1. What is Realtor Commission?

Realtor commission is the fee paid to real estate agents for their services in buying or selling a property. In Ontario and Quebec, this is typically a percentage of the final sale price of the property.

2. How Commission is Calculated

The calculator uses the following formula:

Where:

• \( Sale\ Price \) — Final selling price of the property (CAD)
• \( Commission\ Rate \) — Agreed percentage rate between seller and agent

3. Typical Commission Rates

Details: In Ontario and Quebec, typical commission rates range from 3% to 5% of the sale price, though this can vary based on the property type, location, and specific agreement with the realtor.

4. Using the Calculator

Tips: Enter the sale price in Canadian dollars and the commission rate as a percentage (e.g., enter 4 for 4%). The calculator will compute the total commission amount.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in Ontario/Quebec?
A: Yes, commission rates are always negotiable between the seller and the real estate agent or brokerage.

Q2: Who pays the realtor commission?
A: Typically the seller pays the commission, which is then split between the seller's and buyer's agents.

Q3: Are there additional fees beyond commission?
A: There may be additional fees for marketing, staging, or administrative costs - these should be discussed with your realtor upfront.

Q4: How is commission split between agents?
A: The total commission is typically split between the listing agent and buyer's agent, often 50/50 but this can vary.

Q5: Are there flat-fee alternatives?
A: Some brokerages offer flat-fee services or reduced commission structures - it's worth shopping around.