1. What Are RE/MAX Commission Rates?

RE/MAX commission rates typically range from 5-6% of the final sale price, following industry standards. This commission is usually split between the listing agent and buyer's agent, with each receiving 2.5-3% of the sale price.

2. How Does The Calculator Work?

The calculator uses the standard commission formula:

Where:

• \( Sale Price \) — Final selling price of the property
• \( Commission Rate \) — Percentage rate (typically 5-6% for RE/MAX)

Explanation: The calculator multiplies the sale price by the commission rate percentage to determine the total commission amount.

3. Understanding Real Estate Commissions

Details: Real estate commissions are negotiable and can vary based on market conditions, property type, and individual agent agreements. The standard 5-6% rate represents the total commission that is typically split between the listing and buying agents.

4. Using The Calculator

Tips: Enter the property sale price in dollars and the commission rate as a percentage. For RE/MAX standard rates, use values between 5-6%. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Are RE/MAX commission rates fixed?
A: No, commission rates are negotiable between the agent and client, though RE/MAX typically follows the industry standard of 5-6%.

Q2: How is the commission split between agents?
A: Typically, the total commission is split evenly between the listing agent and buyer's agent, with each receiving 2.5-3% of the sale price.

Q3: Are there additional fees beyond the commission?
A: Sometimes there may be additional administrative fees or marketing costs, but these should be disclosed upfront in the listing agreement.

Q4: Can commission rates be lower than 5%?
A: Yes, commission rates can be negotiated lower, especially in competitive markets or for higher-priced properties.

Q5: When is the commission paid?
A: Commission is typically paid at closing from the proceeds of the sale, after all closing costs have been deducted.