Commission Calculator for Realtor Fees in Vancouver with Net Proceeds for Sellers!

Vancouver Real Estate Commission Calculator

Thinking of Selling a Property in Vancouver? Get Advice for Proven Results Here!

How much are real estate fees in Vancouver, BC?

I charge a real estate commission of 7% on the 1st $100,000 and 2.5% on the the balance of the sale price for properties in Vancouver.

Around half (50%) of the 7% on the 1st $100,000 and 2.5% on the the balance  is payable to a buyers 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 (Check out my great video on what I charge for Real Estate Commissions) 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!

Thinking of Selling?

Use this form to find out how to sell your home sooner and for more money.

Are you a realtor? Click here

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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? Check out this great video on Comparative Market Analysis or call me at 604-763-3136!) 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. To learn more check out this informative video on how Buyers Agents get paid in Vancouver!

Looking for advice on selling a home in Vancouver? Check out these great videos on How to Sell a Home in Vancouver!

Wondering How Much Tax There Might be on The Sale Proceeds of Your Property in Canada?

Check out this great video on the definition of a Primary Residence in Canada!

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  Comments: 41


  1. A Realtor showed my wife a house, and my wife asked her to ask the sellers if they would except a lower price, the seller said no. Nothing was in writing and my Wife did not sign an agreement to use the Realtor who showed her the house. Are we legally free to find another Realtor to help us buy that house or will the Realtor that originally showed us the house entitled to commission? Because if so we will find another house, I am so sick of dealing with Housewives who are part time Realtors that I just want to scream. Please do not get me wrong I am not Sexist my wife is an Executive with great career and I have ton of respect for professional women in the workforce. That said, I have had it with incompetent, uneducated and stupid Housewife Realtors getting paid commissions they don’t have the skill and ability to earn.


    • Hi Martin,

      Good to hear from you.

      Give me a call at 604-763-3136 and we can can help you out.

      Thanks!


      • What nonsense. The answer is that your wife, with an executive position,should have a clue that there is a connection between the Realtor showing her houses and a commission. If she has half the wit of the housewife realtors that you maligned she would get that. However, she can contact another realtor to act as a ‘Buyers Agent’ and view the property again without an obligation to the initial realtor,

        Actually this looks like a shallow ruse to set up Mike for grabbing the ‘Housewives Cient’

        Pathetic!


    • What makes this realtor imcompetent? The fact that she wasnt able to get the sellers to accept a lower offer? Or is there more to this story?

      She may or may not be a good realtor but its pretty hard to get anyone to accept a lower offer in the vancouver area these days. As for your commitment to said realtor, if you didnt sign an exclusive buyers contract you are fine to jump ship any time.


    • The simple answer is yes.


  2. I HAVE SOLD SOME PROPERTIES THROUGH AGENTS IN THE PAST AND ALSO HANDLED PERSONAL SALES OF MY ASSETS. WHAT PUZZLES ME IS EVEN THOUGH APPRAISED VALUES HAVE DOUBLED AND TRIPLED GENERALLY THE COMMISSION RATES REMAIN THE SAME. IT WOULD SEEM TO BE LOGICAL THAT WHEN VALUES DOUBLE OR TRIPLE, REALTOR RATES WOULD BE REDUCED. IN THE CASE WHERE VALUES HAVE TRIPLED THE RATES SHOULD HAVE BEEN REDUCED BY 60% ON AVERAGE. WHY HASN’T THIS HAPPENED?


    • Hi Ray,

      Good to hear from you.

      Do you think it would be logical for your pay to go down over time?

      Why hasn’t that happened?

      Thanks!


      • Hello Mike,

        Here is your response to the person talking about house appraisals double/triple: “Do you think it would be logical for your pay to go down over time? Why hasn’t that happened?”

        I think you are comparing apples to oranges. If my company’s revenue triples they do not triple my salary let alone they may not give me a raise. My salary is dependent on the agreement between me and my company on the value I think I provide and they perceive. So, essentially in your situation, the ‘revenue’ (appraisal) let’s say triples and as a result your compensation is significantly increases but the actual ;value; that you are bringing to the table is exactly the same. So, does your question really mean a fair comparison?

        Thanks for listening.


        • Hello Mike,

          i have to clarify something regarding my earlier post. Ray Fortier DID NOT talk about decreasing the income, he talked about decreasing the RATE calculating the income. It is totally in line with my previous post, which is IMPLYING rate change when appraisals (house prices) are significantly increased.

          Thank you and sorry about not 100% clear the first time.


      • Do you still stand by this?


  3. Hey Mike, so I recently purchased a property using an agent, this agent automatically assumes she will be also selling my home ( not yet on the market, I bought before selling) I understand she split the sellers commission with the agent handling the property I bought and I am being told the rate I will be paying her when I sell my home is 7% on the first 200k and 2.5% on the balance…I understand there is no ” fixed ” amount however with all the reading I am doing this seems high as most agents are charging 7% on the first 100K..am I obligated to use the same agent that I used for purchasing my new home? Closing is not until August this year . Is it “kosher” to ask her to adjust her rate or would this be something set by her company? Thanks


    • Good morning Caro.

      I dont know if any one answered your questions. Evry thing in life is negotiable at any time in till you sing. What im saying is this is your deal and if you feel that 7% on the first 200k is to hight than your probably right. There is nothing wrong with asking to negotiate. Win win is the best way of business so when you negotiate to acheav the grates success it is best to be fare. If 7% on the first 100k is the standerd than asking for a change is responsible. As for your question you are not obligated to use any agent in till you sing an exclusive listing agrement, or service contract. But if she was a good agent to you it would be understandable that you would want to use that agents servace agen and continue working with them. I hope this helps. Congratulations on your new home and best of fortune in the market selling you property.


  4. Mike, thanks for posting the commission calculator – it’s very useful!


  5. Can you recommend an agent to sell Port Coquitlam retail space?
    Thanks,
    Ken


    • Hi Ken,

      Good to hear from you.

      We can definitely help you with this.

      Give me a call at 604-763-3136 and we can help you with this.

      Thanks

  6. Benjamin Roeshot


    Hello,

    What is the average estate agent fee in Vancouver as well as Canada as a whole?

    Thank you


    • Hi Benjamin,

      Good to hear from you.

      We can definitely help you with this.

      Give me a call at 604-763-3136 and we can help you with this.

      Thanks


  7. What is the going rate for an exclusive listing in BC?


    • Hi Ron,

      Good to hear from you.

      We can definitely help you with this.

      Is there a number I can reach you on to discuss further?

      We can call you anywhere in the world.

      Thanks!

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