1. What is Buyer Agent Commission?

In South African real estate transactions, the buyer's agent commission is typically a portion of the total commission paid by the seller. This calculator helps determine how much the buyer's agent will receive based on the sale price, total commission rate, and agreed split percentage.

2. How Commission is Calculated

The calculator uses the following formula:

Where:

• Sale Price — The property's selling price in ZAR
• Commission Rate — Total commission percentage (typically 5-7% in South Africa)
• Split — Percentage of total commission that goes to buyer's agent (often 50%)

3. South African Real Estate Commission

Details: In South Africa, real estate commissions are negotiable but typically range between 5-7% of the sale price plus VAT. This total commission is usually split between the listing and buyer's agents.

4. Using the Calculator

Tips: Enter the property sale price in ZAR, the total commission rate (usually between 5-7%), and the percentage split for the buyer's agent (often 50%). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the typical commission rate in South Africa?
A: Commission rates are negotiable but generally range from 5% to 7% of the sale price plus VAT.

Q2: How is the commission split between agents?
A: The total commission is typically split 50/50 between the listing agent and buyer's agent, but this can vary.

Q3: Who pays the commission in South Africa?
A: The seller typically pays the full commission, which is then split between the agents involved.

Q4: Is VAT included in the commission?
A: No, VAT (currently 15%) is added to the commission amount. This calculator shows the commission before VAT.

Q5: Can commission rates be negotiated?
A: Yes, commission rates are always negotiable between the seller and the real estate agency.