Commission Calculator
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$400
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Selling Price =$400,000$350,000
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2% Realty Edge ABBig Guys (Remax, Royal Lepage, etc)Blend
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as the Listing Broker as the Listing Brokerof 2% Realty & the Big Guys
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Base (Minimum) for Calculations$400,000$400,000$400,000
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Broker's CommissionFlat Fee$100,000$300,0001.0 % for 2% Realty as the Listing Broker + 3.5/1st $100K & 1.5%/Balance for the Buyer's Broker
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At Percent2%7.00%3.00%
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Commission Components$7,000$9,000
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Total Commission$8,000$16,000$12,000
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Savings with 2%---->$8,000$4,000
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Lister / Buyer Realtor SplitListing BrokerBuyer's BrokerListing BrokerBuyer's BrokerListing BrokerBuyer's Broker
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50%50%50%50%50%50%
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$4,000$4,000$8,000$8,000$4,000$8,000
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Net Proceeds Calculation
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Your Sell Price$400,000
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Less Real Estate Commission
$12,000
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Less Condo Doc Fees (budget $500)
$500
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Less Cost of Real Property Report ($750) or Title Insurance ($250) if required
$0
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Less Legal Fees & Dispersements
$800
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GST on Above Lines5.0%$665
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Total Expenses & GST$13,965
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Net Proceeds of Home Sale
$386,035
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