1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for facilitating a property sale. In Queensland (Australia) and British Columbia (Canada), this is typically a percentage of the final sale price, negotiated between the seller and agent.

2. How Commission is Calculated

The calculator uses the standard commission formula:

Where:

• \( \text{Sale Price} \) — Final property sale price in AUD (QLD) or CAD (BC)
• \( \text{Commission Rate} \) — Agreed percentage rate between seller and agent

3. Typical Commission Rates

Queensland (QLD): Typically 2.5-3.5% of sale price + GST
British Columbia (BC): Typically 3-7% on first $100,000 and 1-3% on balance

4. Using the Calculator

Tips: Enter the property sale price in AUD (QLD) or CAD (BC), the commission rate percentage, and select your region. The calculator will show the estimated commission amount.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable?
A: Yes, commission rates are always negotiable between 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 (QLD)?
A: No, GST of 10% is typically added to the commission amount in Queensland.

Q4: Are there fixed-fee alternatives?
A: Some agents offer flat-fee services, especially for higher-value properties.

Q5: When is commission paid?
A: Commission is paid at settlement when property ownership transfers.