Real Estate Commission Northern Territory

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A tiered real estate commission structure is standard with the sale of costly or large properties.

The commission paid depends on the region, the suburb where the property is located and the property's price. Real estate commissions are not fixed; they can range from 1.6% to 4%. So let's say an average of $10,000 to $12,500 commission when they sell a property of $500,000.

What is the average commission paid to real estate agents?

Real estate agent commission fees vary. Some agents add up the advertising and marketing fees to the quote, others prefer the tiered or sliding-scale commission; in this structure, they charge, say 2% on the first $860,000, and any property which cost above that figure attracts 5%.

The tiered real estate commission structure is standard with the sales of costly properties. Due to the downturn in mining, the prices of properties in Darwin recently dropped, leading to lower real estate fees. It is fantastic news for buyers and not-so-good news for people who are looking to sell a property quickly.

Can I negotiate a real estate agent commission?

If you find the right real estate agent to market your property, they should be able to advise you on how to compare the average sales costs depending on the property type you are selling.

It is advisable to compare and bargain the commission fees with the real estate agent. Remember they do an excellent job by helping you sell your property. It is more professional to carry out all negotiations with the real estate agent before the buyer makes any payment.