Real Estate Commission Calculator
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Real Estate Commission Calculator
Property Sale Price:
Agent Commission Rate (%):
Referral Fee (%):
Broker Split (% for Agent):
Calculate Commission
Understanding Real Estate Commissions
Selling a property involves various costs, and the real estate commission is often one of the most significant. This calculator helps you estimate the net commission an agent or brokerage receives after all splits and fees are accounted for.
How it Works:
Property Sale Price: This is the final agreed-upon price for the property.Agent Commission Rate: This is the total percentage of the sale price that the buyer's agent and seller's agent collectively earn. This rate is typically negotiated between the seller and the listing agent.Referral Fee: Sometimes, an agent who referred the client to the listing or selling agent might receive a percentage of the commission. This is deducted from the total commission before other splits.Broker Split: Many agents work under a brokerage. The total commission earned is often split between the agent and their brokerage according to a pre-agreed percentage. The 'Broker Split (% for Agent)' refers to the percentage the individual agent receives of the *remaining* commission after any referral fees are paid. A 100% split means the agent keeps the entire commission minus fees, while a 70% split means the agent gets 70% and the brokerage keeps 30% of what's left.
The Calculation:
The calculator follows these steps:
Total Commission Earned: Sale Price × (Agent Commission Rate / 100)Referral Fee Amount: Total Commission Earned × (Referral Fee / 100)Commission After Referral: Total Commission Earned – Referral Fee AmountAgent's Share: Commission After Referral × (Broker Split / 100)Brokerage's Share: Commission After Referral – Agent's Share
This calculator provides a clear breakdown to help sellers understand the potential costs and agents/brokers estimate their earnings.
Example:
If a property sells for $500,000 , with a total agent commission rate of 5% , a referral fee of 0.5% , and the agent has a 70% split with their broker:
Total Commission: $500,000 × 0.05 = $25,000
Referral Fee: $25,000 × 0.005 = $1,250
Commission After Referral: $25,000 – $1,250 = $23,750
Agent's Share: $23,750 × 0.70 = $16,625
Broker's Share: $23,750 – $16,625 = $7,125
In this scenario, the agent would net $16,625 , and the brokerage would receive $7,125 .
function calculateCommission() {
var salePrice = parseFloat(document.getElementById("salePrice").value);
var agentCommissionRate = parseFloat(document.getElementById("agentCommissionRate").value);
var referralFee = parseFloat(document.getElementById("referralFee").value);
var brokerSplit = parseFloat(document.getElementById("brokerSplit").value);
var resultDiv = document.getElementById("result");
resultDiv.innerHTML = "; // Clear previous results
// Input validation
if (isNaN(salePrice) || salePrice <= 0) {
resultDiv.innerHTML = "Please enter a valid property sale price.";
return;
}
if (isNaN(agentCommissionRate) || agentCommissionRate <= 0) {
resultDiv.innerHTML = "Please enter a valid agent commission rate.";
return;
}
if (isNaN(referralFee) || referralFee < 0) { // Referral fee can be 0
resultDiv.innerHTML = "Please enter a valid referral fee (0 or greater).";
return;
}
if (isNaN(brokerSplit) || brokerSplit 100) {
resultDiv.innerHTML = "Please enter a valid broker split percentage (between 1 and 100).";
return;
}
var totalCommission = salePrice * (agentCommissionRate / 100);
var referralFeeAmount = totalCommission * (referralFee / 100);
var commissionAfterReferral = totalCommission – referralFeeAmount;
var agentsShare = commissionAfterReferral * (brokerSplit / 100);
var brokersShare = commissionAfterReferral – agentsShare;
// Display results
resultDiv.innerHTML =
'Net Commission for Agent: $' + agentsShare.toFixed(2) +
'
Brokerage' + (brokersShare > 0 ? "'s Share: $" + brokersShare.toFixed(2) : " ) + ' ';
}