That is because the commission-based system has been in place for a long time! The history of real estate is long and fairly complex so we won’t bore you, but pretty much ever since homes have been owned there have been people acting as a go-between!
The commission system is so ingrained that the concept of flat-rate fee real estate can seem strange! It is unsurprising that the industry has kept it this way for so long – big commissions are often a recruiting tool to attract new agents.
Flat fee estate agents do the same work expected of commission-based agents – but commission agents get paid more. Commission based agencies pass the cost of that paycheck difference on to the seller – which we don’t think is fair.
Emphasis Real Estate Ltd. has been successfully operating for over 5 years on a “word of mouth” basis. With the current pandemic changing how people interact and the effect it will continue to have on the economy, we have elected to become more active in the public eye, making information on flat fee real estate available to sellers in a bid to assist home sellers in these troubling times.