Do you think Real Estate agents charge a too much money?
10 years ago agents would have been able to justify a 5% or 6% commission, but not today.
Over 80% of buyers are finding properties and agents from the internet. So now all the agent has to do is input your listing into the local MLS system and the buyers will find it automatically.

Do you know how long it takes to input a listing in the MLS system?
Half an hour to maximum one hour! After that EVERY agent in the Area will know about it and ANY buyer ANYWHERE in the world will know about it.

Do you know how much a traditional agent wants to charge you for that one hour of work?
Anywhere from 2 percent for himself (the listing agent) and 2.5 for the agent bringing in the buyer (the buyer’s agent). The commission usually totals 4.5% to 5%. Do you think 2% is a lot of money for 1 hour’s of work?
If you own a $300,000 house that equals $6,000 just for his end. That does not include $7,500 paid to the buyer’s agent.

How long did it take you to build up the equity in your home?
And the agent wants to just come and take it away for a few hours of work.
There is a better way, find yourself an agent in your area that will give to a fixed low price rate for listing, say 1%, you can then save yourself the other amount for yourself, if he sells your property he will still make the selling agents commission but you won’t pay the large amount for 1 hours work.

Vic Singh is a Brampton real estate agent who specializes in low commission real estate transactions. He represents Remax Brampton.