1. What Are BC Realtor Fees?

BC realtor fees follow a standard commission structure where realtors typically charge 7% on the first $100,000 of the sale price and 3% on the remaining balance. This commission is usually split between the buying and selling agents.

2. How Does The Calculator Work?

The calculator uses the standard BC realtor commission formula:

Where:

• First $100,000 — 7% commission
• Remaining balance — 3% commission
• Total commission — Sum of both portions
• This amount is typically split between buying and selling agents

Explanation: The tiered commission structure means you pay a higher percentage on the first $100,000 and a lower percentage on the remaining sale price.

3. Understanding Commission Structure

Details: The 7% + 3% structure is common in British Columbia but can be negotiated. The total commission is typically divided between the listing agent (seller's agent) and the buying agent.

4. Using The Calculator

Tips: Enter the sale price of your property in Canadian dollars. The calculator will automatically compute the total realtor commission based on BC's standard fee structure.

5. Frequently Asked Questions (FAQ)

Q1: Are BC realtor fees negotiable?
A: Yes, commission rates are negotiable in British Columbia. The 7% + 3% structure is common but not mandatory.

Q2: How is the commission split between agents?
A: Typically, the total commission is split 50/50 between the listing agent and the buying agent, but this can vary.

Q3: Are there additional fees beyond commission?
A: Yes, there may be additional costs like GST, administrative fees, and other closing costs beyond the realtor commission.

Q4: Can I sell without a realtor to avoid these fees?
A: Yes, for-sale-by-owner (FSBO) is an option, but you'll need to handle all aspects of the sale yourself.

Q5: Is the commission calculated on the final sale price?
A: Yes, the commission is calculated based on the final agreed-upon sale price of the property.