1. What is Queensland Real Estate Commission?

The Queensland real estate commission structure is a tiered system where agents charge 5% on the first $18,000 of the sale price and 10% on the remaining amount. This structure is standard for many Queensland real estate transactions.

2. How Does the Calculator Work?

The calculator uses the Queensland commission formula:

Where:

• \( Sale\ Price \) — The property sale price in AUD
• 5% — Commission rate for first $18,000
• 10% — Commission rate for amount above $18,000
• $900 — Maximum commission on first tier (5% of $18,000)

Explanation: The tiered structure means higher-value properties have a lower effective commission rate overall.

3. Importance of Commission Calculation

Details: Understanding commission costs helps sellers budget for property sales and compare agent fees. It's essential for financial planning when selling property in Queensland.

4. Using the Calculator

Tips: Enter the expected sale price in AUD. The calculator will automatically apply the tiered commission structure used in Queensland.

5. Frequently Asked Questions (FAQ)

Q1: Is this commission rate fixed by law?
A: No, this is a common structure but commissions are negotiable between seller and agent.

Q2: Are there additional fees beyond commission?
A: Yes, there may be marketing costs, administrative fees, and GST on the commission.

Q3: Do all Queensland agents use this structure?
A: Many do, but some may offer flat rates or different tier structures - always check your agreement.

Q4: How does this compare to other states?
A: Commission structures vary by state, with some using percentage-only models without tiers.

Q5: Can I negotiate a lower commission rate?
A: Yes, especially for high-value properties where the agent's absolute commission would still be substantial.