Real estate commission NZ: what to expect + tips on negotiating

Understanding real estate commission is crucial for sellers. Fees are typically a tiered percentage (2.95%-3.95% on the first ~$500k, then 2%-2.5% above that), plus 15% GST.

Importantly, all fees are 100% negotiable. You can ask for a lower rate or have marketing costs credited back. Budget for extra costs not covered by commission, like marketing (~$2,000+) and auctioneer fees (~$900).

Remember, a better agent may charge more but achieve a higher sale price.