One Percent Realty Ltd.

One Percent Realty Ltd.

May 25, 2011 09:00 ET

One Percent Realty Expands Into Ontario

Top Discount Brokerage Brings Ontario Sellers a Break from High Real Estate Commissions

TORONTO, ONTARIO--(Marketwire - May 25, 2011) - The real estate market in Toronto is hot and homes are selling fast. With rising prices come higher commissions. One Percent Realty expands into Ontario responding to consumer demand for full REALTOR® MLS® service with low commissions.

"Having just launched Newfoundland, we are excited to announce our Toronto & Ottawa One Percent Realty Ltd. Brokerage" says Ian Bailey, Founder of One Percent Realty, "at a typical Ontario real estate commission rate of 5%, the amount of savings we are bringing to Ontario consumers for full MLS® service is truly outstanding. Ontario sellers will save even more than 1000's of our BC & Alberta clients have. Our company has really shaken up commission rates in Western Canada and we look forward to doing the same in Ontario."

Unlike many other discount MLS® offerings in Ontario which require an additional 2-3% to be offered to a Buyer agent, One Percent Realty's commission structure includes compensation to a Buyer's agent. For full MLS® service One Percent charges only 1% plus $900 (with a $6,900 minimum). One Percent then shares this commission with the Buyer's agent.

One Percent Realty is a full service MLS® discount commission real estate company. Founded in Vancouver in 1999, One Percent Realty is the brainchild of Ian Bailey. After years in a traditional agency setting, Mr. Bailey determined a discount business model was better positioned for the technological changes that were inevitable in the real estate business and as a result One Percent Realty Ltd. was incorporated.

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