1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for their services in selling a property. In Queensland, this is typically a percentage of the final sale price, negotiated between the seller and agent before listing the property.

2. How Commission is Calculated in QLD

The standard commission formula in Queensland is:

Where:

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

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

3. Typical Commission Rates in Queensland

Details: In Queensland, commission rates typically range between 2.45% and 2.72% of the sale price, though this can vary based on:

• Property value (higher-value properties may have lower rates)
• Location within QLD
• Agent experience and services included
• Market conditions

4. Using the Calculator

Tips: Enter the expected sale price of your property and the commission rate you've been quoted. The calculator will show the estimated commission amount in Australian dollars.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in Queensland?
A: Yes, commission rates are always negotiable. It's recommended to compare rates from multiple agents.

Q2: Are there additional fees besides commission?
A: There may be marketing fees, administrative costs, or auctioneer fees. Always ask for a full breakdown of costs.

Q3: When is commission paid?
A: Commission is typically deducted from the sale proceeds at settlement.

Q4: What's the average commission in Brisbane?
A: Brisbane commissions average around 2.5-2.6%, slightly lower than regional QLD averages.

Q5: Can I sell without paying commission?
A: Yes, through private sales or flat-fee agents, but you'll handle all aspects of the sale yourself.