1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for their services in facilitating property sales. It's typically a percentage of the final sale price and varies by region and property type.

2. How Commission is Calculated

The standard commission calculation is:

Example: For a $500,000 property at 2.5% commission:

• $500,000 × 2.5% = $12,500 commission

3. NSW vs India Commission Rates

NSW, Australia: Typically 1.5-3% of sale price. Rates are negotiable and may include GST.

India: Usually 1-2% of sale price, though rates vary by city and property value.

4. Using the Calculator

Steps: Enter property sale price, commission rate percentage, and select region (NSW or India). The calculator will show the agent's commission in the appropriate currency.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable?
A: Yes, commission rates are generally negotiable between the seller and agent.

Q2: Who pays the commission?
A: Typically the seller pays the commission, which is deducted from the sale proceeds.

Q3: Does this include GST?
A: In NSW, GST of 10% may apply on top of commission. This calculator shows base commission only.

Q4: Are there fixed-fee alternatives?
A: Some agents offer fixed-fee services, especially for lower-priced properties.

Q5: How does commission compare between regions?
A: Indian rates are generally lower than Australian rates, but local market conditions affect actual rates.