1. What is QLD Agents Commission?

The Queensland real estate agent's commission is typically calculated as a percentage of the property sale price. This calculator helps determine the exact commission amount based on the agreed rate.

2. How Does the Calculator Work?

The calculator uses the standard commission formula:

Where:

• \( Sale\ Price \) — The final selling price of the property in AUD
• \( Commission\ Rate \) — The agreed percentage rate between agent and client

Explanation: The commission is calculated by multiplying the sale price by the commission rate (expressed as a decimal).

3. Importance of Commission Calculation

Details: Accurate commission calculation is essential for both agents and clients to understand the exact fees involved in a property transaction and to ensure fair compensation.

4. Using the Calculator

Tips: Enter the property sale price in AUD and the agreed commission rate as a percentage. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the typical commission rate in QLD?
A: Rates vary but typically range between 2-5% of the sale price, depending on the property value and agreement with the agent.

Q2: Is GST included in the commission?
A: No, GST is typically added to the commission amount. This calculator shows the base commission before GST.

Q3: Are there other fees besides commission?
A: Yes, there may be marketing costs, administrative fees, and other charges that are separate from the commission.

Q4: Is commission negotiable?
A: Yes, commission rates are always negotiable between the agent and the client.

Q5: How is commission paid?
A: Commission is typically deducted from the sale proceeds at settlement.