Commission Calculator
To calculate the common commission of a presales property:
- The first $100,000 commission calculates based on 7%.
- Seller pays 2.5% commission for the remaining balance of a property price.
- Also, 5% as a GST amount should be considered to be paid to the Presales Realtor® by the seller.
For example: let’s assume the sales price of a property is $1,000,000. So for the first $100,000 commission of 7% is $7,000 and for the remaining balance of $9,000,000 commission calculated as 2.5% which is going to be $22,500. So in total the amount of $29,500 is realtors’ commission and adding 5% GST to this commission, Realtors will receive $30,975 from Developers as a commission fee of the sales transaction.