1. What is Realtor Commission in BC?

Realtor commission is the fee paid to real estate agents for their services in buying or selling property. In British Columbia, commissions are typically percentage-based and negotiable between the client and realtor.

2. How Commission is Calculated

The basic commission formula is:

For standard BC rates:

• 7% on the first $100,000 of the sale price
• 3% on the remaining balance above $100,000

3. Typical BC Commission Structure

Details: While commissions are negotiable, most BC realtors use the 7%/3% structure. The total commission is typically split between the buying and selling agents.

4. Using the Calculator

Tips: Enter the property sale price in CAD dollars. You can either:

• Leave the rate blank to use standard BC rates
• Enter a custom rate to calculate with a specific percentage

5. Frequently Asked Questions (FAQ)

Q1: Are realtor commissions fixed in BC?
A: No, commissions are negotiable. The 7%/3% structure is common but not mandatory.

Q2: Who pays the realtor commission?
A: Typically the seller pays the full commission, which is then split between the listing and buying agents.

Q3: Are commissions subject to taxes?
A: Yes, GST applies to realtor commissions in BC.

Q4: Can I negotiate a lower commission rate?
A: Yes, commission rates are always negotiable between you and your realtor.

Q5: What's the average total commission in BC?
A: For a $1 million home, standard commission would be $7,000 (first $100k) + $27,000 (remaining $900k) = $34,000 total.