1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for facilitating a property sale. In both Queensland (Australia) and Texas (USA), commissions are typically a percentage of the final sale price and are negotiable between the seller and agent.

2. How Commission is Calculated

The standard commission formula is:

Where:

• Sale Price — Final selling price of the property
• Commission Rate — Percentage agreed between seller and agent

Example: For a $500,000 property at 2.5% commission, the fee would be $12,500.

3. QLD vs Texas Commission Rates

Queensland, Australia: Typical rates range from 2% to 3% plus GST (varies by agency and property value). Higher-value properties often have lower percentage rates.

Texas, USA: Average rates are 5-6% (typically split between listing and buyer's agents). Rates are negotiable and may vary by region within Texas.

4. Using the Calculator

Instructions: Enter the property sale price in AUD (for QLD) or USD (for Texas), input the commission rate percentage, select your region, and click calculate.

5. Frequently Asked Questions (FAQ)

Q1: Are commissions the same across all agencies?
A: No, commissions are negotiable and can vary significantly between agencies and individual agents.

Q2: Is GST included in QLD commissions?
A: In QLD, GST (10%) is typically added to the commission amount (e.g., 2.2% becomes 2.42% including GST).

Q3: Who pays the commission in Texas?
A: In Texas, the seller typically pays the full commission, which is then split between the listing and buyer's agents.

Q4: Are there fixed-fee alternatives?
A: Some agencies offer fixed-fee or tiered commission structures, especially for higher-value properties.

Q5: When is commission paid?
A: Commission is paid at settlement from the sale proceeds in both QLD and Texas.