To help owners and REALTORS® quickly figure out the cost of selling a property in BC, I have prepared a BC real estate commission calculator. If you want to figure out the BC realtor commissions when selling a home, just put in the estimated selling price of your property in the “Offer Price” box, and it will automatically calculate the REALTORS® Commissions you need to pay when selling a home. (You can also override the pre-set amounts if commission amounts differ.)
To calculate the commission amount, let’s assume the sale price of a house is $1,000,000. Thus, 7% on first $100,000 is equal to $7,000. Then we take the balance
of the sale price, which is $900,000, and multiply it by 2.5%, we get $22,500. We then add the two amounts together, $7,000 + $22,500 we get a total of $29,500.
If you have any questions about the calculator, call or contact me and Ill be happy to help!
OWNERSHIP RIGHTS: No part of this calculator may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. The accuracy and completeness of the information or results is not guaranteed. Donna Fuller will not be held responsible for any loss of any sort - whether consequential, incidental, special or otherwise.
The recipient this information should take steps as they may deem necessary to verify the information prior to placing any reliance on the information.
NOTE: Sellers, Buyers and REALTORS® feel free to bookmark this page or save it to your mobile device by
CLICKING HERE.
Zolo is a real estate brokerage located in various cities throughout Canada. Each realty brokerage in Canada has its own commission rate.
When helping a seller, my commission model is that of 7% on the first $100,000 and 2.5% on the balance of the sale price, plus GST.
To help attract more Buyer’s Agents to show the Seller’s property, I typically offer 3.255% on the first $100,000 and 1.1625% on the balance of the sale price to the
Buyer’s Agent.
Often times Sellers are mistaken and thought that they pay the Buyer’s Agents commission on top of the commission I charge. But it’s not the case. The Buyer’s commission is deducted from the total Commission I charge the seller and is included in the 7% on the first $100,000 and 2.5% of the balance.
NOTE:
Buyers usually don"t pay a fee or commission when buying real estate in BC. Not all REALTORS® charge the same.
