Below is an example of a $750,000 list price (and closing price) of a typical detached home and the associated commissions (typical 7/3) for full-service representation by RealFour. Commissions are not fixed and different agents/brokerages can charge different rates.
1. RealFour (brokerage) Commission (7/3)
| Price tier | Rate | Dollar amount |
|---|---|---|
| First $100,000 | 7% | $7,000 |
| Remaining $650,000 | 3% | $19,500 |
| Total commission | $26,500 |
Alberta has no fixed commission; RealFour charges 7% on the first $100k and 3% on the balance and this remains the most common full-service model in Calgary.
50 / 50 split: $13,250 to the listing brokerage, $13,250 to the buyer's brokerage.
2. GST on Commission
- The commission is a taxable service, so 5% GST is added.
- $26,500 × 5% = $1,325 GST, collected by the listing brokerage and remitted to CRA.
3. Legal & Land-Titles Costs (Seller)
| Component | Typical amount |
|---|---|
| Lawyer flat fee (sale only) | $1,200 – $1,600 |
| Disbursements (courier, title search, bank draft) | ≈ $300 |
Buyers usually pay more because they register a new mortgage and Land-Titles instruments.
4. Total Seller Closing Costs
| Cost bucket | Amount |
|---|---|
| RealFour (agent/brokerage) Commission | $26,500 |
| GST on commission | $1,325 |
| Legal fees & disbursements | $1,500 |
| Grand total | $29,325 |
Net proceeds before mortgage payout:
$750,000 − $29,325 = $720,675
5. Quick Facts & Compliance Notes
- Commissions are negotiable; advertising a fixed rate is prohibited.
- GST is mandatory on commissions/admin fees; resale homes themselves are GST-exempt.
- Each party hires its own lawyer; seller legal costs are never bundled into commission.
- Land-Titles transfer levy (paid by buyers) rose to $5 per $5,000 of value on Oct 20 2024.
Need a custom estimate?
Ask for an updated sheet with your exact list price, marketing plan, or any incentives—so you know your true bottom-line before signing a listing contract.
