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Content is loading, please wait.Free Minnesota seller tool
See how compensation, closing costs and your mortgage payoff affect the check you may receive at closing. No email, account or hidden “average” rate required.
Every percentage is editable. The starting values are examples, not Minnesota averages or quotes.
Use your lender's payoff estimate, not the statement balance.
Negotiated in the listing agreement.
Set to zero if the seller will not pay this amount.
Illustrative bucket for title, taxes, recording and related costs.
Minnesota law requires residential buyer-broker agreements to be written and to include the amount of compensation or the basis for calculating it. The required notice makes the central point explicit: compensation is determined between the individual broker and client.
A seller can authorize a listing broker to share compensation with another broker, including a broker who solely represents the buyer. That does not make any particular percentage mandatory. Compare the services, obligations, cancellation terms and complete cost—not just one rate.
This calculator separates listing-broker compensation from a seller-paid buyer-broker amount so you can model the agreement in front of you. If the seller is not paying a buyer-broker amount, set that field to zero.
There is no standard rate. Minnesota buyer-broker agreements must state the compensation amount or how it is calculated, and the statutory notice says compensation is determined between each broker and client. Enter the terms you are considering rather than relying on a statewide assumption.
Not automatically. A seller may authorize the listing broker to disburse part of its compensation to other brokers, including a buyer's broker. The purchase agreement and representation agreements determine what applies to a specific transaction.
It is the estimated amount left after subtracting modeled broker compensation, other closing costs, mortgage payoff, concessions and preparation costs from the sale price. A closing provider's written net sheet will be more complete.
No. Calculations happen in your browser and the values are not submitted to Minnesota Top Agents.