Realtor Commission Calculator

Calculate Realtor Commission





Definition

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.

Formula

To calculate the realtor commission, use the following formula:

\[ \text{Realtor Commission} = \frac{(\text{Selling Price} \times \text{Commission Rate})}{100} \]

Example

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.