Summary: not every seller wants to use a real estate agent to sell their property, for many reasons as we all know. Auction companies utilize real estate agencies across Ontario. The auction company retains a real estate brokerage and the seller is the client of the auctioneer and a limited extent the brokerage as well.
Commissions are almost always fair market, where the Buyer’s agent can expect 2 to 2.5% on most auctions (this is part of the Auction Company’s total charge to the Buyer on top of the winning bid).
What is the Listing Agency For?
What is the Auction House Responsible For?