We built this Quebec real estate commission calculator to show you how much you’ll pay in realtor commission when buying or selling a property in Quebec.
Real Estate Commission Calculator
Commission Information
Commission Breakdown
How the Quebec real estate commission calculator works
To use the Quebec real estate commission calculator, first choose if you are a buyer or seller.
For buyers, you should enter in the commission that you agreed to pay your realtor when you signed the brokerage agreement. This information is in Clause 6 of the Exclusive Brokerage Contract – Purchase. Finally, enter in your actual or desired purchase price for your home. The calculator will automatically calculates the buyer’s and seller’s commissions based on a 50/50 split with the seller’s agent and adds the applicable GST and QST.
For sellers, start by entering the commission agreed upon with your realtor in the brokerage contract (exclusive or non-exclusive). Then, split the commission according to the terms in Clause 7.3. The calculator will automatically compute the buyer’s and seller’s portions based on this split, and add GST and QST. The result is the total amount you will need to pay as part of your seller’s closing cost.
Note for buyers
How do I calculate my exact real estate commission?
If you are a buyer, you need to first identify the commission rate that you agreed to pay your realtor. This is in Clause 6 of the Exclusive Brokerage Contract – Purchase. Then, you need to know your actual purchase price. If you do not know what this is yet, you can use the amount of mortgage pre-approval for plus your down payment. For example, let’s say that you agreed to pay your agent 2% of the purchase price and you are planning to spend $500,000 on your home. In this case, you can calculate your realtor commission as:
Buyer’s agent commission = 0.02 * $500,000 = $10,000 + Taxes (QST + GST)
If you are the seller, you must first identify the commission rate you agreed to pay your realtor and the split your agent arranged with the other agent. You can then multiply this by either the list price or the actual purchase price. For instance, let’s say that you agreed to pay your agent 4% and, your agent agreed to split this 50/50 with a buyer’s agent. In this case, the total commission that you owe to your agent is 4% and your agent agrees to give 2% to any buyer’s agent. This is calculated as:
Seller’s agent commission = 0.04 * $500,000 = $20,000 + Taxes (QST + GST)
The seller’s agent will then pay the buyer’s agent $10,000 from their commission.
How do realtors split their commission in Quebec?
The graphic below is an example of how realtors in Quebec typically split their commission.
In our example, the home price is $750,000. The two brokers agree to split their commission 50/50 (2% each). This means each broker earns $15,000; however, Quebec’s Real Estate Brokerage Act requires brokers to operate under a licensed real estate agency rather than independently. A licensed real estate agency must supervise every broker, and each broker must operate under that agency. In most cases, the broker will shares a portion of their earnings with the agency. In our example, each broker pays 30% of their commission to the agency they operate under, so each realtor ultimately keeps $10,500.
