REA Commission rate to sell in SEQ

Hi Jambv,

The long-standing rate is 5% for the first $18k, and 2.5% thereafter. So, add $18k to the price, and take 2.5% of the resulting total, and you get $9,200 as the REA commission.

Though this was the Maximum Rate when introduced, it quickly became the de facto “standard” rate, with very few accepting a lower commission (I have heard of the odd ones – e.g. Gecko – who will accept a lower rate).

Benny

PS I haven’t heard of any recent changes, but always prepared to hear from others who are “in the know”.

@jambv Did a quick google search and came across the following which I found interesting and you may as well :)

Queensland (QLD) Real Estate Fees, Agents Fees, Real Estate Commission

Caution… it’s not what the agents charge you at the start that is important, it’s what they cost you if you use the wrong one! The official line from the Queensland Government is…. The law no longer caps the amount of commission an agent can charge for residential or rural property transactions this commenced on 1 December 2014. The deregulated system means you are more likely be able to negotiate with agents about their commission. This is the ‘official’ line. Compare the agents for your suburb including their commission and marketing costs COMPARE AGENTS…

• This reply was modified 8 years, 2 months ago by  Colin Rice.