1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for their services in buying or selling property. In NSW (Australia) and Malaysia, this is typically a percentage of the final sale price negotiated between the seller and the agent.

2. How Commission is Calculated

The standard commission calculation formula is:

Where:

• Sale Price — Final property sale price in AUD (NSW) or MYR (Malaysia)
• Commission Rate — Percentage agreed with the real estate agent

3. Typical Commission Rates

NSW, Australia: Typically 1.5% to 3.5% of sale price plus GST
Malaysia: Typically 2% to 3% of sale price (negotiable)

4. Using the Calculator

Steps: Enter the property sale price, commission rate percentage, and select the region (NSW or Malaysia). The calculator will compute the total commission amount.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in NSW/Malaysia?
A: Yes, commission rates are always negotiable with your real estate agent.

Q2: Who pays the commission - buyer or seller?
A: Typically the seller pays the commission, though this may vary in special arrangements.

Q3: Does this include GST (for NSW)?
A: In NSW, GST of 10% is usually added to the commission amount (not included in this calculator).

Q4: Are there fixed-fee alternatives?
A: Some agents offer fixed-fee services, especially for lower-priced properties.

Q5: When is commission paid?
A: Commission is paid at settlement from the sale proceeds.