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Find Real Estate Agents With Transactions Near You
There is a famous saying in real estate that the three most important things when buying a property are “Location, location and location”. Although location is only one of the many factors involved in buying a property, the saying rings true because you can change almost anything about a property, but you can’t change its location.
With WOWA.ca, you can keep up with recent transactions in your neighbourhood and find the top agents that have helped your neighbours buy or sell their homes. With a simple click, you can also view comprehensive agent profiles that go through their real estate experience, recent deals, personality, and commission rate.
Real Estate Agents and Brokers Near
How to Use WOWA.ca to Find a Top Real Estate Agent Near You
1. If you are a seller, find your current neighbourhood. If you are a buyer, find a neighbourhood where you want to buy a property. You can customize your location in the search field on the map.
2. Check recent transactions in your area to get an idea about the active real estate agents in your neighbourhood. You can click on a transaction to get more information about the property type and the agent who powered the transaction.
3. Click or tap “Check Profile” to see the agent’s comprehensive and detailed profile.
4. Go through the agent’s profile to see if they match up with your criteria. Remember to look for the three most important factors: 1. Their local real estate experience, 2. Their personality and reviews by previous clients, and 3. Their commission rates.
5. Click or tap the “Message” button to get in contact with the agent for a free, no-obligation consultation.
We recommend contacting at least three of the top real estate agents in your neighbourhood to get the best selection possible. To help you in your search process, we have prepared a list of the top agents in your area below.
Congratulations! You are on your journey to finding the right real estate agent and real estate success.
How to Find a Real Estate Agent
Finding a real estate agent can be a daunting task for many home buyers and sellers, especially for first-time home buyers. Here are some ways for you to find a real estate agent in your local area.
1. Referrals
The first step that many home buyers and sellers take to find a real estate agent is to ask family and friends if they know any real estate agents that they can recommend. Asking for referrals from your personal network is a great way to get in touch with real estate agents that have proven themselves to be qualified and have shown that they were competent when dealing with your friends’ or family member’s real estate transaction.
A study from the National Association of Realtors in the United States found that 41% of home sellers used a real estate agent that was referred to them, while 26% of home sellers used a real estate agent that they worked with in the past. Referrals can help you quickly pinpoint some potential candidates for your real estate transaction that have left a positive impression with someone that you know, and your personal connection may have more experience or advice after having a real estate transaction under their belt that they can share with you.
Even though trusted friends and family members will have good intentions when referring a real estate agent to you, there can still be some bias in their referrals. A friend might have a friend that is a real estate agent that they will refer to you, even if they haven’t used them for a transaction before. Having a friend of a family member that is a real estate agent can also put some pressure on you to use their services, even if they’re not the ideal agent for you.
While real estate agent referrals can point you in the direction of a few agents, you won’t be able to have exposure to a more comprehensive field of real estate agents if you only rely on referrals. A family member might have had a great experience with a real estate agent, but that agent might not specialize in a home that you’re trying to sell, or they might not be as familiar with a certain location. A top real estate agent for a friend or family member might not be so suitable for you. Having limited options and potentially biased referrals can lead you to a less than ideal agent. That’s why it’s important to also use other methods of finding local real estate agents, as you can then tailor the search to find an agent that is customized for your situation, and not someone else’s.
2. Advertisements
At some point during your search for a real estate agent, you may be tempted to just use an agent that you are familiar with. High-profile real estate agents that you see often on real estate advertisements, such as in the newspaper, on TV, the radio, or on a bus stop, can be intriguing based on their local presence. However, having a local presence isn’t entirely based on their amount of advertisements in your local area. You may want to check to see if they actually have recent transactions in your neighbourhood, rather than just seeing ads in your local area.
For some high-profile real estate agents and brokerages, the agent that you see in the ads might not be the agent that you will be dealing with. Instead, you might be delegated another agent, particularly if they are busy with other clients.
Choosing a real estate agent based on their ads can also make you susceptible to the quality of their ads, rather than their actual experience and expertise. Agents might also make claims on their ads that might not be true to your situation, setting you up for disappointment if you base your decision only on their claims and your real estate transaction doesn’t live up to the agent’s claims. For example, a real estate agent might say that they are the #1 sales representative for semi-detached units sold in Toronto in 2021. If you’re looking to sell a townhouse in Ottawa, this claim might not be relevant to you.
Many provincial real estate regulators have rules around what real estate agents can not say in their advertisements. This includes making false, misleading, or deceptive statements. For example, the Real Estate Council of Ontario (RECO), the regulator of real estate professionals in Ontario, has restrictions on comparative claims, statements about business volume, promises about savings or commission, and statements about awards. For example, if a claim is made about business volume, then a disclosure is needed that can show how the claim is true in a certain time period.
3. Online Sources
From online reviews to transaction histories to active listings posted on your local MLS, it’s easy for home sellers and buyers to find a real estate agent online. With a treasure trove of information online, you’re also able to do research, filter, and compare agents.
One way to find a real estate agent online is to search through active real estate listings. These homes for sale will have a listing agent, also known as a seller’s agent. If you like what you see, you can decide to have them as your real estate agent for your own real estate transaction.
Another way is to search for real estate agents online through a search engine. Some websites can also show you customer reviews that you can use to see the overall feedback on this agent and on your agent’s real estate brokerage firm.
Searching for real estate agents online can be overwhelming, which is why WOWA.ca makes it easy to search for local real estate agents by providing all the information that you need in one place. You can see an agent's past real estate transactions to see what neighbourhoods they are active in, check their real estate commissions, read customer reviews, and contact them, while also comparing with other agents.
Real Estate Broker vs. Agent
The main difference between a real estate agent and a real estate broker is that a real estate agent works for a real estate brokerage, while a real estate broker can run their own real estate brokerage and supervises agents that work in that brokerage. Both a real estate broker and a real estate agent can represent buyers and sellers, but real estate brokers would have had a minimum number of years of working as a real estate agent and have undergone additional licensing and training in order to become a broker. Real estate brokers are agents, but they have the ability to independently operate without having to work for a real estate brokerage firm.
Real estate brokers that work independently don’t have to split their commissions with a brokerage. On the other hand, real estate agents usually have to pay 20% of their real estate commissions to their brokerage.
Which one should you choose?
Both agents and brokers have gone through training and licensing to make sure that they are competent, but brokers have gone a step further with additional training. However, this doesn't mean much on its own. If you’re looking for someone with plenty of experience, you shouldn’t automatically exclude real estate agents from your search. A real estate broker could have the bare minimum working experience required for a broker's license, while a real estate agent might have already been working as an agent for decades.
Provinces in Canada will have different official names for real estate agents and brokers. In Ontario, real estate agents are officially called as real estate salespersons, while in British Columbia they are called real estate representatives. Some provinces require licensing for those employed by a real estate agent to represent buyers and sellers. In New Brunswick, a real estate salesperson is employed by a real estate agent, while licensed real estate managers act as a real estate broker by supervising real estate salespersons.
Some provinces also distinguish between real estate brokers. In British Columbia, an associate broker is a broker that doesn't manage a brokerage, while a managing broker is the main point of contact of a brokerage, supervises all transactions, and manages agents.
Real Estate Agent and Broker Names in Canada
| Province | Real Estate Agent | Real Estate Broker |
|---|---|---|
| Alberta | •Real Estate Associate | •Real Estate Associate Broker•Real Estate Broker |
| British Columbia | •Real Estate Representative | •Real Estate Associate Broker•Real Estate Managing Broker |
| Manitoba | •Real Estate Salesperson | •Real Estate Broker |
| New Brunswick | •Real Estate Agent•Real Estate Salesperson | •Real Estate Manager |
| Newfoundland and Labrador | •Real Estate Representative•Real Estate Restricted Salesperson | •Real Estate Broker•Real Estate Restricted Broker |
| Nova Scotia | •Real Estate Salesperson | •Real Estate Broker•Real Estate Managing Associate Broker |
| Ontario | •Real Estate Salesperson | •Real Estate Broker |
| Prince Edward Island | •Real Estate Salesperson | •Real Estate Agent |
| Quebec | •Real Estate Broker | •Real Estate Agency |
| Saskatchewan | •Real Estate Salesperson | •Real Estate Broker•Real Estate Associate Broker•Real Estate Branch Manager |
Types of Real Estate Agents
When looking for a real estate agent, you might find terms such as listing agents, buyer's agents, and dual agents. These agents specialize in different types of transactions, or they may represent you for a certain transaction.
What is a Listing Agent?
If you are selling your home, you will be working with a listing agent. A seller's agent, also known as a listing agent, is used to sell a property. A selling agent is different from a seller's agent, since a selling agent is the buyer's agent.
Listing agents will handle things such as getting your home ready for sale, such as suggesting renovations or repairs, arranging professional photography and videography, and listing your home on MLS. Listing agents can also help you price your home, advertise using their own network and channels, and also be the one that runs open houses. Listing agents also negotiate offers and guide you through the paperwork.
When you're selling a home, you will be the one that pays the real estate commissions for both your listing agent and the buyer's agent.
What is a Buyer’s Agent?
Buyer's agents represent home buyers, and they will be the one that helps you find a home to buy, let you know about interesting listings, and work with you through the buying process. This includes making an offer on a home and handling paperwork.
More often than not, a buyer's agent won't cost home buyers anything. Buyer's agents will only be paid if you purchase a home with them, and they will be paid by the sellers of the home. If you're unable to purchase the perfect home with them, then you won't be charged anything.
What is a Dual Agent?
Dual agency, or a dual agent, is a real estate agent that represents both the buyer and seller. A dual agency is when two real estate agents, a listing agent and a buyer’s agent, work for the same real estate brokerage in a real estate transaction. Dual agency and dual agents are prohibited in British Columbia, since dual agency can be a conflict of interest. That’s because sellers want as high of a price as possible for their home, while buyers want as low of a price as possible. If the same agent represents both the buyer and seller, they can be tempted to favour one side, such as for the purposes of commissions.
Even in British Columbia where dual agencies are banned, there are exceptions in certain circumstances, such as if the property is in a remote location that might not have many real estate agents available for the buyers and sellers.
Dual agencies are referred to differently in some provinces. The table below lists how dual agency relationships are referred to in each province, and whether or not dual agents are allowed.
Dual Agents in Canada
| Province | Dual Agency Relationship | Allowed? |
|---|---|---|
| Alberta | Transaction Brokerage | Yes |
| British Columbia | Dual Agency | No |
| Manitoba | Manitoba Limited Joint Representation | Yes |
| New Brunswick | Dual Agency | Yes |
| Newfoundland and Labrador | Dual Agency | Yes |
| Nova Scotia | Transaction Brokerage | Yes |
| Ontario | Dual Agency | Yes |
| Prince Edward Island | Dual Agency | Yes |
| Quebec | Dual Agency | Yes |
| Saskatchewan | Limited Dual Agency | Yes |
What Do Real Estate Agents Do?
All real estate agents will need to work in the best interests of their client if they operate exclusively as your listing agent or buyer's agent, but might not in a dual agency transaction. Your real estate agent will represent only your interests, and they will work to make sure your real estate transaction goes smoothly. Their roles and responsibilities will differ if they are working for the home seller or for the home buyer.
For home sellers, your real estate agent will:
- Determine an appropriate listing price
Your listing agent will find your home's current market value by looking at comparable homes in your neighbourhood, their listing prices and listing history for recent sales, along with inspecting your home for anything that could add value or reduce value. This method is called a comparative market analysis (CMA), since it uses comparable homes to give an estimated home value for your home.
A CMA is an informal way to estimate market values which can be used to determine an appropriate listing price, although CMA's usually only produce a range that your home value might be within. For a more rigorous and formal process, a real estate appraisal can attach a specific market value to your home. CMAs can be conducted by your listing agent, but real estate appraisals can only be done by licensed home appraisers.
- Use pricing strategies to maximize your home sold price
A listing agent working in the best interests of a home seller will try to maximize the home sold price, and they're also incentivized since their commissions are also based on how much the home is sold for. Your listing agent may decide to use pricing strategies when setting your listing price. One strategy is listing your home for well below market value, with the goal of driving interest and having plenty of offers all lined up. Competing buyers will try to outbid each other, and a bidding war may drive up the price well beyond the home's market value. This idealistic scenario of selling for well over asking might not always materialize, and it can also be frustrating for buyers.
Another strategy is pricing your home well above market value. Your listing agent will then negotiate with buyers to bring the price down, but hopefully still above the fair market value. This strategy can also backfire, such as not receiving any offers at all and just sitting on the market. Frequently relisting your property to avoid having a large number of days on market might also be a red flag for home buyers.
The third strategy is to list your home at market value. While you might not have a bidding war or be able to catch a buyer willing to pay well above market value, you won't be leaving any money on the table either if other pricing strategies don't work out. You will work with your real estate agent to find the best selling price for your home.
- Prepare your home for sale
The next step is to make sure your home is ready to sell. Home buyers will closely examine your home, so you want to make sure that everything is in perfect condition. This includes repairing things that are broken, such as a leaky faucet, or cosmetic damages such as holes in walls or chipped counters. You might want to spruce up your home by adding a fresh coat of paint, doing landscaping, and replacing lights.
Once your home is clean and presentable, your real estate agent may have your home staged. Home staging can make your home much more attractive to buyers, and can make it more likely to sell for a higher price. A study by the National Association of Realtors in the United States found that half of sellers' agents saw an increase in the dollar value of offers ranging from one percent to 10 percent. Even a one percent increase in your home sold price can add thousands of dollars in extra value, which can more than recoup the cost of home staging.
- Listing the home
One thing that's needed for your home listing is for photos of your property. Having professional real estate photos can entice potential buyers to your listing, while sub-par photos can chase away buyers.
Your listing agent will post your home listing on a multiple listing service (MLS), which will then also be available to the public on publicly accessible real estate websites. Your agent will also write your listing's property description, which can be important for many home buyers.
- Marketing your home
Once your home has been listed, your listing agent will market your home. This can include putting up a lawn sign, having advertisements in your local area, and using their network and real estate leads to find potential buyers. Agents may also use social media and have open houses.
- Negotiate and closing
Negotiations will be handled through your listing agent, and once a suitable offer is accepted, your agent will guide you through the closing process.
For home buyers, your real estate agent will:
- Determine your preferences
Home buyers will have preferences that will need to be accommodated during your home search. This can include having a price range, preferred neighbourhood, home type, and home size.
- Search for a home
Your buyer's agent will have access to MLS, which allows them to view listings of homes for sale. For homes not listed for sale on MLS, your agent may also try to find pocket listings or exclusive listings that are privately listed for sale. Your agent will inform you of listings that they think you would be interested in, or they may also send you a list of listings that have been filtered according to your preferences. This might be an automated email, such as one a day or once a week.
- Tell you about the neighbourhood
Your local real estate agent will have experience and knowledge on the local housing market and on the location of the home. Your agent might point out things that might increase the value of your home in the future, such as new developments that will introduce amenities. If you're not familiar with the area, having a buyer's agent can help you be informed about potential issues, such as the local crime rate, commute times, lack of local schools, and the desirability of the neighbourhood.
- Arrange home showings
House showings are different from open houses. With an open house, you’ll be able to view the home freely within certain hours on certain days. With a home showing, you’ll need to schedule one with the seller. Your real estate agent can arrange home showings for you, and they will also accompany you during the showing. The seller's listing agent will also be at the home showing. At a home showing, you'll be walked through the home by your buyer's agent.
- Negotiation
If you have decided that you want to purchase a home, your buyer's agent will negotiate and submit an offer to the seller. This can include contingencies and conditions to the offer.
- Closing details
Your real estate agent can help connect you to other real estate professionals, such as home inspectors and home appraisers. Agents can also help you with securing financing for the purchase of the home, such as by referring you to a mortgage lender or mortgage broker. Once your offer has been accepted, your agent will lead you through the paperwork required for closing, such as agreements and contracts.
Real Estate Agent Reviews
Reviews from previous clients are important when you're trying to find a reliable real estate agent. When looking at reviews to try to judge an agent's quality of service, you should focus less on their numerical ratings and more on their individual client reviews. Some websites that provide customer ratings and allow people to leave reviews include Facebook, Google, and Yelp.
Google Reviews allow anyone searching for the real estate agent to see reviews and leave their own reviews. Customers can also leave Facebook reviews on the real estate agent's business Facebook page. However, agents will often solicit their clients to leave reviews on these platforms, and some platforms allow customers to leave a numerical rating without any written review.
This makes it especially important for you to consider reviews from more than one source. One way to quickly see customer reviews from multiple sources is by using WOWA.ca, which shows real estate agents near you with ratings and reviews from Google and past clients. Having a list of local real estate agents and their customer reviews allow you to easily compare agents and brokers in your local area.
How Do Real Estate Agents Get Paid?
Real estate agents get paid a commission whenever they sell a home or help a buyer purchase a home. In Canada, real estate commissions are usually paid by the seller of the home. When a home is sold, the commission is taken off of the final sale price, which means that the proceeds to the seller from the sale of the home is reduced by the commission amount. For buyers, your buyer’s agent will receive a share of the commissions, which is called a cooperating commission. While buyers won’t have to directly pay their buyer’s agent, they will indirectly be paying for their services through the commission being built into the home price. This also means that if you choose to not purchase a home or sell your home, then your real estate agent will not be paid anything.
For most transactions, the real estate commissions will be a percentage of the selling price of the home, with this being shared between the buyer agent and listing agent at an agreed-upon commission split. Some listing agents may reduce their own share of the commission and give buyer’s agents a higher commission in order to attract them to your listing. Dual agents that represent both the buyer and seller will be able to keep the entire commission for themselves. Real estate agents will also need to split their commission with their broker. Once the buyer has paid for the home on the closing date, the listing brokerage will distribute commissions to the real estate agents that were part of the transaction.
How Much Commission Does a Real Estate Agent Make?
Real estate commissions can be a percentage, a flat fee, or a combination of a percentage and flat fee. Some provinces also have tiered rates based on the price of the home. For example, real estate commissions in Ontario are usually 5% for the entire amount, while British Columbia real estate commissions are usually 7% on the first $100,000 and 2.5% on the remainder. Naturally, housing markets with higher home prices will lead to higher commissions for real estate agents.
The average selling price of a home in Toronto was $1,089,536 in June 2021, while the average price in Ottawa was $659,929. Given a 5% commission rate, the average commission for a home sold in Toronto would be $54,476 and the average commission in Ottawa would be $32,996.
However, larger markets with more lucrative commissions also attract more real estate agents that you will be competing with for clients. The Ottawa Real Estate Board (OREB) has 3,400 real estate agents and brokers in the Ottawa area. In June 2021, there were 2,132 home transactions in Ottawa. This is equivalent to 0.63 transactions per Ottawa real estate agent per month.
In comparison, the Toronto Regional Real Estate Board (TRREB) has 62,000 real estate agents and brokers in the Greater Toronto Area, with 11,106 transactions in the GTA in June 2021. This works out to be 0.18 transactions per Toronto real estate agent per month. Toronto real estate agents are fighting over almost double the average commission compared to Ottawa, but they have to contend with almost triple the competition with fewer transactions per agent when spread out evenly.
Tiered real estate commissions, commonly found in British Columbia, Alberta, and Saskatchewan, will have a higher rate on the first $100,000 and a lower rate on the remaining amount. In British Columbia, it’s usually 7% on the first $100,000 and 2.5% on the remainder. In Alberta and Saskatchewan, it’s usually 7% on the first $100,000 and 3.0% on the remainder. For a home that was sold for $500,000, your BC commission would be $7,000 on the first $100,000 and $10,000 on the remainder, for a total commission paid of $17,000.
Saskatchewan also has another method of calculating commissions, with 6% in the first $100,000, 4% on the next $100,000, and 2% on the remaining amount. For example, if a home is sold for $500,000, you will pay $6,000 for the first tier, $4,000 for the second tier, and $6,000 on the remainder. This gives a total commission of $16,000.
Commission Splits
Real estate agents work for a real estate brokerage, which will collect a portion of the agent’s commission. This split is usually 20% to 30% to the brokerage and 80% to 70% to the agent, but the brokerage’s share can be higher, such as for newer agents with less experience. This split is after the buyer’s agent has received their share as well.
If you’re a listing agent, you will pay both the buyer’s agent and your brokerage. For a $500,000 home with a 5% commission, the total commission would be $25,000. If you share 50% with the buyer’s agent, you will be left with $12,500. 20% of this will go to your brokerage, leaving you with $10,000. For listing agents, the costs of marketing your property will be paid for with part of their commission. This includes home staging, photography, advertising, and cleaning, and may add up to a few thousand dollars, reducing the amount that listing agents will make.
Are Real Estate Commissions Negotiable?
Real estate commissions are negotiable, but it can be difficult to lower them significantly. Real estate agents can be more likely to accept a lower commission if it's easy to sell your property, if the home has high price and will likely result in a large commission, or if they will be less involved in the sale of the home, such as by not marketing or advertising your listing as extensively or by using lower-cost options.
How can I save money on real estate commission?
- Discount Brokers
Discount real estate brokers can offer low commissions or a flat fee for home sellers. For example, One Percent Realty offers commissions as low as 1% plus $950 for homes over $700,000, or a flat fee of $7,950 for homes under $700,000. About half of the flat fee goes to the buyer's agent, which means that the buyer's agent will also be receiving a much lower commission. This can affect how visible your home is to buyers, as agents can be less likely to prioritize your home over other listings.
Some discount brokerages, such as Purplebricks, charge a flat fee and allow you to choose to pay zero commission to buyer agents, or you can set the commission to as much as you'd like. When working with an ordinary real estate agent, you’ll still have a say in how much commission you want to offer to buyer agents.
- Drop some services
If you want to make it more likely for a full-service real estate agent to lower their commission, one way would be to agree to drop some of their services. This can include paying for your own services or dropping open houses. This can backfire as agents want a smooth transaction, and skimping out on some services can potentially affect the marketability or attractiveness of your home listing. That's why even some discount brokerages still recommend that you pay the full cooperating commission to buyer's agents.
- More ways to save on commission
Real estate agents may also be likely to lower their commissions if they are a new agent looking for experience and transactions, if you're looking to both buy and sell your home with the same agent, or by using a dual agent and sharing the same agent as your home buyer.
If you want to skip paying commissions entirely, you can sell your home by yourself. Homes that are for sale by owner (FSBO) will mean that you'll have to handle everything that a listing agent usually does, but you'll save 2.5% of your home's price and significantly lower the cost of selling your house.
Some real estate agent marketplace platforms that allow you to find real estate agents, such as WOWA.ca, have built-in savings with some agents. You can list with low commission agents for as low as a 1% listing fee.
Frequently Asked Questions
Can I message more than one agent?
Yes, you can! With WOWA.ca, you can message as many agents as you need to for a free, no-obligation consultation. We recommend messaging at least three agents to make sure you find one that works best for your unique situation.
Are you showing real estate brokers near me?
Yes, we show the real estate transactions of all licensed WOWA.ca real estate agents including sales representatives, brokers, and brokers of record.
Are the real estate transactions verified?
Yes, WOWA.ca validates the transactions of our licensed real estate agents. We are one of the first platforms in Canada to show the transactions of real estate agents and empower home buyers and sellers with this level of authenticity and transparency.
Are there any differences in the skills of sales representatives and real estate brokers?
Not necessarily. Many experienced real estate agents do not apply to become brokers. While brokers take additional courses and exams to obtain a broker’s license, the broker’s license is only required for those who want to own or manage a real estate brokerage.
What are the largest real estate brokerages in Canada?
The largest real estate brokerages and franchises in Canada are:
- RE/MAX or Real Estate Maximums is an international real estate franchise headquartered in the US. They franchise their brand to over 120,000 agents in more than 100 countries and territories. RE/MAX first arrived in Canada in 1977 and is now the largest real estate franchise in Canada. In Ontario, some of the largest brokerages operating under the RE/MAX brand include RE/MAX Hallmark Realty Ltd., RE/MAX Realtron Realty Inc., RE/MAX Real Estate Centre Inc, RE/MAX West Realty Inc. and RE/MAX Realty Specialists Inc.
- Royal LePage is a Canadian real estate franchise with over 600 locations and almost 18,000 agents. In Ontario, some of the largest brokerages operating under the Royal LePage brand include Royal LePage Signature Realty, Royal LePage Real Estate Services Ltd. and Royal LePage Your Community Realty.
- HomeLife is a trademark of HomeLife Realty Services Limited, a Canadian real estate franchise with brokerages throughout Canada. In Ontario, some of the largest brokerages operating under the HomeLife brand include Homelife/Miracle Realty Ltd, Homelife Landmark Realty Inc. and Homelife New World Realty Inc.
- Century 21 is a global real estate franchise based in the US with over 122,000 real estate agents in 81 countries and territories worldwide. Century 21 opened its first Canadian office in B.C. in 1976 and now has over 400 offices throughout Canada. In Ontario, some of the largest brokerages operating under the Century 21 brand include Century 21 Leading Edge Realty Inc. and Century 21 People's Choice Realty Inc.
- Keller Williams is a global real estate franchise with more than 180,000 agents worldwide. It is considered to be the largest real estate franchise in the world as well as the leader in the US by sales volume. Some of the largest brokerages in Ontario under the Keller Williams brand are Keller Williams Energy Real Estate and Keller Williams Realty Centres.
- Right at Home Realty Inc. is Canada’s largest independent brokerage with 12 offices and over 5,000 members. Based in Toronto, it operates primarily in Ontario and is considered to be the largest brokerage in the province by both the number of agents and sales volume.
- Sutton is a Canadian real estate franchise with over 7,500 real estate agents and 200 offices across Canada. Some of the largest brokerages in Ontario under the Sutton brand are Sutton Group-Admiral Realty Inc and Sutton Group-Heritage Realty Inc.
- Ipro Realty is a Canadian real estate brokerage based in Brampton, Ontario with over 1,000 real estate agents.
- PurpleBricks is a UK-based real estate company with brokerages in the UK, Canada, and Germany. They offer a fixed fee selling commission for their real estate services.
- Coldwell Banker is an American real estate franchise owned by Realogy (NYSE: RLGY) with over 3,000 offices in 49 countries and territories. They were founded in 1906 and came to Canada in 1989.
Are there any differences between real estate agents from famous brokerages like RE/MAX and smaller less-known brokerages?
The brokerage alone will not tell you how much value a particular agent can bring you. Brokerages can provide a brand name, but ultimately it’s your real estate agent that will do the work to help you buy or sell a property. You can find poorly-rated agents in brokerages of some of the largest real estate franchises and you can find highly experienced agents in less well-known brokerages.
How many real estate agents are there in Canada?
In Canada, there are over 130,000 real estate agents represented by the Canadian Real Estate Association (CREA). Ontario has the most real estate agents in Canada with more than 79,000 real estate salespersons and brokers and 38 local real estate boards in Ontario. Of those 79,000 agents, over 56,000 are part of the Toronto Regional Real Estate Board (TREB). B.C. is second with more than 23,000 real estate agents and 11 real estate boards.
How do I check if my real estate agent is licensed?
Real estate agents, brokers, and brokerages are provincially licensed in Canada. To check to see if your real estate agent is registered and licensed, your provincial regulator’s website will have a database that allows you to search by name, brokerage, and city. For example, if you’re looking to buy a house in Ontario, you would check RECO’s database of licensees.
What is a buyer representation agreement?
A Buyer Representation Agreement (BRA) is a contract that can lock you into using your real estate agent for a certain period of time, which is usually three to six months. This can help prevent buyers from using an agent's services and switching to another agent to complete the transaction, which will cause the first agent to not be compensated for their time. Exclusive BRAs mean that you can only have one agent when searching for a home, but you may be able to use another agent if the search criteria is different.
BRAs can protect buyers and sellers by having the terms of your relationship in writing. This can include the commission rate that you have agreed to pay, and any disclosures that your agent might have, such as if they are dual agents. Even though BRAs can force you to work with a specific agent or brokerage, it still doesn't force you to buy or sell a home with them.
What is a real estate purchase and sales agreement?
An agreement of purchase and sale or a contract of purchase and sale is a real estate contract that spells out the terms of sale. The purchase and sale agreement is usually written by the buyer's agent based on a standardized form. Real estate purchase agreements can't usually be cancelled with penalties, unless there was a contingency or condition that was met, such as a financing contingency or appraisal contingency.