1. What is Real Estate Commission?

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

2. How Commission is Calculated

The standard commission formula is:

Where:

• Sale Price - Final property sale amount
• Commission Rate - Agreed percentage (typically 2-3%)

3. Typical Commission Rates

Queensland, Australia: Typically 2.45-2.72% (plus GST) for properties under $1 million. Rates may decrease slightly for higher-value properties.

Malaysia: Typically 2-3% of the property price, though rates are negotiable and may vary by region and property type.

4. Using This Calculator

Instructions: Enter the property sale price, commission rate percentage, and select your location. The calculator will compute the agent's commission.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable?
A: Yes, commission rates are always negotiable between seller and agent.

Q2: Who pays the commission?
A: Typically the seller pays the commission from the sale proceeds.

Q3: Are there additional fees?
A: In QLD, GST (10%) is added to commission. Marketing fees may apply separately.

Q4: What's the average commission in Brisbane?
A: Around 2.5% for residential properties under $1 million.

Q5: How does commission work for rental properties?
A: This calculator is for sales. Rental commissions typically equal 1-2 weeks rent plus GST.