1. What is Florida Realtor Commission?

The real estate commission is the fee paid to real estate agents for their services in facilitating a property sale. In Florida, this is typically a percentage of the final sale price, split between the buyer's and seller's agents.

2. How Commission is Calculated

The standard commission calculation formula is:

Where:

• \( Sale\ Price \) — Final selling price of the property
• \( Commission\ Rate \) — Agreed percentage rate (typically 5-6% in Florida)

Example: For a $500,000 home at 5.5% commission, the total would be $27,500 (typically split between agents).

3. Typical Commission Rates in Florida

Details: While commission rates are negotiable, Florida averages tend to be:

• 5-6% for residential properties
• 4-8% for commercial properties
• 10% for land/lots

Rates may be lower for high-value properties (>$1M).

4. Using the Calculator

Tips: Enter the property sale price in USD and the commission rate (percentage). The calculator will show the total commission amount.

5. Frequently Asked Questions (FAQ)

Q1: Are commission rates fixed in Florida?
A: No, all commission rates are negotiable between the agent and client. There are no fixed rates.

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

Q3: Can commission rates be lower than 5%?
A: Yes, especially for discount brokerages or for-sale-by-owner (FSBO) services with limited agent involvement.

Q4: How is the commission split between agents?
A: The total commission is typically split 50/50 between listing and buyer's brokers, who then split with their agents.

Q5: Are commissions taxable in Florida?
A: Yes, real estate commissions are considered taxable income for the agents/brokers receiving them.