Commissions and fees charged by the brokerage 1

Arrangements can vary. Commission and fee arrangements come in three forms:

    • A fixed amount
    • A percentage of the sale price
    • A blend of a fixed amount plus a percentage of the sale price

buying-a-condo

The short answer to this question is that buying a condominium (condo) involves a number of special considerations you won’t encounter when you purchase an ordinary detached or semi-detached home, and you should be aware of them before you make an offer.

 

 

Buyers-Representation-Agreements

When you are buying your home, a real estate broker or salesperson may ask you to sign a representation agreement. A representation agreement defines the nature of the relationship between you and the brokerage, including the broker or salesperson.

difference-between-condo-and-co-opReal estate terminology isn’t always clear and understandable. If you’re thinking of buying a condo or co-op, I strongly recommend working closely with a registered real estate salesperson who can answer your questions, and explain the meaning of certain terms. And when you find the right salesperson for you, make sure you’re open and honest about your budget and the dwelling or ownership model that’s the best fit for your lifestyle.