Hi, I am selling my house, this is the first time I am doing this. I met with a real estate agent and she said I have to pay commission to the buyers agent as well as my real estate agent who will be selling the house for me.. is this correct ? I don’t understand why I would need to pay the buyers agent a commission. I live in the Toronto Area.
My agent is charging me 2.5 percent commission and she said I have to pay another 2.5 percent to the buyers agent.