1. Vancouver Real Estate Commission Basics

Real estate commission in Vancouver is typically paid by the seller and split between the listing and buying agents. The standard rate structure has been traditionally 7% on the first $100,000 of the sale price and 3% on the remaining balance.

2. How Commission is Calculated

The calculator uses either your custom rate or the standard Vancouver formula:

Example: For a $800,000 home:

• First $100,000 × 7% = $7,000
• Remaining $700,000 × 3% = $21,000
• Total Commission = $28,000

3. Typical Vancouver Commission Structure

Standard Split: The total commission is typically divided between the listing brokerage (50%) and buying brokerage (50%), with each agent then splitting their portion with their brokerage (usually 50/50).

Negotiable Rates: While the 7%/3% structure was once standard, commissions are negotiable and many agents now offer different rate structures.

4. Using This Calculator

Instructions: Enter the sale price in CAD. You can either:

• Leave the rate blank to calculate using standard Vancouver rates
• Enter a custom percentage rate for a flat commission calculation

5. Frequently Asked Questions (FAQ)

Q1: Are real estate commissions negotiable in Vancouver?
A: Yes, commissions are always negotiable between the seller and their agent.

Q2: Who pays the real estate commission?
A: Typically the seller pays the commission, which is deducted from the sale proceeds.

Q3: Is GST included in the commission?
A: No, GST (5%) is added to the commission amount and paid separately.

Q4: What's the average commission rate in Vancouver?
A: While the traditional 7%/3% structure is common, effective rates often work out to 3-4% of total sale price for typical home values.

Q5: How is the commission split between agents?
A: Typically 50% to listing brokerage and 50% to buying brokerage, with each agent then splitting with their brokerage.