The above calculator clears up this confusion!
Realtor Fees or Real Estate Commissions with 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 within 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!
How much are BC Realtor fees or Commissions in Vancouver?
What are the Net Proceeds For Sellers?
The top question on everyone’s mind is: How much does my Realtor receive in real estate commissions or fees when he sells my home? What are the commissions or fees my realtor receives when buying a home?
- I charge a real estate commission of 7% on the 1st $100,000 and 2.5% on 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 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, that 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.
Buyers Looking to Calculate Realtor 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!
Wondering How Much Tax There Might be on The Sale Proceeds of Your Property in Canada?
Taxes on the Sale Proceeds of your Home – Is it a Principal Residence?
Contact us today to answer your questions.