I am not sure if these 3.25% are including the buyer agent’s 2.5% unless they are out of their minds. I suspect votes here are being manipulated.

It really depends if you are selling and buying or just selling.

Going price is 1% to sell, 2.5% to coop agent, and 50% rebated for buying. The Brampton rate is 1-3k to sell, and 55-70% rebated to buy.

Numbers you need to know:

Staging a condo costs $2000, possibly a bit more if they have to put your things in storage.

New paint: $1500.

Photography: $500

Little fixes: $500-$1000 (possibly nothing, painter should plaster holes as part of their fee)

Marketing $500-1000. Or more likely 0, not sure what marketing a condo requires, just post it on MLS. The word “marketing” is itself a marketing gimmick. The only person being marketed to is yourself.

So you are looking at no more than $6000 of preparation to get the downtown Toronto professional service, not the Brampton $200 photography and $1000 paint job. This $6000 of costs is sold back to you at double the price, or in the detached market, 5x the price on average.

Now for the fun part, the effort required to sell. - Listing: 2 hours - Lockbox drop off and pick up: 2 hours - Spending some time answering calls from appointments: 3-4 hours over a week - Managing offer night 3-4 hours - Dealing with your nagging, excitement, questions, other emotions: 3-4 hours - Assisting with after sales administrative work, questions from buyers, contracts, etc: 3-4 hours.

It takes about 20 hours all in to sell a condo in Toronto (assuming a seller’s market and a desirable unit)

It really is up to you what you think is appropriate compensation for 20 hours of work. The service provided is definitely worth something, and the rate can be as low as $2000 and as high as 2.5% ($20,000 for a condo)

Leasing agents happily rent out your place, and review documents and spend 2-3x as long for a month’s rent, so pay what you are comfortable with.