This is a very interesting question. Most sellers believe that 2.5% will definitely go to the seller's pocket; most DIY buyers (un-presented buyers) think they can get 2.5% discount on the home price. However none is correct. The 2.5% commission will go to the seller agent's pocket.
In Toronto, the listing agreements are written as Exclusive Right to Sell which simply means that regardless of where the buyer comes from, the listing agent is due a fee at the closing.
So we believer a buyer should always have professional representation to protect his/her best interests, and it does not cost him/her anything. Further more if you hire a discount agent from Realbate with buyer cashback plan, you will get a portion of buyer agent's commission back, that is the best win-win solution.
Realbate Posts On The Net
The official blog of Realbate