices. Our partners are professional and renowned in their field.

Soumissions courtier immobilierYou Must Do a Little Research

Do not randomly select a broker to handle your project. Take the time to check, compare, and find the right real estate broker. You can search the Web or use conventional media, discuss your project with relatives or friends to get references, or better yet, obtain free real estate quotes using our online form to save time.

IMPORTANT: Check to see if the professional you want has all the necessary permits, including a broker’s license. You will find the relevant information in the OACIQ license holders registry.

Ask a lot of questions

After doing a little shopping and when you have a few candidates on your list, get in touch with them. By talking with each of them, you will know more about their work, their methods, and their vision. You will be able to see which is the most suitable based on whether your candidate:

  • Listens to you and understand your expectations, your tastes, your goals;
  • Explains and simplifies all the steps he plans to take;
  • Specifies the time he is willing to devote to your project;
  • Details the benefits of doing business with him versus other brokers;
  • Presents all his tools (marketing, network, agencies, Web, etc.);
  • Clarifies in detail his remuneration.

How do real estate agencies in Quebec work?

These are businesses or companies that offer services and advice for the negotiation or transaction of real estate (sale, lease, estimate, etc.).

Some agencies are independent while others are connected to large national or even global real estate network. They depend on the work of real estate brokers. They are the ones who have the task and the responsibility of initiating and closing transactions.

As a general rule, a real estate brokerage firm does not employ brokers who remain self-employed. Rather, it acts as a franchisor that grants licensed dealers (franchisees) the right to use and operate its banner, trademark, network, structures, tools, etc.

There are about 40 real estate agencies in Quebec. Some of them are :

  • Royal Lepage
  • Via Capitale
  • RE / MAX
  • Sotheby’s International Realty Canada
  • Century 21
  • Top of Form
  • Bottom of Form

What is the commission of a real estate agent?

trouver courtier hypothecaireThere may be several types of contractual agreements between clients and real estate agents. A remuneration per hour (salary) is possible. However, the broker’s job is most often paid in the form of a commission based on the value of the real estate transaction.

The percentage of this commission is also variable. The range is normally between 4% and 7%. The seller has to pay the commission to his broker. This amount is consequently shared between the two brokers (seller and buyer) because the buyer most often also has a broker.

Important: a buyer doesn’t pay any commission to his broker or agent regarding the purchase of a property.

In certain situations, it is possible to negotiate a lower commission rate below 4%. Note, however, that the calculation of the commission amount is always done based on the total amount of the transaction, and taxes must be added to the amount obtained.

  • Exclusive mandate: This option allows restriction of a broker’s services. For example, the service may be limited to advice and not include finding a buyer. This option usually places the commission percentage at 4%. In return, this will require that you devote more time to your project. The broker may also not be involved in negotiations or home visits, and limited to marketing. In this case, you could negotiate a lower commission: between 2% and 5%.

Note: Market conditions are crucial. The amount of a commission may vary from region to region. Any commission is taxable. It must be known from the outset by the client.

How to negotiate the commission of the broker?

If you have ever tried selling a house on your own and failed, it may work against you when you are negotiating. Telling your broker about your failed attempt will not be to your advantage because it only underlies how much you need his help.

The rate charged by the broker for his commission generally varies depending on factors. It is therefore good to know these:

  • The area where your house, condo, cottage is located;
  • The type of house;
  • The condition of the property (urgent or significant renovations to make the sale difficult).

What you have to understand is that you pay for a broker’s time and efforts. It is the time (and efforts) that the broker estimates he will have to give to close the transaction (the sale of your home) that determines the percentage of his commission.

If your house is located in a very popular neighborhood, the amount of time needed to sell will be less than if it is in an unpopular sector.

In return, you can take advantage of some of these factors. By improving the appearance of your home, doing some renovations, and keeping a close eye on your broker’s performance, you can get a better rate.
On the other hand, if your agent fails to sell your home, you can negotiate a decrease in the rate (when renewing the contract). On the other hand, if you receive a generous offer that is above your expectations, it may be wise to re-negotiate (down) the percentage of the commission.

Also ask your agent what percentage of the commission they are willing to share with the buyer’s broker. If it is too low, you could lose out because other real estate brokers will choose to take their clients to other properties offering bigger commissions.

The next step is for you to compare real estate brokers in your area.
Fill-out the form on this page and receive free and no obligation quotes.
There is no easier way!

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Nicole Bolduc

For someone who is new to the region and does not know where to go, your service was most appreciated. The phone service was great and I was able to make an appointment. Thank you!

Nicole Bolduc