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Finder's Fees

Fees paid to licensed associates/brokers for property sales are calculated in steps, with a maximum fee within specific sale price ranges.  The Finder’s Fee steps reflect findings of a comprehensive review of standard practices and fee structures currently being used by other municipalities and developer/owners. The fee structure ensures consistency, transparency and our duty to represent the best interests of the citizens. 
 
When the associate/broker is a fully active participant in the negotiations and acts as the point of contact for the transaction, Finder’s Fees will follow calculations on the chart below. 
 
As always, associates/brokers who are also directors or shareholders of the company purchasing the property will not be eligible for any type of fee from The City. As well, the fee may or may not be payable on specific transactions.​

Industrial / Commercial Finder's Fee Structure

  Transactional point of contact / Negotiates on clients behalf
​Sale price levels Finders Fee % rate Maximum
Sale price levels: $0 - $1,000,000 Finders Fee % rate: 2.5% Maximum: None
Sale price levels: $1,000,001 - $5,000,000 Finders Fee % rate: 2% Maximum: None
Sale price levels: $5,000,001 - $10,000,000 Finders Fee % rate: 1.5% Maximum: None
Sale price levels: $10,000,001 + Finders Fee % rate: 1% Maximum: $250,000

 

Residential Finder’s Fee Structure:

​Sale price levels Finders Fee % rate Maximum
Sale price levels: $0 - $100,000 Finders Fee % rate: 3.5% Maximum: $3,500
Sale price levels: $100,001 + Finders Fee % rate: 1.5% Maximum: Remainder of price

 

 

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