Realtor® Commission Calculator
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How much do REALTORS® earn on commission?
I charge a real estate commission of 7.5% on the 1st $100,000 and 3.5% on the the balance of the sale price for properties in Vancouver.
Around half (50%) of the 7.5% on the 1st $100,000 and 3.5% on the balance is payable to a buyer's agent who brings the seller an offer that completes at the Land Titles Office.
According to Canada’s Competition Act, there we REALTORS® are not supposed to say there is a standard real estate commission.
Real Estate commissions and the net proceeds (ie the amount a Seller receives from a real estate sale after costs) are often confusing for prospective property Sellers in Vancouver.
Most Sellers aren’t sure about how much commission they will have to pay and how much tax (GST/HST) will be payable on the real estate commission fee once the property sells.
<= This calculator clears up this confusion!
Realtor Commissions with HST/GST Calculated!
All you need to do is input the potential sale price of the property in question (Not sure how much the sale price is? Call me at 604-307-8183 and I'd be more than happy to help you out!) in the form above.
Then click “Calculate” and you will get the sale proceeds from the property after all the real estate commissions and HST/GST on the commission are deducted. Basically, this commission calculator lets you know how much you will end up with in your pocket when you sell your property in Vancouver after all is said and done.
Remember Folks! There is no standard or average real estate commission fee in Vancouver and across Canada and your Realtor fees are negotiable always!
Remember! Around 50% of the Commission calculated above goes to the Buyers Agent who brings an offer that gets accepted and Completes at the Land Titles Office!
Buyers Looking to Calculate Commissions on a Purchase?
The good news is that in 99% of the time Buyers of Property in Vancouver DO NOT directly pay commission to their Buyers Agent.
Looking for advice on selling a home in Vancouver? Don't hesitate to contact me for more information!