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COMMON QUESTIONS

Everything You Need to Know...

Learn all about my business, how I am giving Real Estate greater purpose and why I’m the right Real Estate Agent for you. Find a list of frequently asked questions below. If there’s something I’ve missed, please reach out and let me know how I can help you.

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About The Cause:

How does it work?

  • Its simple! – I am giving the commission you pay more meaning! On every purchase or sale transaction I will donate 15% of my net commission* after a purchase or sale closes to an animal rescue.  

  • And don’t worry – if you are looking to rent a property you own or find a rental property to call your own, I haven’t forgotten about you! A portion of the commission paid will go towards supplying a rescue with items their residents need, from bowls, to blankets, to food.

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Why Animals?​

  • Animals are something that have always been close to my heart

  • Growing up, pets helped me learn responsibility and taught me to love unconditionally at a young age

  • Animals do not have a voice, through this opportunity, I am looking to help give them one; working with the very people who are looking to find them a second chance at a great life!

Cottage House

About Real Estate:

How does Agent commission work on the sale or buy?​

  • Commission is traditionally paid by the individuals doing the selling. The seller would be responsible for paying commission to both the Selling Agent who is selling their property and the Buyer Agent who brings a client to complete the transaction

  • Typically, the full commission on the sale of a property is 5% + HST.  The Seller Agent will receive 2.5% + HST and the Buyer Agent (Co-operating Agent) will receive the remaining 2.5% + HST

  • It is important for the seller to to understand the listing agreement they have with the Selling Agent they have chosen, same for the buyer and the Buyer Agent they have chosen before they enter into an agreement with either party.

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How does Agent commission work on a rental?​​

  • Typically, commission for a rental property works the same way as the sale of a property

  • The landlord with the property to rent would be responsible for paying commission both to the Listing Rental Agent and the Tenants Agent (Co-operating Agent) bringing the client

  • Traditionally, for a full year rental, the full commission is 1 months rent + HST. Half month's rent paid to the listing rental agent and half month's rent paid the Co-operating Agent (tenant's agent)

  • The commission usually comes from the tenants first and last month rent deposit, so the tenant is typically not responsible for paying additional money out of pocket to pay their agent.  It comes directly from their first / last months rent payment

  • It is important for the landlord to to understand the listing agreement they have with the Rental Agent they have chosen, same for the Tenant and the Tenant Agent they have chosen before they enter into an agreement with either party.

Suburb Houses

How much time do I have to fulfill a condition in an offer?​

  • Typically you get 3 to 5 business days to fulfill a condition on an accepted offer but it all depends on the contract, sometimes it can be as short as 24-48 hours, sometimes up beyond 10 business days

  • Most frequent conditions on the sale of a property include:

    • Home Inspection​

    • Financing

    • Status Certificate - if purchasing a condo

  • Most frequent conditions on a rental property include:​

    • Validation of tenants credentials (credit check, employment history, referen

 

When is the deposit due on the successful purchase of a property?​​

  • Typically, the deposit is due within 24 hours of an accepted offer, but terms on this can vary

    • e.g., if a property is holding for offers a buyer could choose to include their deposit with their offer

    • If you need to wait for funds to come through, you could offer $X upon acceptance with an additional $X within a certain number of business days. You may be required to show proof of funds or additional documentation

    • If a deal is accepted the day before a holiday or on a Saturday and banks are closed the next day make sure that this is documented on your offer as in this situation your deposit will take more than 24 hours.

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What is a deposit vs. a down payment?​​​

  • Down payment is the total $$$ that you put down towards the purchase of a property

  • Deposit is the $$$ that is required to secure a property

  • The deposit is PART of the total down payment

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