1. What is Sales Commission?

Sales commission is a payment made to an agent or salesperson for services in facilitating a transaction, typically calculated as a percentage of the sale price. In Queensland real estate, commissions are negotiable between the agent and client.

2. How Commission is Calculated

The standard commission formula is:

Where:

• Sales Amount — The total sale price of the property or item
• Commission Rate — The agreed percentage rate (typically 2.45-2.72% for QLD real estate)

3. Queensland Commission Rates

Details: In Queensland, real estate commission rates are typically:

• 2.5% on the first $300,000
• 2.0% on the remaining amount (for properties over $300,000)

However, rates are negotiable and may vary by agency and property value.

4. Using the Calculator

Tips: Enter the total sale amount in AUD and the commission rate as a percentage. The calculator will compute the total commission payable.

5. Frequently Asked Questions (FAQ)

Q1: Are commission rates fixed in Queensland?
A: No, commission rates are negotiable between the agent and seller. There is no fixed rate set by law.

Q2: Is GST included in commission rates?
A: Commission rates are typically quoted exclusive of GST. GST of 10% is added to the commission amount.

Q3: What's the average commission rate in Queensland?
A: For residential properties, average rates range from 2.45% to 2.72%, often with tiered structures.

Q4: Are there additional fees besides commission?
A: Yes, there may be marketing costs, administrative fees, and other disbursements in addition to commission.

Q5: Can I negotiate commission rates?
A: Absolutely. Commission rates are always negotiable. It's recommended to compare rates from multiple agents.