![]() All other calculations are based on this figure. Selling price: The amount the property sells for. There are four main figures you must know when calculating a standard split commission. Hit the “copy net payables” button to record these figures and paste them into relevant locations quickly. You’ll now see the exact amount your brokerage collects, as well as how much to pay your agent. ![]() ![]() Enter the percentage of the commission the real estate agent receives from the sale. Enter the property selling price and the total amount your brokerage receives in commission. Here is how to use the split commission calculator. Both the real estate agent and the broker can easily calculate how much they will receive on a sale. This is a widely used commission structure. Split commission plans are when the real estate agent receives a set percentage of the total commission received by the brokerage. They help with both split and tiered commission structures-these are the payment plans used by the majority of real estate brokerages and agents. We have created two real estate agent commission calculators. They will tell you exactly how much to pay your agents for each sale they get over the line. But if you want an easy-to-use shortcut, try our free real estate commission calculators. ![]() Knowing the amount you need to pay agents well in advance helps you make better financial projections, ensuring payday has no surprises. It’s easy to put these calculations on the back burner and focus on other parts of running your brokerage.īut it’s essential to keep on top of how much you owe. Complex structures, agent fees, and varying rates make figuring them out a time-consuming process. Real estate commissions can be tough to calculate. Quick links: How to Use the Standard Split Commission Calculator → How to Use the Tiered Real Estate Commission Calculator → Consider Other Factors When Calculating Real Estate Commissions → Consider Various Real Estate Commission Models → What is a free real estate commission calculator? ![]()
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