BC Realtor Commission Calculator

Realtor fees in British Columbia are usually paid as commission under a written listing or representation agreement, and those percentages are negotiable. There is no single government-fixed residential commission rate. Sellers often ask about figures they have seen discussed online, including tiered percentage examples on other sites. Those examples are not a legal schedule, not a quote for your home, and not Coldwell Banker Prestige Realty’s published rates.

Use this calculator with the listing-side and buyer-side rates in your draft or signed agreement, including GST where it applies, to estimate totals. For consumer protection and licensing context, see BCFSA resources. This page is general education for Burnaby and Metro Vancouver sellers and buyers, not legal advice and not a public rate card. Alex Lam PREC discusses compensation in the agreement for your situation.

This page is for B.C. and Vancouver-area sellers who want a transparent estimate before they review a listing contract. Enter a sale price, the listing-side structure, the buyer-side structure, and a GST rate. The page shows each side before GST, the combined commission, GST, the total including GST, and estimated proceeds after commission.

Other selling costs — legal or notary fees, property transfer tax for a related purchase, staging, repairs, mortgage discharge, or strata documents — are not necessarily included.

Start with the sale price. Choose a single rate or a two-tier structure for each side. A two-tier example is one percentage on the first portion of the price and another percentage on the balance. The first-tier amount is editable; $100,000 is only a starting breakpoint, not a required threshold.

The starting rates are an example only so the fields are not blank. Replace them with the numbers in your listing agreement. Actual commission depends on the agreement between the seller and the brokerage.

There is no government-mandated fixed commission rate. BCFSA regulates real estate licensing in British Columbia; it does not prescribe what a seller must pay. Treat any published percentage you see elsewhere as someone else’s contract, not a rule.

The common structure is a percentage of the sale price, written in the listing agreement. Some agreements use one percentage on the whole price. Some use two tiers: one percentage on a first portion of the price and another percentage on the balance. Some use a flat fee or another structure the seller accepts. The calculator can model a single rate or two tiers because those are shapes people enter. The shape is not a requirement.

In plain language, the listing brokerage is the firm the seller hires. A cooperating brokerage is the firm working with the buyer, if the listing agreement offers an amount for that cooperation. GST is generally charged on commission as a taxable service. British Columbia uses GST rather than HST. This calculator defaults to 5% GST and lets you change the rate. Confirm the tax line on the statement of adjustments.

Other sites sometimes print a tiered example, often a higher percentage on a first price band and a lower percentage after that. Treat that as common industry discussion and as someone else’s blog, not as a legal standard and not as Coldwell Banker Prestige Realty’s rates. BCFSA’s public real estate resources do not publish a residential commission schedule. Agreements vary. Ask for the numbers in writing before you sign, then replace the example fields in this calculator with those numbers.

In a typical residential resale, the seller pays the commission set out in the listing agreement from the sale proceeds. That agreement may include a listing-side amount and a cooperating amount. A buyer can also sign a separate representation agreement. Exceptions exist, and the contract you sign controls. This page does not state a universal legal rule about who must pay. Read the who-pays question in the FAQ, then read your own agreement.

The search is usually about income. The number on a commission calculator is the gross commission expense, not a salary. After the cooperating amount, the brokerage’s split with the realtor, GST treatment, and the realtor’s own costs, the amount one person keeps is smaller and different on every file. This page does not invent an income, an average, or a “what realtors earn” figure. If you are hiring, ask what the agreement charges you. If you are comparing careers, that is a different conversation from a listing estimate.

Type the sale price you are testing and the rates from the draft or signed agreement. Do not leave a rumour percentage in the fields and treat the result as fact. The starting rates on the form are an example so the boxes are not blank. Replace them.

Estimated proceeds here are the price minus the commission you entered, including GST at the rate you entered. They are not a full net sheet. Property transfer tax on a purchase is a different bill. Buyers estimate that on the BC property transfer tax calculator. Legal fees, discharge, strata documents, and repairs are separate again.

Compensation is agreed in writing for your listing. This site does not publish a rate card. If the home is in Burnaby, the service path is the Burnaby realtor page, and place context is the Burnaby real estate guide. A sale with a tenant still in the home is the sell a tenanted home guide. First-time buyers budgeting cash to close can use the first-time buyer checklist.