1. What is Real Estate Commission?

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

2. How Commission is Calculated

The standard commission formula is:

Where:

• Sale Price — Final selling price of the property in AUD
• Commission Rate — Percentage agreed with the agent (typically 2.45-2.72% in QLD)

Example: For a $500,000 property at 2.5% commission: $500,000 × 0.025 = $12,500 commission.

3. Typical Commission Rates in QLD

Details: In Queensland, commission rates typically range from 2.45% to 2.72% of the sale price, though this can vary based on:

• Property value (higher-value properties may have lower percentage rates)
• Agent experience and services provided
• Market conditions
• Negotiation between seller and agent

4. Using the Calculator

Tips: Enter the property sale price in AUD and the agreed commission rate as a percentage (e.g., 2.5 for 2.5%). The calculator will show the commission amount payable to the agent.

5. Frequently Asked Questions (FAQ)

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

Q2: Are there additional fees besides commission?
A: There may be marketing fees, administrative costs, or auctioneer fees - these should be outlined in your agreement with the agent.

Q3: Is GST included in commission?
A: No, GST of 10% is added to the commission amount, so the total payable would be commission × 1.10.

Q4: What's the average commission in Brisbane?
A: Brisbane commissions average around 2.5-2.6% for properties under $1 million.

Q5: Do I pay commission if my property doesn't sell?
A: Typically no, unless you've agreed to certain terms in your contract with the agent.