1. What is Real Estate Commission?

Real estate commission is the fee paid to the real estate agent or agency for their services in selling a property. In Queensland, this is typically calculated as a percentage of the final sale price and is subject to GST.

2. How Commission is Calculated in QLD

The standard commission calculation formula is:

Important Notes:

• Commission rates are negotiable between the seller and agent
• GST (10%) is added to the commission amount
• Some agents may charge additional marketing fees

3. Typical Commission Rates in Queensland

Standard Rates: In Queensland, commission rates typically range from 2.45% to 2.72% of the sale price plus GST for properties under $500,000. Rates may be lower for higher-value properties.

Example: For a $500,000 property at 2.5% commission:

• Commission: $12,500
• GST: $1,250
• Total Payable: $13,750

4. Using the Calculator

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.

5. Frequently Asked Questions (FAQ)

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

Q2: When is commission paid?
A: Commission is paid at settlement, deducted from the sale proceeds.

Q3: Are there fixed-fee alternatives?
A: Some agents offer fixed-fee services, but these may include fewer services than full commission agreements.

Q4: Does the commission rate change with property value?
A: Often yes - higher value properties may attract lower percentage rates.

Q5: What's included in the commission?
A: Typically includes marketing, inspections, negotiations, and paperwork, but confirm with your agent.