In consideration of the Listing Brokerage listing the Property, the Seller agrees to pay the Listing Brokerage a total commission that is then distributed amongst the Agents and brokerages involved in the transaction.
Real estate commission in Ontario varies by region. In Toronto, Halton and Peel regions, cooperating commission (the amount paid to the Agent who brings the Buyer, the Selling Agent) is almost always 2.5%. However, in the Niagara Region and Hamilton-Wentworth, the cooperating commission can range from 1.5-2.5%.
When a property is listed for lease, the total commission is always one month’s rent split between the Selling Agent and the Listing Agent.