RSS

Land Assembly & Real Estate Commission

Land Assembly & Commission by Geraldine Santiago


Your Land Assembly Listing


There are two ways to sell your land assembly project.  The Multiple Listing Service (MLS) can be used to list your property for sale, which will be available to Realtors ® on-line through their search database. For individual listings, this is a great way to sell and market your home as it will be made available to thousands of local and national and international Realtors® . You should also be familiar with an exclusive listing. This listing is a listing that is exclusive to the Realtor® only and will be seen by a fewer parties, though more selective parties and more importantly, commercial Realtors®.


In a land assembly project, your Realtor® may suggest and choose to do this as he or she may already have parties he is targeting or with whom he or she has done business with in the past, who is actively looking for such a project or a combination of both. The exclusive listing and the MLS listing both go through the managing broker to sign, and will have similar clauses such a start and end date, and terms for the seller.  


Your exclusive listing contract in a land assembly is a contract for each property owner.  As you can see from the photo above, not all properties assembled in a project has the same lot size. The land and its future benefits are what will form the land assembly price.


Keep in mind that not all land assemblies have to be large. The larger the site, the larger the developer you may attract. Therefore, it goes without saying that the longer it may take to sell to a developer. Land assemblies can be as small as two or three side-by-side properties, attracting a smaller developer.


The photo below shows a sample of homes and their different lot sizes. The developer will price your property based on your lot size only but may give just slightly higher consideration to a corner lot, a newly built home or a different zoning designation.



In an exclusive listing, our Realtors® commission is a straight 3% plus GST across the board on all properties in the land assembly. MLS listing is 7% on the first 100,000 and 2.5% on the balance.  On a $2,000,000 property, the commission for the Realtor® would be approximately $55,000 plus GST and the 3% commission would be approximately $60,000 plus GST. Remember, there are many Realtors® who work for a land assembly to work, and the commission is based on services that the Realtor® has already provided. In many cases, this could take years!


Even if one home owner has a bigger property, or owns two properties on the same block, or has an interest on another property on the same block, the same commission for services rendered for all home owners. Though sometimes in an MLS listing, you can negotiate with your listing agent the commission, in a land assembly, this will only create discord between neighbours if the commission is even slightly less and an unhealthy environment ensues. Remember, despite having a separate contract for each home owner, all home owners are working hand in hand so to speak with each other in a land assembly. Neighbours need to be assured that their Realtor® has provided each and every home owner in the land assembly the same service and professionallism afforded to them.


To read more about land assemblies, get a copy of my ebook today!







Read
Categories:   10 mistakes home buyers make | 13th annual vancouver first time home buyer seminar | 2014 new trends real estate | 3 top mistakes home buyers make | 5 mistakes home buyers make | 5 steps to buying a home | affordability | altus group opinion article on covid-19 and cost for developing and challenges | archaeological site and land assembly | buy first home metro vancouver | buy home vancouver real estate expert | buying in burnaby home buying seminar | buying in east vancouver home buying seminar | buying in new westminster home buying seminar | buying in port coquitlam home buying seminar | buying in richmond seminar | buying your first home | coquitlam land assembly | Densification and Land Assembly | developing on archaeological land in bc | don't panic attend our free home buying seminar october 2013 | emerging and new real estate trends in vancouver | first home buy metro vancouver | first time home buyer | first time home buyer n a multiple offer or competing bid situation | first time home buyer specialist, home buyer seminar, realtor geraldine santiago, home buyer geraldine santiago agent | first time home buyer vancouver in a competing offer | first time home buyer zoning advice | first time home buyers and foreclosures | first time home buyers buying a unit in an older building | first time home buyers pick | first time home buyers: open house etiquette | first time home buyers: where have they all gone? | forecasts, seminars and information on real estate | free home buying seminar | Free monthly stats- attend our free home buying seminar | geraldine santiago | geraldine santiago realtor and land assembly specialist | geraldine santiago, first time home buyer agent, buyer agent, geraldine santiago published author | geraldine santiago, land assembly | geraldine santiago, realtor remax crest realty, home buyer agent remax crest realty | home buy first metro vancouver | home buyer agent geraldine santiago seminar,home buyer agent geraldine santiago, home buyer seminar | home buyer agent, first time home buyer agent geraldine santiago | home buyer agent, first time home buyer specialist, first time home buyer realtor | home buyer seminar, tips resources geraldine santiago agent | home buyer seminar, vancouver homes info, buy and sell real estate, buyer agent geraldine santiago | home buyer, first home, first time home buyer | home buyer, geraldine santiago agent, buyer agent, buying first home agent | home buyer, home buyer seminar, first home tips, geraldine santiago, realtor vancouver, home buyer specialist | home buying 101, real estate seminars and books, geraldine santiago realtor | home buying first metro vancouver | home buying guide | home buying property | home buying seminar | Home Buying Seminar, Free Home buying Seminar | home buying seminar, geraldine santiago | home buying seminar, geraldine santiago buying seminar, first time home buyer seminar | home buying seminar, geraldine santiago realtor, home buyer seminar vancouver, geraldine santiago tips and resources | home buying seminar, home buying prices, home agent geraldine santiago on buying in vancouver | home buying seminar, new and improved | home buying seminar, reference letter from librarian, real estate home buying, real estate experts | home buying vancouver, home buying agent geraldine santiago, geraldine santiago home buyer specialist, home buy seminar, | home selling seminar vancouver | home vancouver buying, geraldine santiago author, real estate expert, geraldine santiago specialist in home buyers, buyers agent | how to buy your first home | l | la | land | land assembly | Land Assembly Block for Sale Vancouver | land assembly bolivar heights | land assembly ebook | land assembly ebook and seminar | land assembly ebook, land assembly Realtor, land assembly how to, land assembly explained | land assembly geraldine santiago | land assembly geraldine santiago Realtor | land assembly guide metro vancouver | Land assembly Hillside Quadra | land assembly hillside quadra realtor | Land Assembly How to | land assembly in BC | land assembly in pandemic | land assembly in surrey bc | Land Assembly in your neighbourhood | land assembly listing | Land assembly Metro Vancouver and Realtor Commission | land assembly no big deal | land assembly north surrey | land assembly on Vancouver Island | land assembly our answer to densification | Land Assembly Pitfalls | land assembly potential | Land Assembly Pricing | land assembly process | land assembly process and how to | land assembly Q and A by Geraldine Santiago Realtor® | land assembly realtor | Land Assembly Realtor Geraldine Santiago | land assembly realtor vancouver | land assembly realtor, land assembly expert geraldine santiago | land assembly Realtor® | land assembly seminar | Land Assembly Seminar Vancouver | land assembly seminar vancouver september 8, 2018, geraldine santiago author and realtor | land assembly seminar, land assembly agent, land assembly info | land assembly surrey | land assembly vancouver | land assembly vancouver bc | land assembly vancouver during covid-19 | land assembly victoria bc | land vancouver assembly | latest info on selling your home | like going through a maze | lot information to builders | metro vancouver home buying seminar | NANOOSE BAY Real Estate | new and emerging real estate trends 2014 | new home selling trends | new trends in real estate 2014 | new trends in selling | OCP and Land Assembly | oil tanks, first time home buyers | panel of real estate experts empower you | RE/MAX home buying seminar 2013 | real estate 2006 | real estate emerging trends 2014 | real estate home buying seminar | real estate selling vancouver | real estate vancouver | real estate vancouver new trends | realtor help? first time home buyer | remax crest realty, geraldine santiago buyer agent, buyer agent homes vancouver, re/max crest realty westside | RRSP down payments, density, | savvy realtor | sell your own back yard | selling your home | selling your home to builders | the sellers told me their house was near the water. It was in the basement. | underground oil tanks first time home buyers | Vancouver | Vancouver First Time Home Buyer Seminar 2013 | vancouver land assembly | vancouver real estate | zoning, lot, location, land for first time home buyers
Categories
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.