commission calculator exp realty

Commission Formula:

\[ Commission = Sale\ Price \times \frac{Commission\ Rate}{100} \times \frac{Agent\ Split}{100} \]

Agent Commission:

Unit Converter ▲

Unit Converter ▼

From:	To:

1. What is the EXP Realty Commission Calculator?

The EXP Realty Commission Calculator helps agents estimate their earnings based on sale price, commission rate, and their individual split with the brokerage. This tool is specifically designed for EXP Realty agents to quickly calculate their potential commission.

2. How Does the Calculator Work?

The calculator uses the commission formula:

\[ Commission = Sale\ Price \times \frac{Commission\ Rate}{100} \times \frac{Agent\ Split}{100} \]

Where:

\( Sale\ Price \) — The final sale price of the property
\( Commission\ Rate \) — The total commission percentage (typically 5-6%)
\( Agent\ Split \) — The agent's percentage of the commission (after brokerage split)

Explanation: The calculation first determines the total commission, then applies the agent's split percentage to determine their personal earnings.

3. Understanding Commission Structure

Details: In real estate transactions, commission is typically a percentage of the sale price that's split between listing and buyer agents, and then further split between the agent and their brokerage.

4. Using the Calculator

Tips: Enter the sale price in dollars, commission rate as a percentage (e.g., 5.5), and your agent split percentage (e.g., 80 for an 80/20 split). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is a typical commission rate?
A: Commission rates vary but are typically 5-6% of the sale price, split between listing and buyer agents.

Q2: How does EXP Realty's split work?
A: EXP Realty offers different split options, often starting at 80/20 for new agents and increasing with production.

Q3: Are there any additional fees?
A: Some brokerages charge additional transaction fees or monthly fees that aren't reflected in this calculation.

Q4: Is the commission taxed?
A: Yes, commissions are considered income and are subject to taxes. This calculator shows gross commission before taxes and deductions.

Q5: What if the commission is split between two agents?
A: This calculator shows the total commission. For a buyer's agent share, you would typically use half of the total commission rate.