1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for their services in facilitating property sales. In Queensland (Australia) and Pakistan, 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
• \( Commission\ Rate \) — Agreed percentage rate

3. Typical Commission Rates

Queensland, Australia: Typically 2-3% of sale price + GST
Pakistan: Typically 1-2% of sale price
Rates may vary based on property value, location, and agent agreement.

4. Using the Calculator

Instructions: Enter the property sale price, commission rate percentage, and select your currency (AUD for Australia, PKR for Pakistan).

5. Frequently Asked Questions (FAQ)

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

Q2: Who pays the commission?
A: In most cases, the seller pays the commission from the sale proceeds.

Q3: Are there additional fees?
A: In Australia, GST (10%) is added to the commission. Marketing and other fees may apply separately.

Q4: How does commission compare between QLD and Pakistan?
A: Queensland rates are typically higher (2-3%) compared to Pakistan (1-2%) due to market differences.

Q5: Is commission tax deductible?
A: For sellers, commission is typically deducted from capital gains. Consult a tax professional for advice.