1. What is Real Estate Commission?

Real estate commission is the fee paid to real estate agents for their services in selling a property. In New South Wales, this is typically a percentage of the final sale price and is negotiable between the seller and the agent.

2. How Commission is Calculated in NSW

The standard commission formula is:

Where:

• Sale Price — The final selling price of the property in AUD
• Commission Rate — The agreed percentage rate (typically 2.17% in NSW)

3. Typical Commission Rates in NSW

Details: Commission rates in NSW average around 2.17% but can vary based on:

• Property value (higher-value properties often have lower percentage rates)
• Location within NSW
• Agent experience and services provided
• Market conditions

4. Using the Calculator

Tips: Enter the sale price in AUD and the commission rate as a percentage (e.g., 2.17 for 2.17%). The calculator will show the estimated commission payable.

5. Frequently Asked Questions (FAQ)

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

Q2: Are there additional fees besides commission?
A: Yes, there may be marketing costs, administrative fees, and GST on top of the commission.

Q3: What's the difference between inclusive and exclusive commission?
A: Inclusive commission includes GST, while exclusive commission doesn't (GST is added separately).

Q4: When is commission paid?
A: Commission is typically paid at settlement from the sale proceeds.

Q5: Can I sell without paying commission?
A: Yes, through private sale, but you'll need to handle all aspects of the sale yourself.