How to Calculate Real Estate Commissions
Multiply the commission percentage by the purchase price to find out your total commission.. Familiarize yourself with common commission amounts.. Discuss your specific commissions before signing any paperwork.
Steps
Multiply the commission percentage by the purchase price to find out your total
Multiply the commission percentage by the purchase price to find out your total commission.
Familiarize yourself with common commission amounts.
Familiarize yourself with common commission amounts.
Discuss your specific commissions before signing any paperwork.
Discuss your specific commissions before signing any paperwork.
Remember that commission is already tacked onto final sale price.
Remember that commission is already tacked onto final sale price.
Understand how commissions are split between brokers.
Understand how commissions are split between brokers.
Settle on the commission amount ahead of the sale.
Settle on the commission amount ahead of the sale.
Determine the property's gross sale price.
Determine the property's gross sale price.
Calculate the commission by multiplying the gross sales price of the property by
Calculate the commission by multiplying the gross sales price of the property by the commission percentage that was agreed upon.
Add taxes to the commission amount.
Add taxes to the commission amount.
Subtract the commission from the total sale to determine your cut.
Subtract the commission from the total sale to determine your cut.
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