FAQs

• You are entitled to 3 personal transactions per year.

• Either you or a spouse (married or common-law) must be on title. Verification will be required for our files.

• The applicable transaction fee is $285 + $29 deal review plus applicable taxes.

• Please ensure a proper Registrant Disclosure form has been signed and submitted. You and the buyer or seller must sign before any offer is accepted (the brokerages can sign after).

• Revenue share is not paid out on personal deals due to lack of profit margins.

When the listing-side commissions are below 3% of the selling price, the following applies:

• A minimum fee to eXp of the LESSER of:  (1) $500 or (2) the regular 20% split on 3% of the selling price. 

• Given the high price points in Ontario in most areas, the $500 will apply in the vast majority of cases.

• The intent of the above is not to mandate a minimum 3% fee on the listing side.  You are free to negotiate any commission provided eXp receives the minimum company dollar.  It is in place to cover costs involved to process each deal, as well as to protect the integrity of the revenue share program.

• The above is not inclusive of any applicable taxes.

     *Above is subject to change or amendment and as per Independent Contractor Agreements.

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