Real Estate Commission Calculator

How to calculate Real Estate commission calculator?

Calculate the commission by applying the agreed percentage to the property's final sale price.

Key formula: commission = sale_price × commission_rate / 100

Using the Real Estate commission calculator calculator: an example

Example values used below: sale price $450,000 and a 5% commission rate.

Step-by-step calculation:

1. Start with the sale price: $450,000.
2. Convert the commission rate to a decimal: 5% = 0.05.
3. Apply the formula: 450,000 × 0.05 = $22,500 (total commission).
4. Optional split example: a 50/50 split gives each agent $11,250 before brokerage fees.

Frequently Asked Questions

Can I change the commission rate?

Yes. Enter the agreed percentage in the commission rate field; the calculator updates the commission automatically.

Does the calculator include agent splits and brokerage fees?

The calculator shows the gross commission. Splits and brokerage fees should be calculated separately and subtracted from the gross amount.

How should I enter percentages?

Enter the commission as a percentage (for example, 5 for 5%). The tool converts it to a decimal when applying the formula.