Updated by Mike Stewart Realtor on October 25, 2024

How Much are Real Estate Fees in BC for Sellers?

My name is Mike Stewart and I am an award-winning residential Real Estate Agent in Vancouver, British Columbia, Canada and here is an explanation and breakdown of the Real Estate Commissions I charge Sellers to assist them in the sale of their properties.

When I am hired (by way of a Listing Contract which specifies the Commission) to sell a property I am referred to as the Listing Agent.

In Vancouver, Buyers generally DO NOT pay commissions to their real estate agents!

Commissions I Charge Real Estate Sellers in Vancouver:

I charge a Seller a real estate commission in the amount of 7% of the 1st $100,000 and 2.5% of the balance.

Want to Calculate my Real Estate Commission Fees plus taxes as well as net proceeds of the sale of Your Property?

Check out this great Vancouver Real Estate Commission Calculator

When I get Paid

This real estate commission is ONLY payable upon of the Completion of the Sale of the Sellers property at the BC Land Titles Office.

What it Covers

This amount covers all the costs associated with listing and marketing the property, full offer negotiation support and guidance for the Sellers, as well as full support through to the Completion of the Sale and beyond.

I Cooperate with Buyers Agents and Offer HALF of the Total Real Estate Commission to Buyers Agents!

I offer around half of the above real estate commission (about 48%) to a Buyers Agent who’s Buyers bring my Seller an accepted offer that Completes at the Land Titles Office here in BC. The Buyers Agent must disclose in writing to their Buyer any and all commissions they earn in the transaction.

My Real Estate Commission is not a Vancouver Real Estate Standard and is Negotiable.

According to the Federal Governments Competition Act, I am required to say that the real estate commissions I charge a Seller are negotiable.

Furthermore, according to the Competition Act, I cannot say that my commission fee is a standard commission or create the perception there is a standard commission. The commission above is what I alone charge and I am open to offers on commission.

Seller Commission Real Estate Frequently Asked Questions

Q: How is the commission split between buyer’s and seller’s agents?

A: Typically, the seller’s agent earns around 3.875% on the first $100,000 and 1.3375% on the balance, while the buyer’s agent receives 3.125% on the first $100,000 and 1.1625% on the remaining amount.

Q: What does the commission fee cover?

A: Services usually include property valuation, marketing, showings, and negotiation support. This also covers listing fees, advertising, and professional guidance throughout the transaction.

Q: Is the commission fee subject to GST?

A: Yes, GST is applied to the total commission paid, adding 5% to the calculated commission amount.

Q: When is the commission fee paid?

A: Commission is only paid at closing, when the property transaction is complete and funds are transferred.

Q: Who pays the commission fee?

A: In the vast majority of real estate transactions, the seller pays the commissions.

Thinking of Selling in Vancouver? Call 604-763-3136 or Email Me to discuss how I can help YOU!

Mike Stewart’s Vancouver Real Estate Commission Breakdown with GST

$300,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Balance = $12,000 x GST (5%) = $12600

$400,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Balance = $14,500 x GST (5%) = $15225

$500,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Balance = $17,000 x GST (5%) = $17850

$600,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Balance = $19,500 x GST (5%) = $20475

$700,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $22,000 x GST (5%) = $23,100

$800,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Balance = $24,500 x GST (5%) = $25725

$900,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Balance = $27,000 x GST (5%) = $28350

$1,000,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $29,500 x GST (5%) = $30975

$1,250,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $35,750 x GST (5%) = $37537.50

$1,500,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $42,000 x GST (5%) = $44100

$1,750,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $48,250 x GST (5%) = $50662.50

$2,000,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $54500 x GST (5%) = $57225

$2,500,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $67,000 x GST (5%) = $70350

$3,000,000 Sale Price x 7% on the 1^st $100K & 2.5% of the Bal = $79,500 x GST (5%) = $83475

I strongly encourage comments! Thank you!