Real Estate Commission Calculators

The commission for the real estate dealer is a crucial factor to consider when buying or selling real estate. The real estate agents get a commission on the property they sell. The overall commission is divided among the agent who worked for the seller and the agent who is on behalf of the buyer. The market usually sets the amount of commission; sometimes, the area also defines the amount, but it is generally between 5 per cent and 7 per cent of the sales price.

The commission amount should be discussed before the selling procedure. Negotiations on this amount before you sign an agreement are recommended because it may rise to 10 per cent if two people share the commission.

Determine the property’s accurate gross sale price. The commission should be given the actual property price, not after further proceedings. Remember, If an agent works with a broker or a franchise, a portion of the commission goes to the company.

Most commissions are based on the lease price and take some percentage of the lease value. Consider the amount of money you are throwing for commission as you will be given to the agent, so consider the extra percentage.

To ease the process of commission calculation a real estate commission calculator is developed in excel that calculates commissions automatically. It also marks the difference between selling with an agent and selling on my own. More templates are available online to calculate your real estate agent commission with fully customizable options.

How does it work?

The calculator is very simple, and you will find it easy to calculate. We suggest downloading the template and keeping it safe on your smartphone for quick calculations. To do this, you must have MS Office installed on your phone.

Okay, as you can see on the first line, what is the property’s sale price? Let’s say I have mentioned $1,000 to do the calculations for you. In the following line, it is noted that I should input the Agent’s commission percentage; for this, I have written 5%.

Sometimes, another agent might work on your client’s behalf, or s/he maybe your business partner. You can calculate the commission for them, too. For this, just select YES/NO from the drop-down. The rest of the calculations you see are done by itself.

You can see the commission has been calculated for you. So, this is how it works. Isn’t it simple?

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