Asked by Wayne Auld, North Sydney • Mon Mar 3, 2008
In Australia this depends upon which state you are working in, in New South Wales the fee is unregulated Agents usually set their fee depending upon office policy, competition and demand etc...but try to avoid discounting their fee to match a competitors lower fee and to make them look inferrior.
In Queensland however, the fee is regulated and set by the Real Estate Institute of Queensland and there is essentially no difference between Agents based on fee alone. Usually in Sydney Agents charge about 2% plus GST or 2.2%. I heard in the USA it's actually much higher, about 6% ! How do you get away with or justify charging a 6% fee for selling a house?
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