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real estate commission queensland calculator australia

Commission Formula:

\[ \text{Commission} = \text{Sale Price} \times \frac{\text{Commission Rate}}{100} \]

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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 Queensland, this is typically a percentage of the final sale price, negotiated between the seller and the agent before listing the property.

2. How Commission is Calculated in QLD

The standard commission calculation in Queensland:

\[ \text{Commission} = \text{Sale Price} \times \frac{\text{Commission Rate}}{100} \]

Where:

Note: Some agents may use tiered commission structures (different rates for different price brackets) or flat fees plus percentages.

3. Typical Commission Rates in Queensland

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:

4. Using the Calculator

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.

5. Frequently Asked Questions (FAQ)

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.

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