Understanding Real Estate Fees in Brampton: What You Need to Know
When buying or selling a home in Brampton, understanding real estate fees is important to avoid surprises. These fees are part of the process, whether you’re working with a real estate agent or dealing with other services. Here’s a simple guide to help you understand the common fees involved. 1. Real Estate Agent Commission One of the biggest fees you’ll encounter is the real estate agent commission . When you work with a real estate agent or real estate brokerage in Brampton , they charge a commission for their services. This fee is usually a percentage of the sale price, typically around 4-5%. The seller's agent and the buyer's agent split this fee. For example, if your home sells for $500,000 and the commission is 5%, the total commission would be $25,000. 2. Closing Costs In addition to agent fees, there are closing costs when buying a home in Brampton. These include fees for title insurance, property inspections, land transfer taxes, and lawyer fees. Closing costs can ...