Commission Formula:
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Real estate commission in Queensland is the fee paid to real estate agents for their services in selling a property. It's typically calculated as a percentage of the final sale price and is negotiable between the seller and the agent.
The standard commission calculation formula is:
Note: GST (10%) is typically added to the commission amount in Australia.
Average Rates:
Instructions: Enter the property sale price in AUD and the agreed commission rate (percentage). The calculator will show the commission amount, GST, and total payable.
Q1: Is commission negotiable in QLD?
A: Yes, commission rates are always negotiable between the seller and real estate agent.
Q2: When is commission paid?
A: Commission is typically paid at settlement from the sale proceeds.
Q3: Are there other fees besides commission?
A: There may be additional marketing fees or administrative costs - these should be outlined in your agreement with the agent.
Q4: What's the difference between inclusive and exclusive commission?
A: Inclusive means GST is included in the quoted rate, exclusive means GST is added on top.
Q5: Can I sell without paying commission?
A: Yes, through private sale or flat-fee listing services, but you won't get full agent services.