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Be sure to ask real estate agents what their commission and fee structures are when interviewing them. This will allow you to compare them on an even playing field and choose the best agent for you and your property.

When you sell a property, you face many fees you might not think about. Agent commissions are not regulated in Australia, and knowing the real estate agent commission and fees for your market area is important in determining the overall cost of selling your property.

The commission and fees charged by real estate agents vary, and it’s important to compare the overall cost of selling your property with different agents to ensure you’re getting the best value for money.

Commission and fees for real estate agents

It’s important to understand the difference between fees and commission and to ask your real estate agent for a clear breakdown of both. Some agents may charge a combination of fees and commission, while others may only charge commission.

Often, the more agents there are in an area, the lower the average commission rate will most likely be, due to the competition between agents. It’s also worth noting that while some agents may have lower commission rates, they may charge higher fees.

Real estate agents fee structures

Real estate agent fees can range from 0.5 per cent to one per cent of your home’s value.

An agent’s fee for selling a house is actually not tied to the sale of your property. The fees is a payment for services delivered by the real estate agent, for example, to cover the cost of advertising or marketing your property, and the cost of preparing contracts and paperwork.

Real estate agents’ fees for marketing and advertising will vary according to the amount of advertising you want to do. This is one thing you generally don’t want to skimp on. The greater the advertising reach, the greater your chances are of selling your house more quickly and for a higher price.

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Fees are usually quoted as a fixed amount or an hourly rate and are usually negotiable.

Real estate agent commission structures

Commission, on the other hand, is a percentage of the sale price of your property and is paid to the agent upon successful completion of the sale.e for their role in the sale of your property.

The commission percentage rate you pay your real estate agent is typically negotiated depending on the location and the type of property you are selling.

Real estate agent commission can start from 1.6 per cent to four per cent of the sale price, with an average rate of two per cent to 2.5 per cent across Australia.

 

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