Selling guide
Paying agent commissions
A real estate agent earns their keep through commissions rather than a fixed fee.
AI summary
When selling your home, expect to pay an agent's commission, which the Real Estate Authority (REA) requires to be clearly estimated. Common structures include a tiered system (e.g., 3% on the first $400k, 2% on the balance) or a flat fee, typically paid from the buyer's deposit.
Experts advise choosing an agent based on skill over a low fee to achieve the best sale price. Also budget for extra costs like Vendor Paid Advertising (VPA), which are often non-refundable.
How much commission do real estate agents take?
Different agencies have different approaches to agent commission.
You get what you pay for
Commission won't be the only cost
Make sure you understand the additional costs on top of commisison.
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