1. What is Florida Realtor Commission?

The realtor commission in Florida is the fee paid to real estate agents for their services in facilitating a property sale. It's typically a percentage of the final sale price and is usually split between the buyer's and seller's agents.

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% in Florida)

Example: For a $300,000 home at 5% commission, the total commission would be $15,000.

3. Typical Commission Rates in Florida

Details: While commission rates are negotiable, the standard range in Florida is 5-6% of the sale price. This is typically split 50/50 between the listing and buyer's agents.

4. Using the Calculator

Tips: Enter the property sale price in USD and the agreed commission rate (percentage). The calculator will show the total commission amount.

5. Frequently Asked Questions (FAQ)

Q1: Are realtor commissions fixed in Florida?
A: No, commissions are always negotiable between the seller and the real estate agent/broker.

Q2: Who pays the realtor commission in Florida?
A: Typically the seller pays the full commission, which is then split between both agents.

Q3: Can commission rates vary by property type?
A: Yes, luxury properties or commercial real estate may have different commission structures.

Q4: Are there alternatives to percentage-based commissions?
A: Some brokers offer flat-fee or tiered commission structures, though these are less common.

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