1. What is QLD Real Estate Commission?

Real estate commission in Queensland is the fee paid to real estate agents for their services in selling a property. It's typically calculated as a percentage of the final sale price and is negotiable between the seller and the agent.

2. How Commission is Calculated

The standard commission formula is:

Where:

• Sale Price — The final selling price of the property in AUD
• Commission Rate — The agreed percentage rate (typically between 2.45% and 2.72% in QLD)

Note: Some agencies may use tiered commission structures where the percentage changes at certain price points.

3. Typical Commission Rates in QLD

Details: In Queensland, commission rates typically range from 2.45% to 2.72% of the sale price, but can vary based on:

• Property value (higher-value properties often have lower percentage rates)
• Location within QLD
• Agency and level of service provided
• Market conditions

4. Using the Calculator

Tips: Enter the property sale price in AUD and the agreed commission rate as a percentage. The calculator will show the estimated commission amount payable to the real estate agent.

5. Frequently Asked Questions (FAQ)

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

Q2: Are there additional fees besides commission?
A: Yes, there may be marketing costs, administrative fees, and GST on the commission (usually about 10%).

Q3: What's the average commission rate in Brisbane?
A: Brisbane rates typically range from 2.5% to 2.75%, with inner-city properties often at the lower end of this range.

Q4: How does commission compare to other states?
A: QLD rates are generally lower than NSW and VIC, where rates often start at 2-2.5% plus GST.

Q5: When is commission paid?
A: Commission is deducted from the sale proceeds at settlement, typically 30-90 days after the sale contract is signed.