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Tiered Commission Structure Depending on Type of Transaction

  1. #1
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    Question Tiered Commission Structure Depending on Type of Transaction

    I am trying to do a calculation with the that will allow for a commission calculation to take place depending on the transaction type. Here in BC, I am a real estate agent and want to have a calculation based on who is representing whom. For example, the agent representing the buyer will receive the below commission

    Commission for the first $100,000 to be paid 3.25% and the balance to paid at 1.15% (Buying Agent)

    Commission for the first $100,00 to be paid 3.78% and the balance to be paid at 1.35% (Selling Agent).

    If I am representing John Doe and use the drop down list and choose "Buying" then calculate the commission based on the selling price of the property and the above percentage levels. Then the same for choosing "Seller" from the drop down list and do the above criteria.




    First 100K Balance
    Buying 3.25% 1.15%
    Selling 3.75% 1.35%

    Name Transaction Type Property Price Commission
    John Doe Selling $450000 ?
    Jane Doe Buying $650000 ?

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    Re: Tiered Commission Structure Depending on Type of Transaction

    Buy or Sell in A1. Value in B1

    =IF(A1="Buy",MIN(B1,100000)/100*3.35+MAX(0,B1-100000)/100*1.15,0)+IF(A1="Sell",MIN(B1,100000)/100*3.78+MAX(0,B1-100000)/100*1.35,0)
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    Re: Tiered Commission Structure Depending on Type of Transaction

    that is perfect, thank you. I did not think of using the max/min functions.

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    Re: Tiered Commission Structure Depending on Type of Transaction

    Administrative Note:

    Welcome to the forum.

    We would very much like to help you with your query, however it has been brought to our attention that the same query has been posted on one or more other forums and you have not provided the required cross-post link(s) here.

    Please see Forum Rule #3 about cross-posting and adjust accordingly. Read this to understand why we (and other sites like us) consider this to be important.

    (As you are new I will do it for you. Please read forum rules

    https://www.excelguru.ca/forums/show...mission-Tiered

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