The real estate commission is usually calculated as a percentage of the final sale price of the property. The exact percentage can vary and is negotiable between the seller and the real estate agent or broker.

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To perform calculation the following is required:

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1. Sales Price or Transaction Amount: This is the total value of the property being sold or the transaction amount involved. It represents the price at which the property is sold or the value associated with the real estate transaction.

2. Commission Rate: This is the percentage or rate agreed upon between the seller and the real estate agent or broker. It represents the portion of the sales price or transaction amount that will be paid as commission.

Once the necessary inputs are provided, the online calculator performs the calculation to determine the commission payable.

 

It applies the following formula:

Commission = Commission Rate x Sales Price or Transaction Amount