The realtor commission is the fee paid to the realtor for their services. It is calculated as a percentage of the property's selling price.
To calculate the realtor commission, use the following formula:
\[ \text{Realtor Commission} = \frac{(\text{Selling Price} \times \text{Commission Rate})}{100} \]
Assume a property is sold for $500,000 with a commission rate of 5%. The realtor commission would be calculated as follows:
\[ \text{Realtor Commission} = \frac{($500,000 \times 5)}{100} = $25,000 \]
Therefore, the realtor fee is $25,000.