Yes. British Columbia allows a licensed brokerage to share part of its commission with its own client. The rebate is written into your service agreement, and your agent should disclose it in the contract of purchase and sale so the seller and their brokerage are aware of it.
50% of the commission the partner agent's brokerage receives on your purchase. In BC most listings pay the buyer's brokerage 3.22% on the first $100,000 and 1.15% on the balance, so the rebate grows with the price.
25% of the commission the partner agent actually receives on your purchase. Since the 2024 NAR settlement, buyer agent pay is agreed in writing up front, so the dollar amount is known before you make an offer.
If you pay cash for the home, yes, usually at closing. With a mortgage, most lenders require the rebate as a credit toward closing costs, and loan programs cap how large that credit can be.
Then there is no commission to share unless you pay your agent yourself. Your partner agent will tell you before each offer whether the listing offers buyer agent compensation and how much your rebate would be.
Because getting a ready client through us costs them less than finding one through advertising. They agree to the rebate in exchange for the introduction.
No. Partner agents pay to be listed. The service is free for buyers and sellers.
No. The rebate comes from the partner agent's commission, so it only applies when you buy or sell with them.
No. Partner agents are full-service licensed agents. The only difference is that part of the fee comes back to you.
Free, no obligation. One licensed partner agent in your area contacts you within one business day, with the rebate written into their agreement.