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Updated over 1 year ago,

User Stats

22
Posts
3
Votes
Aditya Bhate
  • New to Real Estate
  • Ontario, Canada
3
Votes |
22
Posts

Who pays for Realtor fees?

Aditya Bhate
  • New to Real Estate
  • Ontario, Canada
Posted

Had this question in mind and kinda cliché but still wanted to get a clear idea.

Consider someone is looking to  buy a house in Ontario, Canada. Lets say that person finds a deal.

Now, the question is who pays for the seller's realtor and the buyer's realtor:

1) Is it that the seller pays whatever commission to the seller realtor which is then split b/w the buyer's and the seller's realtor.

OR

2) Seller pays the seller's realtor and buyer pays the buyer's realtor.

****
From what info is out there on the internet, it says the buyer is not supposed to pay any realtor commission.
Is this true?

Or Is there any specific law regarding this from the provincial/federal govt.?



#Realtor #Ontario #RealEstate #Canada

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