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Buyers: It is incumbent upon the seller, not the
buyer, to pay the
broker's fees.

Sellers: A commission is negociable.





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Debt-Service Ratio
The measurement of debt payments to gross household income which may include, in addition to the main wage earner's salary, salaries of other wage earners, commissions, bonuses, overtime, etc.

Dual Agent
A real estate broker or salesperson who acts as agent for both the seller and the buyer in the same transaction. Both buyer and seller are the agent's clients.



Source: The Canadian Real Estate Association (http://www.crea.ca)











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