1. What is Real Estate Commission?

Real estate commission is the fee paid to real estate agents for their services in facilitating the sale or purchase of property. The commission is typically a percentage of the final sale price and is negotiated between the seller and the agent.

2. How Commission is Calculated

The calculator uses the standard commission formula:

Where:

• Sale Price — The final selling price of the property
• Commission Rate — The agreed percentage rate between seller and agent

3. Typical Commission Rates

NSW, Australia: Typically ranges from 1.5% to 3.5% of the sale price, often with a minimum fee.
India: Usually between 1% to 2% of the property value, though rates can vary by city and property type.

4. Using the Calculator

Instructions: Enter the property sale price, commission rate percentage, and select your region (NSW or India). The calculator will show the commission amount in the appropriate currency.

5. Frequently Asked Questions (FAQ)

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

Q2: Does the buyer pay commission?
A: Typically no - in both NSW and India, commission is usually paid by the seller from the sale proceeds.

Q3: Are there GST implications?
A: In NSW, GST of 10% is added to the commission. In India, GST of 18% applies to brokerage services.

Q4: What's included in the commission?
A: Commission generally covers marketing, property inspections, negotiations, and paperwork handling.

Q5: Are there fixed-fee alternatives?
A: Some agents offer flat-fee services, especially for lower-priced properties or in competitive markets.