York Region Home Sellers: Understanding Real Estate Commissions & Agent Expenses
Thinking about selling your home in York Region? Before choosing a real estate agent, it's important to understand how real estate commissions work and what services are included.
When you hire a listing agent in GTA (Toronto, North York, Forest Hill), York Region (Markham, Richmond Hill, Aurora, Newmarket, Queensville, King City, Stouffville) , the listing brokerage receives the commission and then pays the buyer’s brokerage their portion. From there, the commission is split between the brokerages and their agents.
Agents Are Not Paid Until Your Home Closes
Unlike other professionals, real estate agents do not get paid upfront. We only receive our commission after your home has officially closed, meaning we invest our time, money, and resources with no guarantee of payment.
What Does Your Real Estate Agent Cover?
As a seller’s agent, most will cover the upfront costs to market and sell your home for top dollar, including:
✅ Professional Photography & Videography – High-quality images, videos, and drone footage to showcase your property.
✅ Home Staging – Helping your home stand out to attract serious buyers.
✅ Targeted Marketing & Advertising – Paid social media ads, flyers, and online promotions to maximize exposure.
✅ Open Houses & Private Showings – Ensuring more potential buyers see your home.
✅ Buyer Prospecting & Follow-Ups – Reaching out to agents and buyers actively looking for homes in York Region.
✅ Time, Gas & Travel – Managing in-person showings and meetings.
✅ Expert Negotiations & Paperwork – Handling offers, contracts, and legal documents.
These services come out of the agent’s commission. However, the services included may vary based on the commission negotiated, meaning some may not be available with lower commission agreements, or will lower their commission with fewer services.
Additional Expenses Real Estate Agents Pay
On top of marketing and selling costs, agents also cover:
- Brokerage Fees – A portion of the commission paid to the brokerage.
- Royalty Fees – If applicable, for national brand affiliations.
- Annual Licensing & Education Costs – Required for legal compliance and training. -Office & Admin Fees – Transaction processing, document storage, and office space.
Choosing the Right Real Estate Agent in York Region
Some discount brokerages offer lower commissions but cut back on marketing, negotiation, and service quality. If you want to sell your home fast and for the highest price, work with an agent who invests in your success.
📞 Thinking about selling your home in GTA,York Region, Simcoe, Durham? Let’s discuss how I can help you get the best price for your home. Contact me - Bessie today!