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qld agents commission calculator malaysia

Commission Formula:

\[ Commission = Sale\ Price \times \frac{Commission\ Rate}{100} \]

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1. What is Agents Commission?

The commission is the fee real estate agents earn for facilitating property sales. In Queensland (Australia) and Malaysia, this is typically a percentage of the final sale price negotiated between the agent and property owner.

2. How Commission is Calculated

The standard commission formula is:

\[ Commission = Sale\ Price \times \frac{Commission\ Rate}{100} \]

Where:

3. QLD vs Malaysia Commission Rates

Queensland, Australia: Typically 2-3% of sale price + GST. Rates may be tiered (higher % for first $X, lower % thereafter).

Malaysia: Usually 2-2.5% of sale price. Some agents charge higher rates for lower-value properties.

4. Using the Calculator

Steps: Enter property sale price, commission rate percentage, select country (Australia-QLD or Malaysia), and click Calculate.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in QLD/Malaysia?
A: Yes, commission rates are always negotiable between the agent and seller.

Q2: Does this include GST (for QLD)?
A: No, GST of 10% is typically added to the commission amount in Australia.

Q3: What's the average commission rate in Malaysia?
A: Most agents charge 2-2.5% for residential properties, sometimes higher for commercial.

Q4: Are there additional fees beyond commission?
A: In both countries, there may be marketing fees or administrative costs - clarify with your agent.

Q5: How is commission paid?
A: Typically deducted from the sale proceeds at settlement by the conveyancer/solicitor.

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