How much are Vancouver Realtor fees when buying a home?

This is probably the most commonly asked question I get, how much are Vancouver Realtor fees?  

When you are buying the costs are zero, nothing, nadda, zip. Its one hundred percent paid for by the seller. The seller has to pay the listing agent, then the listing agent pays half to the buyers agent. Well, generally its about a 55/45 split.

Which brings me to my next point. Why do some buyers choose to go ahead and not use any representation? Even if you’re an investor or a contractor and you have a good knowledge of the home buying process, what to look for, what’s a good deal/bad deal, what does it hurt to have a second pair of eyes helping you out? It costs you nothing so why not have that safety blanket.

Oh, and despite popular belief there is no discount if you go directly through the listing agent.

For sellers there is no industry set commission charged by a Realtor. However, the most common commission you will see is 7% on the first $100,000 and 2.5% on the remaining balance. Again, keep in mind about half of that is shared with the buyers agent.