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Alberta Realtor Commission Formula:
Where standard rate is typically 7% on first $100,000 and 3% on balance
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The standard realtor commission in Alberta typically follows a tiered structure: 7% on the first $100,000 of the sale price and 3% on the remaining balance. This calculator helps estimate the total commission based on this standard rate.
The calculator uses the Alberta standard commission formula:
Where the standard rate is:
Example: For a $500,000 home:
First $100,000 × 7% = $7,000
Remaining $400,000 × 3% = $12,000
Total Commission = $19,000
Details: While this is the standard structure, commissions are always negotiable between the client and realtor. The total commission is typically split between the buying and selling agents.
Tips: Simply enter the sale price in Canadian dollars. The calculator will automatically apply the standard Alberta commission rates (7% on first $100K, 3% on balance).
Q1: Is the commission rate fixed in Alberta?
A: No, commission rates are negotiable. The 7%/3% structure is common but not mandatory.
Q2: Who pays the realtor commission?
A: Typically the seller pays the commission, which is then split between the listing and buying agents.
Q3: Are there additional fees beyond commission?
A: There may be additional closing costs, but these are separate from realtor commissions.
Q4: How is the commission split between agents?
A: The total commission is typically split evenly between listing and buying agents, but this can vary.
Q5: Can I negotiate a lower commission rate?
A: Yes, commission rates are always negotiable between you and your realtor.