The commission is not a fixed amount: it is negotiated with the estate agent (UK) or realtor (US).
To calculate the broker's commission, multiply the selling price of the house ($189,000) by 4.5%, which equals $8,505. Subtracting this commission from the selling price, you would receive $180,495 after the commission is paid.
To calculate how much you would get after the broker's commission, first find the commission amount by multiplying the selling price ($7,000) by the commission rate (6%). This gives a commission of $420. Subtracting this from the selling price, you would receive $6,580 after the commission is paid.
$72,000x6% = $4320 (commission)$ 72,000-4320= $67,680. You would get $67,680 from the sale of your house after paying the commission.
$180,495
67680
Commission would be apply to the sales price, which does not include tax.
7500
7500
In India , Most salesman would get commission based on the current road price and the company of the car .salesman would get upto 5-7%.
The commission rate for selling a million dollar house is typically around 5-6, which would amount to 50,000 to 60,000.
$3750
The commission rate for a realtor selling a million dollar house is typically around 5-6, which would amount to 50,000 to 60,000.