FAQ | How much are real estate commissions?

We are a fully licensed residential real estate brokerage that has been offering flat fee or discount commissions to Alberta residents for over a decade. Our REALTORS® operate within the MLS® System no different than traditional agents.

There are two main differences, flexibility of services and commission rates. Our range of service encompasses everything from Owner Participation Packages to our complete Flat Fee Full Service Program. And, in all cases, we offer significant savings to home owners when compared to the commonly quoted traditional fees. We believe strongly in consumer choice and a competitive marketplace, real estate services and rates should not be an exception.

The amount of time your home is on the market has absolutely zero to do with which agent, or brokerage, your home is listed with. Factors that affect your days on market include, but are not limited to; type of market (sellers or buyers), your asking price, competing properties, and buyer’s agent commission. Your sale price is predominately determined by the market conditions, and to a lesser extent your agents (traditional or otherwise) negotiating skills.

Although rates can vary, a common commission in Alberta is 7% on the first $100,000 plus 3% on the balance of the sale price of your home, plus GST. Each agent, the listing agent and the buyer's agent, normally takes half of that amount, 3.5% on the first $100,000 plus 1.5% on the balance.

Our real estate fees vary depending on which of our service plans you choose. Please visit our Seller's section in both our Owner Participation and Flat Fee Full Service areas of this website for complete details on all of our service options and their associated costs.

Our Flat Fee Full Service Program is available with a “pay only on closing” option, or “pay in advance” options. Paying in advance can reduce your listing cost up to $1500. All our Owner Participation Packages require payment in advance of listing, however, our NegotiAid® service for our Owner Participation customers requires payment only upon the successful sale of your property.

We believe that our fees represent fair compensation for the amount of work we do. The real question is why do old-style traditional REALTORS® charge so much? Their fees have little or no correlation to the amount of work involved in selling a home, ours do.

No, the fees you see listed on this website for both our Flat Fee Full Service Program and our Owner Participation Packages are for the listing side of the commission only.

Yes, all our Flat Fee Full Service listings are on the MLS® System and REALTOR.ca, and our Owner Participation clients can add the MLS® System and REALTOR.ca to their preferred Package for $299.95.

There is information under the Seller’s tab of either the Owner Participation or Flat Fee Full Service sections of this website that discusses this question in detail. Additionally, we’re happy to explain it to you on the phone or during our free no obligation in-home REALTOR® visit.

The answer is yes, however, remember that the amount of cooperation you receive from REALTORS® will depend, in part, on the amount of buyer's agent commission you offer. Also, remember that many REALTORS® may be left with no other option than to show your home. Their client may be insisting on seeing the property, and rather than losing the client and earning nothing, they will show your home.

Yes, we do it all the time. In fact, the majority of our listings sell with less than the commonly offered 3.5% on the first $100,000 plus 1.5% on balance of sale price buyer’s agent commission. The point here is that you will not save on the buyer's agent side of the commission unless you try. Unfortunately most traditional REALTORS® will not allow you to reduce the buyer's agent commission.

Good question, they should. There is no reason to pay 7% on the first $100,000 plus 3% on the balance of sale price to sell your house. Really, there isn't.

Not from us, however, depending on the property you're selling, you may be responsible for a real property report (RPR), condominium documents and/or municipal permits. Additionally, you will have legal fees and any applicable mortgage payout penalties.

We were the first real estate brokerage in Alberta to offer a brokerage-wide CashBack Reward Program for our buying clients. To date, we have rebated hundreds of thousands of dollars to home buyers that have chosen rhinorealty to represent them in their home purchase.

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COPYRIGHT©2008-2021 RHINOREALTY. ALL RIGHTS RESERVED The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service®, and the associated logos are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. Savings calculated as compared to paying a commission of 7% of the first $100,000 plus 3% on balance of sale price plus GST Prices are subject to GST and do not include the compensation, if any, offered to cooperating buyers’ brokerages.