1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for their services in selling a property. In Queensland, this is typically a percentage of the final sale price, negotiated between the seller and the agent before listing the property.

2. How Commission is Calculated

The standard commission formula is:

Where:

• Sale Price — The final price the property sells for (in AUD)
• Commission Rate — The agreed percentage rate between seller and agent

Example: For a $500,000 sale at 2.5% commission: $500,000 × 2.5 / 100 = $12,500 commission

3. Typical Commission Rates in QLD

Details: Commission rates in Queensland typically range from 2% to 3% of the sale price, with 2.5-2.6% being common for metropolitan areas. Rates may be higher for rural properties or lower for high-value properties.

4. Using This Calculator

Tips: Enter the property sale price in AUD and the agreed commission rate as a percentage. The default rate of 2.57% reflects a common QLD commission rate.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in Queensland?
A: Yes, commission rates are always negotiable between the seller and real estate agent.

Q2: Are there additional fees besides commission?
A: There may be marketing costs, administrative fees, or auctioneer fees - always ask for a full breakdown of costs.

Q3: Is GST included in the commission?
A: The commission rate is typically quoted as GST inclusive, but confirm this with your agent.

Q4: Do buyers pay commission in QLD?
A: No, the seller pays the commission to their agent in Queensland.

Q5: Are there fixed-fee alternatives?
A: Some agents offer fixed-fee services, but these may include fewer services than full commission agreements.