647-914-7337
Contact

Frequently Asked Questions - Toronto Cash Back Realtor

1. Is a commission rebate legal in Ontario?

Yes, commission rebates are fully legal under REBBA 2002. Since 2020, I've provided over $450,000 in commission rebates to Toronto buyers. All agreements are properly documented and RECO compliant. Contact 647-914-7337 to verify legality for your situation.

2. How much will I actually save?

On a typical 1,0000,000 Toronto property, you save approximately $19,000-22,000 based on 2.5% commission. You pay service fees (~$3,000-6,000) and receive back most of the buyer agent commission (~$20,000).

3. What exactly do you do vs. what do I do?

You: Property searches, decision-making, and financing pre-approval. Me: Market analysis, negotiations, contracts, booking a viewing, closing coordination. This efficiency model works perfectly for engineers, doctors, and business owners who prefer control over their buying process.

4. Will other agents take my offers seriously?

Absolutely. Listing agents care about your offer terms and ability to close, not your agent's fee structure. I've never had offers treated differently due to our rebate model in Toronto's market.

5. What's your experience with complex deals?

Licensed since 2022, I've helped the first time home buyer, investor, corporate purchases properties across the Great Toronto Area. I specialize in working with analytical professionals on sophisticated transactions.

6. When do I receive my commission rebate?

Rebates are processed 2-4 weeks after closing, once commissions are received from the listing brokerage. Payment by cheque or wire transfer as documented in our rebate agreement.

7. Can you move fast enough for Toronto's competitive market?

Yes, often faster than traditional agents. Since you're pre-qualified and decisive, we can prepare and submit offers quickly without lengthy consultation processes. Professional availability for urgent opportunities.

8. What are ALL the fees involved?

Complete transparency: showing fees (variable by time), offer fees (fixed), success fee ($2,500 deductible from rebate). No hidden costs. Total fees typically $3,000-6,000 with $20,000-30,000 rebate on Toronto properties.

9. How is this different from discount brokerages?

I maintain the professional standards on technical aspects (negotiations, contracts, market analysis) while eliminating services you don't need. I focus on efficiency on high-value professional work.

10. What if I want to switch realtors?

You can terminate anytime with no penalties. Pay only for services already provided. Success fee only paid at closing, so no loss if you switch before purchase completion.

Contact Wei Wang at 647-914-7337 or wei.wang@realsav.com for a detailed consultation on your specific Toronto area property purchase.

Is the cashback guaranteed?

Yes. There will be a written contract to document this commission rebate. You can rest assured that RECO (Real Estate Council of Ontario) has protocols and rules to regulate the real estate salesperson’s behavior and conduct, as a licensed sales representative, it is a must to comply with those rules.

All the salesperson and the brokerage are insured per regulation, which could be a source to protect the buyer’s interest.

As for any reward commitment to the buyer, it is also required to have a written document to avoid any confusion and misunderstanding.

Is your service discounted?

No, all the service complies with the industry standard, codes, and rules. Depending on the home buyer’s experience and knowledge of real estate, different packages are designed for the appropriate buyer. For example, you have a clear target, you are experienced in realty transactions, your home purchase is very productive and efficient, you are a contributor to this efficiency, and thus you are entitled to take the share of this enlarged profit pie. 

It is the belief that transparency and efficiency are vital. The website platform provides in-depth information on home buying, there are also a lot of other sources available for you to gain your knowledge. The more you are engaged, the more effective our communication, the more productive the process, the more saving you could achieve.

When can you get the commission rebate?

The cashback is applicable within 20 business days after the successful closing of the transaction and all funds have been distributed and commissions are received from the listing brokerage and/or closing lawyer.

How can you offer such a high commission rebate?

The way realsav runs is more efficient and effective, i.e, prequalifying before showing, free consultation, and education, and timely heads up to avoid the unexpected surprise.

Nowadays, the profit pie is significantly enlarged because of the cost-saving from technology advancement and productivity increase.

In addition, the windfall from the skyrocketing house price contributes substantially since the commission base has doubled over years.

It is a belief based on transparency and sharing. It is believed to be a win-win to share this windfall and to reward each individual’s contribution to this efficiency increase. 

Therefore, 3 cashback packages are designed to cater to different buyers’ demands. As a rule of thumb, the more knowledge you have on the home buying transaction, the more effective our communications, the more productive the process, the more saving you could achieve.

Does cash back affect the land transfer tax?

No, The land transfer tax is based on the home purchase price. Any cashback related tax issues should be consulted with accredited professionals such as accountants.

Powered by myRealPage.com
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.