Calculate the real estate commission you'll pay when selling your home. See how the commission splits between buyer's and seller's agents, and what you'll net from the sale.
You sell your home for $400,000 with a standard 6% commission split evenly between agents. Closing costs are $8,000.
Total Commission: $24,000
Buyer's Agent: $12,000 | Seller's Agent: $12,000
Net to Seller: $368,000
You negotiate a 5% commission on your $1,000,000 home sale. The split is 50/50. Closing costs are $20,000.
Total Commission: $50,000
Buyer's Agent: $25,000 | Seller's Agent: $25,000
Net to Seller: $930,000
You use a discount brokerage charging only 4% commission on your $300,000 home. Split is 50/50. Closing costs are $6,000.
Total Commission: $12,000
Buyer's Agent: $6,000 | Seller's Agent: $6,000
Net to Seller: $282,000
Your listing agreement specifies a 60/40 split favoring the seller's agent on a $500,000 home at 6% commission. Closing costs are $10,000.
Total Commission: $30,000
Buyer's Agent: $12,000 | Seller's Agent: $18,000
Net to Seller: $460,000
Total Commission = Total amount paid to all agents
Sale Price = Final home sale price
Commission Rate = Negotiated percentage (typically 5-6%)
Buyer's Agent = Commission earned by buyer's representative
Seller's Agent = Commission earned by listing agent
Split = Typically 50/50, but negotiable
Net to Seller = Your proceeds after all costs
Other Closing Costs = Transfer taxes, title insurance, repairs, etc.
Input the expected selling price of your home. This is the amount the buyer pays for the property.
Enter the commission rate you've negotiated with your listing agent. The national average is 5-6%, but rates are negotiable.
Set how the commission is divided between the buyer's and seller's agents. The default is 50/50, but this can vary based on your listing agreement.
Include other selling costs like transfer taxes, title insurance, home repairs, and staging to get an accurate picture of your net proceeds.
See the total commission, how it's split between agents, your net proceeds, and a comparison of different commission rates.
When you sell your home, you'll typically pay a commission to the real estate agents involved in the transaction. This commission is usually a percentage of the home's sale price and is split between the listing agent (representing you, the seller) and the buyer's agent (representing the buyer). Understanding how commissions work can help you make informed decisions and potentially save thousands of dollars.
The total commission is typically split between the listing brokerage and the buyer's brokerage based on the terms of the listing agreement and the local Multiple Listing Service (MLS) rules. A common split is 50/50, but this can vary. For example:
Beyond commission, several factors affect how much money you'll walk away with from your home sale:
Our real estate commission calculator helps home sellers understand the true cost of selling their property. By calculating the total commission, agent splits, and net proceeds, you can make informed decisions about your listing agreement and negotiate better terms with your real estate agent.
On a $400,000 home sale at a 6% commission rate, you're paying $24,000 in realtor fees. Even a 1% difference in commission rate saves you $4,000. Understanding these numbers empowers you to negotiate effectively and choose the right agent for your needs.
Disclaimer: This real estate commission calculator is for educational and planning purposes only. Actual commission rates, splits, and closing costs vary by location, brokerage, and negotiation. Real estate laws and regulations differ by state. Consult with qualified real estate professionals and legal advisors for personalized advice regarding your specific situation. Commission structures may change due to ongoing legal and regulatory developments in the real estate industry.