The Smarter Wallet presents Online Stock Brokers With Cheap
Brokerage Fees posted at The Smarter Wallet.
Not exact matches
This
post covers the main types of
fees contributing to the cost to trade stocks through online
brokerages.
Find out the experience of one investor who was interested in bargaining down an online
brokerage on commission
fees in this reddit
post here.
Also there is solution for me to go with CIBC Investors Discount
Brokerage but regarding to the
post above they have higher
fees and I am not sure should I even open account with them.
Although not
posted on their website, we have confirmed with client reps that the there is a transfer
fee coverage of $ 135 + tax for deposits of at least $ 25,000 from another
brokerage / institution.
That viewpoint.ca has already increased their
fees as have most if not all flat
fee services; that Realtysellers is no longer offering a 0 % list on the MLS Systems; that out of town
brokerages are apt to pay by - law violation
fees in excess of those collected for mere
postings and that reduced
fee brokerages along with fsbo's have a client base of those who do not want to use you.
CREA gave the MLS system away by introducing MERE listings to
posting brokerages while we the Realtors who supported the system for many many years with our
fees are told we need to become more professional with courses that we are obligated to pay to maintain our licence.
Brokerages that charge a small flat
fee to merely
post a listing can not opt out of their responsibiltes to the public to be honest, diligent etc..
Steve writes (in part): «
Brokerages that charge a small flat
fee to merely
post a listing can not opt out of their responsibiltes to the public to be honest, diligent etc..»
For example, had the Listing REALTOR /
Brokerage maintained the «mere
posting» Seller as but a Customer, the REALTOR would still have the option of asking such a Seller to sign a
Fee - Agreement, in relation to a Buyer Prospect that the Listing REALTOR /
Brokerage may want to bring to the property.
We know that commission percentages are
posting in the MLS but this
brokerage is suggesting fixed rate or flat -
fee commissions.
Based on what little we know about this ratification, what is a flat -
fee brokerage going to do for the FSBO that doesn't want any other services than the
posting (or advertising) of their home on CREA's REALTOR.ca (the old MLS.ca)?
I happen to know for a fact that one particular discount
brokerage which offered mere
postings, charged their
fee up front before even one piece of information was forwarded and thereafter, an amount for every time the listing had to be edited.
These new
brokerages were charging sellers a flat
fee to upload their property listing to the MLS, but were doing very little outside of simply
posting the listing.
The two companies decided to merge after the Competition Bureau and Canadian Real Estate Association changed the rules to allow flat -
fee listings to appear on the Multiple Listing Service, if they are
posted by a licensed
brokerage.