1. Florida Realtor Commission Basics

In Florida, real estate commissions are typically paid by the seller at closing and are split between the listing and buyer's agents. The total commission is usually 5-6% of the home's sale price, though rates are always negotiable.

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%)

Example: For a $400,000 home at 5.5% commission: $400,000 × 0.055 = $22,000 total commission.

3. Typical Commission Rates in Florida

2024 Rates: While commission rates are negotiable, most Florida transactions involve:

• 5-6% for traditional residential sales
• 4-5% for luxury properties
• 6-7% for commercial properties
• 3-4% for flat-fee MLS listings

4. Using the Calculator

Instructions: Enter the sale price of the property and the agreed commission rate. The calculator will instantly show the total commission amount.

5. Frequently Asked Questions (FAQ)

Q1: 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.

Q2: Are commission rates fixed in Florida?
A: No, all commission rates are negotiable between the seller and their listing agent.

Q3: How is the commission split between agents?
A: The total commission is usually split 50/50 between listing and buyer's brokers, who then split their portion with their agents.

Q4: Are there alternatives to percentage commissions?
A: Some brokers offer flat-fee services or reduced rates for limited services.

Q5: When is the commission paid?
A: Commission is paid at closing from the sale proceeds, after all liens and fees are satisfied.