Rental Commission Calculator
If you want to determine the commission earned by the real estate agent, then you can use our rental commission calculator.
What is Rental Commission?
A rental commission is determined as the absolute commission earned by an agent of real estate in the context of selling a property on rent. If a one-month rent of a property is $1000, then the fee is normally divided 50/50 between the tenant and the property owner. However, It all relies on the agreement.
Table of Contents
Formula of Rental Commission Calculator
If you want to determine the commission earned by an agent, you can use the formula listed below, or jump to our rental commission calculator.
RC = MR * C
RC = Rental Commission
MR = Monthly Rent
C = Commission (in %)
To calculate commission, you can use our Commission Calculator.
For a more precise understanding, let us solve an example listed below:
Suppose the annual rent for the property is 12000$ and the commission is 50% of the monthly rent. Then find out the rental commission earned by a property dealer.
AR = Annual Rent = $12000
MR = Monthly Rent = 12000/12 = $1000
C = Commission (in %) = 50%
RC = Rental Commission = ?
To find the rental commission, we will use the formula listed below:
RC = MR * C
Putting values in the above formula:
RC = $1000 * 50% = $500
How to use Rental Commission Calculator?
The steps to use the rental commission calculator are as follows:
Step 1: Enter the value of monthly rent in the required input.
Step 2: Enter the value of a commission in the required input.
Step 3: The calculator will automatically display an answer on the screen.
You can use our rental commission calculator in various daily life principles to instantly determine the commission earned by a rental state agent.