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Class action lawsuit targets realtor commissions in British Columbia's recovering real estate market.
British Columbia's rebounding real estate market is prompting scrutiny of realtor commissions, with a class action lawsuit against real estate entities seeking to clarify practices.
Despite lower commission rates in Western Canada, the commission structure is often misunderstood, leading to less transparent transactions.
Some realtors are responding by offering discounts or cash-back incentives.
A flat-fee service model is also being introduced, with rates ranging from $6,000 to $10,000, potentially saving sellers significant amounts compared to traditional commissions.
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