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Map: This Metro Vancouver real estate feature shows agents' commissions

It also provides other transparency features that give you insight into the market.
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HouseSigma has released a new feature that allows locals to find out a listing’s commission percentage in 2022. There is also a home evaluation tool.

A new feature on a real estate platform allows Metro Vancouver residents to see how much commission a buyer's agent will get when a property is sold.

HouseSigma's platform now allows locals to find out a listing’s commission percentage. This percentage is how much a buyer’s agent will get when a property is sold.

"It's a way for consumers to gauge where their real estate dollars are going," explains the company in a news release.

B.C.'s real estate regulator also just released a report recommending transparency among ways to protect buyers and sellers in the market

Take a look at this random sampling of properties priced at $1.5M in Metro Vancouver and the varying agent commissions.

Vancouver Real Estate: Transparency Features 

The platform's "Estimated Sale Price" feature can guide buyers around properties that may attract bidding wars, which it says reduces the chances of "blind bidding."

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Photo via HouseSigma

House-hunters can also compare the price of a listing to neighbouring properties to see its comparative value with the  "Home Valuation Tool." They can simply type in a neighbouring address to find the price. 

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Did a home that you were interested in go off the market?

HouseSigma’s AI shows users de-listed properties and their prices, and consumers can add them to their ‘watch list’ in case they come on the market again.

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Photo via HouseSigma

What was a property listed for before?

Home-hunters can find out how the re-listed price compares to the previous one. Then they can estimate what to offer based on HouseSigma’s estimate, and the previous list price. 

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Photo via HouseSigma

 

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