1. What is Real Estate Commission?

The Queensland-style real estate commission in Malaysia is a percentage-based fee paid to agents upon successful property sale. This calculator helps estimate the commission based on the sale price and agreed commission rate.

2. How Does the Calculator Work?

The calculator uses the commission formula:

Where:

• Sale Price — Property selling price in Malaysian Ringgit (MYR)
• Commission Rate — Agreed percentage rate between agent and seller

Explanation: The calculation is straightforward - multiply the sale price by the commission rate (expressed as a decimal).

3. Importance of Commission Calculation

Details: Understanding potential commission costs helps sellers budget effectively and negotiate fair rates with real estate agents.

4. Using the Calculator

Tips: Enter the expected sale price in MYR and the agreed commission rate as a percentage. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's the typical commission rate in Malaysia?
A: Rates typically range from 2-3% of the sale price, but can vary based on property value and agent agreement.

Q2: Is GST included in this calculation?
A: No, this calculates the base commission only. GST (6% in Malaysia) would be additional if applicable.

Q3: Are there different commission structures?
A: Some agents use tiered rates (e.g., lower percentage for higher-value properties) or flat fees for very expensive properties.

Q4: When is commission paid?
A: Typically upon successful completion of the sale, deducted from the sale proceeds.

Q5: Can commission rates be negotiated?
A: Yes, commission rates are generally negotiable between the seller and the real estate agent.