1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for their services in facilitating property sales. In Queensland and India, 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:

• \( Sale\ Price \) — Final property sale price in AUD or INR
• \( Commission\ Rate \) — Agreed percentage rate between seller and agent

3. Typical Commission Rates

Queensland, Australia: Typically ranges from 2.5% to 5% of sale price, often with tiered rates (higher percentage for first $X, lower for remainder).

India: Usually ranges from 1% to 3% of sale price, though rates can vary significantly by city and property type.

4. Using the Calculator

Tips: Enter the property sale price in AUD or INR, the agreed commission rate percentage, and select your region. The calculator will show the estimated agent commission.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in QLD/India?
A: Yes, commission rates are always negotiable between seller and agent. Rates may vary based on property value, location, and market conditions.

Q2: Are there additional fees besides commission?
A: In both regions, there may be additional marketing costs, administrative fees, or GST (in Australia) that aren't included in the basic commission rate.

Q3: Who pays the commission - buyer or seller?
A: Typically the seller pays the commission in both Queensland and India, though this can be negotiated differently in some cases.

Q4: How does GST apply in Australia?
A: In QLD, GST of 10% is added to the commission amount (not included in this calculator).

Q5: Are commission rates regulated?
A: No, rates are not regulated in either region - they are determined by market competition and negotiation.