Commission Formula:
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Real estate commission is the fee paid to real estate agents for their services in selling a property. In Queensland, this is typically a percentage of the final sale price, negotiated between the seller and the agent before listing the property.
The standard commission calculation in Queensland:
Where:
Note: Some agents may use tiered commission structures (different rates for different price brackets) or flat fees plus percentages.
Current Rates: As of 2024, typical commission rates in Queensland range from 2% to 3.5% of the sale price, plus GST. Rates vary based on:
Instructions: Enter the property sale price in AUD and the agreed commission rate as a percentage. The calculator will show the commission amount payable to the agent.
Q1: Is commission negotiable in Queensland?
A: Yes, commission rates are always negotiable between the seller and the real estate agent.
Q2: Does the commission include GST?
A: No, GST of 10% is typically added to the commission amount. Our calculator shows pre-GST amounts.
Q3: Are there fixed-fee alternatives?
A: Some discount agents offer fixed-fee services, but traditional percentage-based commission remains most common.
Q4: When is commission paid?
A: Commission is deducted from the sale proceeds at settlement, paid directly to the agent's trust account.
Q5: What's included in the commission?
A: Typically covers marketing costs, agent services, open homes, negotiations, and sale administration.