1. What is a Low Commission Calculator?

This calculator helps estimate real estate commissions in British Columbia when using low-commission or flat-fee real estate services, which typically charge 1-3% instead of the traditional 5-7%.

2. How Does the Calculator Work?

The calculator uses a simple commission formula:

Where:

• Sale Price — Property selling price in Canadian dollars
• Low Commission Rate — Percentage charged by discount broker (typically 1-3%)

Explanation: The calculation shows how much you would pay in commission fees when using a discount real estate service.

3. Importance of Commission Calculation

Details: Understanding commission costs helps sellers evaluate different real estate service options and potential savings from low-commission brokers.

4. Using the Calculator

Tips: Enter your expected sale price and the commission rate offered by the low-commission service. Rates typically range from 1-3% in BC.

5. Frequently Asked Questions (FAQ)

Q1: What's the typical commission rate in BC?
A: Traditional agents charge 5-7% on first $100k and 2-3% on balance. Low-commission services typically charge 1-3% total.

Q2: Are low-commission services worth it?
A: They can save thousands, but may offer fewer services. Compare what's included before deciding.

Q3: Does this include GST?
A: No, GST (5%) would be additional to the calculated commission amount.

Q4: What other fees should I consider?
A: Factor in legal fees, property transfer tax, and any additional marketing costs.

Q5: Are rates negotiable?
A: Yes, commission rates are always negotiable in BC, even with traditional agents.