1. What is BC Realtor Commission?

In British Columbia, Canada, real estate commissions are typically calculated as 7% on the first $100,000 of the sale price and 3% on the remaining balance. This is the standard commission structure used by most realtors in BC.

2. How Commission is Calculated

The calculator uses the standard BC realtor commission formula:

Example Calculation:

• $500,000 sale: $7,000 (first $100k) + $12,000 (next $400k) = $19,000 total commission
• $800,000 sale: $7,000 (first $100k) + $21,000 (next $700k) = $28,000 total commission

3. Typical Commission Structure

Details: The commission is usually split between the buyer's and seller's agents (typically 50/50). Additional fees may apply for GST and brokerage fees.

4. Using the Calculator

Tips: Enter the property sale price in Canadian dollars. The calculator will automatically apply the standard BC commission rates (7% on first $100k, 3% on balance).

5. Frequently Asked Questions (FAQ)

Q1: Are realtor commissions negotiable in BC?
A: Yes, commissions are always negotiable between the seller and their realtor, though the 7%/3% structure is most common.

Q2: Who pays the realtor commission in BC?
A: Typically the seller pays the commission, which is then split between the buyer's and seller's agents.

Q3: Is GST included in the commission?
A: No, GST (5%) is typically added to the commission amount and paid separately.

Q4: Are there different rates for commercial properties?
A: Yes, commercial real estate commissions often follow different structures and rates.

Q5: What percentage do most realtors take in BC?
A: While rates vary, the standard is 7% on first $100k and 3% on the remainder for residential properties.