1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for facilitating the sale of a property. It's 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 — Final selling price of the property
• Commission Rate — Percentage agreed with the agent

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

3. Typical Commission Rates

Queensland, Australia: Typically 2.5%-5% of sale price
Canada: Typically 4%-7% of sale price (split between buying/selling agents)

4. Using the Calculator

Tips: Enter the property sale price in local currency, the agreed commission rate percentage, and select your region. The calculator will show the total commission amount.

5. Frequently Asked Questions (FAQ)

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

Q2: Who pays the commission?
A: Typically the seller pays the commission, which is deducted from the sale proceeds.

Q3: Does GST apply to commissions?
A: In Australia, GST of 10% applies to the commission. In Canada, HST/GST may apply depending on the province.

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

Q5: How is commission split between agents?
A: Typically the total commission is split between the listing and buyer's agents (often 50/50).