Ontario Tax Sale Property Forum

Tax Sale Forum => Properties for sale => Topic started by: Dave2 on May 27, 2010, 02:23:03 AM

Title: Commission Rate for sale of property owned by fellow board members
Post by: Dave2 on May 27, 2010, 02:23:03 AM

Is there any precedent for the expected commission rate on the sale of any property owned by a fellow member of this board.  I am willing to take something in liquid refreshments but worried about the potential damage to my liver.   ;D

Title: Re: Commission Rate for sale of property owned by fellow board members
Post by: Rob on May 27, 2010, 01:22:14 PM

I thinks around 5.5 percent for beer or ale.  12-15 percent for wine.  :)

Title: Re: Commission Rate for sale of property owned by fellow board members
Post by: netpred on May 29, 2010, 02:29:05 AM

Quote from: Dave2 on May 27, 2010, 02:23:03 AM

Is there any precedent for the expected commission rate on the sale of any property owned by a fellow member of this board.  I am willing to take something in liquid refreshments but worried about the potential damage to my liver.   ;D

Are you selling your own property or putting a vendor and purchaser together? On your own deal I don't think that you can tack on commission since vendor is responsible normally for the commission. In other cases, I would think no more than MLS and probably less but not less than 3%.

Just my two cents.

Title: Re: Commission Rate for sale of property owned by fellow board members
Post by: Dave2 on May 31, 2010, 01:40:16 AM

The owner is a regular member of this board who did a good buy on one of a kind property.
It is the type of property that there is a very thin market for buyer and seller.  Trying to help him get his base price for which a couple of brewski would be sufficient.  

Also Trying to help him get a premium price for which I hope he remembers me.

Dave2