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 Malaysia, 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 MYR
• \( Commission\ Rate \) — Agreed percentage rate between seller and agent

Explanation: The calculation is straightforward - multiply the sale price by the commission rate (expressed as a decimal).

3. Typical Commission Rates

Queensland: Typically ranges from 2.5% to 5% of sale price, often with GST added on top.
Malaysia: Usually between 2% to 3% for residential properties, sometimes with tiered rates.

4. Using the Calculator

Tips: Enter the property sale price in AUD or MYR, the agreed commission rate percentage, and select the location. All values must be valid (price > 0, rate between 0-100).

5. Frequently Asked Questions (FAQ)

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

Q2: Does this include GST (for QLD)?
A: In Queensland, GST of 10% is typically added to the commission amount. This calculator shows the base commission before GST.

Q3: Are there additional fees beyond commission?
A: There may be marketing fees, administrative costs, or other charges. Always review your agency agreement carefully.

Q4: What's the difference between QLD and Malaysia rates?
A: Malaysian rates tend to be slightly lower on average, but both markets have variable rates depending on property value and location.

Q5: How is commission split between agents?
A: The total commission is typically split between listing and buyer's agents (often 50/50), then each agency takes their cut from their agent's share.