Remax Realtor Commission Rates in Bc Calculator

by

RE/MAX Realtor Commission Calculator (BC)

Commission Breakdown

Base Commission: $0.00
GST (5%): $0.00
Total Payable: $0.00

*Note: In BC, commissions are typically split between the listing brokerage and the buyer's brokerage.

function calculateBCCommission() { var salePrice = parseFloat(document.getElementById('salePrice').value); var rate1 = parseFloat(document.getElementById('rateFirst100').value) / 100; var rate2 = parseFloat(document.getElementById('rateBalance').value) / 100; if (isNaN(salePrice) || salePrice <= 0) { alert("Please enter a valid sale price."); return; } var commission = 0; if (salePrice <= 100000) { commission = salePrice * rate1; } else { var firstPart = 100000 * rate1; var remainingPart = (salePrice – 100000) * rate2; commission = firstPart + remainingPart; } var gst = commission * 0.05; var total = commission + gst; document.getElementById('baseComm').innerText = "$" + commission.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('gstAmount').innerText = "$" + gst.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('totalPayable').innerText = "$" + total.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resultsArea').style.display = 'block'; }

Understanding RE/MAX Realtor Commission Rates in BC

Selling a home in British Columbia involves several costs, with the realtor commission being the most significant. While RE/MAX is an independent franchise network and individual agents may negotiate their own fees, the "standard" commission structure in the Greater Vancouver and Fraser Valley real estate markets follows a tiered approach.

How the "7 and 2.5" Rule Works

In BC, the most common commission structure used by RE/MAX agents and other brokerages is:

  • 7% on the first $100,000 of the sale price.
  • 2.5% to 3% on the remaining balance of the sale price.

This total amount is usually shared between the Listing Brokerage (who represents the seller) and the Cooperating Brokerage (who brings the buyer). A common split is 50/50, though this can vary based on the contract.

Real-World Calculation Examples

To help you budget for your home sale, here are two examples using the standard BC commission rates:

Example 1: A Condo Sold for $600,000
  • 7% of first $100,000 = $7,000
  • 2.5% of remaining $500,000 = $12,500
  • Base Commission = $19,500
  • GST (5%) = $975
  • Total Cost = $20,475
Example 2: A Detached House Sold for $1,500,000
  • 7% of first $100,000 = $7,000
  • 2.5% of remaining $1,400,000 = $35,000
  • Base Commission = $42,000
  • GST (5%) = $2,100
  • Total Cost = $44,100

Are RE/MAX Commissions Negotiable?

Yes. In Canada, there is no "set" or "legal" commission rate. Real estate commissions are negotiable between the seller and the listing agent. However, higher-tier brokerages like RE/MAX often justify their rates through extensive marketing budgets, global reach, and high-volume negotiation experience. When discussing rates with your BC RE/MAX agent, consider the level of service, professional photography, staging advice, and marketing exposure they provide.

Don't Forget the GST

In British Columbia, real estate commissions are considered a service and are subject to the 5% Goods and Services Tax (GST). Our calculator automatically factors this in to ensure you see the final "out-of-pocket" amount you will pay at the time of closing from the sale proceeds.

Leave a Comment