New Brunswick Real Estate Commission Calculator 2021

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What Are Real Estate Commissions?

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The average real estate agent commission in New Brunswick is 5%, but it can range from 5% to 7% . If you are buying a home, you will not have to pay any commission. Instead, the seller of the home will pay the commission to both the buyer and seller agents.

Most commissions are a percentage of the selling price of the home. Some real estate agents may charge a flat fee instead, especially for homes that have a low value.

As real estate agents provide a service, you will have to pay tax on real estate commissions. The HST rate in New Brunswick is 15%.

New Brunswick Real Estate Commission

%
You will pay around...
$23,00023k
Buying Agent Commission
$10,00010k
Selling Agent Commission
$10,00010k
15%HST
$3,0003.00k
The seller of the property will pay for both buying and selling agents' commission. For example, if the seller agent commission is 2.5% and the buyer agent commission is 2.5%, you will pay a total commission of 5%.

What is the Average Real Estate Commission Rate?

$750,000 Property Selling Price Example

~$706,875
~$37,500
~$5,625
You Receive
Buyer+Seller Agent Commission
HST on Commission

The above chart demonstrates the following: 5% commission on the selling price and a 15% tax that is applied to the total commission. The remaing values is what you receive.

Will real estate agents negotiate commissions?

While the average commission is 5% in New Brunswick, you can always negotiate with your agent. There is no set standard or regulation that prevents you from getting a lower commission rate. Some cashback agents. may even share a portion of their commission with you.

If you do negotiate a discount on the commission rate, the seller agent usually receives a lower commission, while the buyer agent would still receive their normal amount. This means that buyer agents will not be discouraged from showing potential buyers to your home.

There are discount real estate brokerages that operate in New Brunswick that allow you to list a property for a much lower rate, or even for a flat fee.

Are real estate agents licensed in New Brunswick?

All real estate agents must be licensed by the New Brunswick Financial and Consumer Services Commission as well as be a member of the New Brunswick Real Estate Association.

Comparison of Real Estate Commission Across Provinces

ProvinceTypical Real Estate Commmission RateAverage Sold Prices of Homes in September 2020Average Total commission Paid to Both Agents
Alberta7% for 1st $100K and 3% for the remaining balance$403,163$16,095
Ontario5% of total price$741,395$37,070
B.C. (Greater Vancouver Area) 7% for 1st $100K and 2.5% for the remaining balance$801,039$24,526
Saskatchewan 6% for 1st $100K, 4% for the 2nd $100K, and 2% for the remaining balance$403,163$16,095
Manitoba 5% of the total price$308,689$15,434
Quebec 5% of the total price$477,609$23,880
Nova Scotia $1,500 flat fee for properties under $25,000, and 5% of the total price for other properties$319,726$15,986
New Brunswick 5% of the total price$203,907$10,195
Prince Edward Island 5% of the total price$300,538$15,778
Newfoundland and Labrador 5% of the total price$249,368$13,091
Housing market data was retrieved from the Canadian Real Estate Association.

Ontario and British Columbia have some of the highest housing prices, which results in higher average total real estate commissions. Although British Columbia’s real estate commission rates are one of the lowest in the country, homeowners ultimately end up paying a comparatively higher real estate commission due to the higher average selling price of homes.

The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.