rhinorealty

About

Selling? Choose from our Owner Participation Packages or our Flat Fee Full Service Program. Buying? Take advantage of our CashBack Reward Program.

Story

The real estate industry has changed a lot over the past few years. More and more homeowners are asking themselves this question, “do we really have to pay that much money just to sell our home?” The answer is no, you don’t.

At rhinorealty we get the fact that you would like to see a sensible correlation between the work involved in selling your home, and the amount of money charged to provide that service. We also get the fact that you would like to achieve the highest possible sale price. Working towards achieving the maximum net proceeds from your sale is a common goal we share with you, and this is how we do it:

OUR LISTING AGENT COMMISSION
As a home seller in Alberta, you will be responsible for paying your listing brokerage a ‘total fee’ and then your listing agent will ‘offer’ a portion of that fee to all cooperating buyer’s agents. A common practice for traditional brokerages is to charge you 7% of the first $100,000 plus 3% of the balance of sale price (7/3) plus GST, as the total fee and then keep half of that for themselves and offer the other half to all cooperating buyer’s agents. So in this case, your listing agent keeps 3.5% of the first $100,000 plus 1.5% of the balance of sale price (3.5/1.5) plus GST, and offers that same amount to all cooperating buyer’s agents. Wow, that’s a lot of numbers and percentages, does it really need to be that complex? No, it doesn’t.

Here at rhinorealty, we’ve sold thousands of homes over the past 15 years and we know that charging you 3.5/1.5 for our listing fee is excessive and unnecessary, so we don’t do it. We also know that selling a $600,000 home is the same amount of work as selling a $400,000 home, so we just charge you a flat fee regardless of your sale price.

Here’s what we charge for the listing side: $3499 when you pay half on listing and half on closing, or $4499 when you pay only on closing. Isn’t that a lot less complicated? We think so.

Or, if you want to be involved in the sale of your home and save even more, choose one of our Owner Participation Packages. Also, as an Owner Participation customer you can choose to involve buyer’s agent or not, it’s your choice.

THE BUYER’S AGENT COMMISSION
Yes, as a Flat Fee Full Service client, you do need to offer a cooperating buyer’s agent commission. Why, because that’s how the MLS® System works. But is it necessary to pay that cooperating buyer’s agent 3.5/1.5? In most cases, the answer is no. Our agent will confer with you on this topic and recommend an amount that you should offer as a cooperating buyer’s agent commission. A high majority of our listings are sold with a cooperating buyer’s agent commission that is less than the commonly offered 3.5/1.5.

Saving money on the buyer’s agent side of the commission is definitely possible but very few real estate brokerages will allow you to even try. Why do we do this? Well, the short answer is we believe that’s why you hired us. Looking after your best interests is in our best interest. Besides, we love increasing your savings, it makes our business model look great!

As an Owner Participation customer you can choose to offer a cooperating buyer’s agent commission or not. We strongly recommend doing so as it will expose your property to a much larger pool of qualified buyers.

OUR HOME BUYER’S CASHBACK REWARD PROGRAM
For those of you that are relocating within any one of our service areas, Calgary, Edmonton or Red Deer (including surrounding communities) your savings can keep on growing! Just use one of our qualified buyer’s agents to represent you in that purchase, and then, on the possession day of your new place, we’ll reward you with a very sizable CashBack cheque! Visit our Buyers section for complete details of this program.

Mission

To help educate Canadian homeowners that the MLS® System has significantly changed over the past 10 years and that an increasing number of homeowners are realizing that there is no logical reason to pay the commonly quoted traditional real estate fees.

To prove to Canadian homeowners that the real estate industry is finding it more and more difficult to conceal the working of the MLS® System and get away with charging nonsensical commission rates.

To show Canadian homeowners that rhinorealty REALTORS® will provide better service than traditional real estate agents and save them a significant amount of money when it comes time to sell their home.

Impressum

Licenses:
rhinorealty is licensed in and for the province of Alberta by the Real Estate Council of Alberta (RECA) and the broker on record is Allan Logue.
Memberships:
rhinorealty is currently a member in good standing with;
• The Calgary Real Estate Board (CREB)
• The REALTORS® Association of Edmonton (RAE)
• The Alberta Real Estate Association (AREA)
• The Canadian Real Estate Association (CREA)
The Calgary and Edmonton Real Estate Boards encompass many smaller towns and cities north, south, east and west of their respective city limits as well as properties located in rural Municipal Districts. Inquires to list, sell or purchase properties outside of either the Calgary or Edmonton Real Estate Board's boundaries, but within the province of Alberta, should be directed to the Broker.

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service®, and the associated logos are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.

Savings calculated as compared to paying a commission of 7% of the first $100,000 plus 3% on balance of sale price plus GST

Products

- Home Seller Owner Participation Packages
- Home Seller Flat Fee Full Service Program
- Home Buyer CashBack Reward Program