1. What is Real Estate Commission?

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

2. How Commission is Calculated

The standard commission formula is:

Where:

• \( Sale\ Price \) — Final property sale price
• \( Commission\ Rate \) — Agreed percentage rate (typically 2-5%)

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

3. Typical Commission Rates

Queensland, Australia: Typically 2.5-3.5% of the first $18,000 plus 1-2% of the remaining amount
India: Usually 1-3% of the sale price, sometimes with a minimum fixed amount

4. Using the Calculator

Instructions: Enter the property sale price, commission rate percentage, and select your region to calculate the estimated commission payable to the real estate agent.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in QLD/India?
A: Yes, commission rates are always negotiable. It's recommended to compare rates from multiple agents.

Q2: Who pays the commission - buyer or seller?
A: Typically the seller pays the commission, though this can vary in some transactions.

Q3: Does GST apply to commissions?
A: In Australia, GST (10%) applies to commissions. In India, GST (18%) applies to brokerage services.

Q4: Are there additional fees beyond commission?
A: There may be marketing fees, administrative costs, or other charges - always ask for a full fee breakdown.

Q5: How does commission compare between QLD and India?
A: Indian rates are generally lower (1-3%) compared to QLD (2-5%), but absolute amounts depend on property values.