1. What is Real Estate Commission?

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

2. How Commission is Calculated

The standard commission calculation formula is:

Where:

• Sale Price — The final price the property sells for (in AUD)
• Commission Rate — The agreed percentage rate (typically between 2.5% and 2.7% in QLD)

3. Typical Commission Rates in QLD

Details: In Queensland, real estate commission rates typically range from 2.5% to 2.7% of the sale price, though this can vary based on:

• Property value (higher-value properties may have lower percentage rates)
• Location within Queensland
• Agency and individual agent
• Negotiation between seller and agent

4. Using the Calculator

Tips: Enter the expected or actual sale price of your property in Australian dollars and the agreed commission rate (as a percentage). The calculator will show the estimated commission amount payable.

5. Frequently Asked Questions (FAQ)

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

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

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

Q4: What's the average commission in Brisbane?
A: Brisbane rates are typically around 2.5-2.7%, though this can vary by suburb and property type.

Q5: Are there fixed-fee alternatives?
A: Some agencies offer fixed-fee services, but these may have different service levels than traditional percentage-based commission.