Agent

What is an agent?

An agent is someone licensed to help people buy, sell, or rent properties. They act as a middleman between buyers and sellers, guiding clients through the process, showing properties, negotiating deals, and handling paperwork. Agents can work for sellers (listing agents) or buyers (buyer's agents), aiming to achieve the best outcomes for their clients in the transaction.

How much commission do real estate agents charge?

Real estate agents usually charge a percentage of the property's sale price as their commission. 

In Australia, this percentage can vary, with the average ranging anywhere between 1%-3.6%. However, rates can differ based on your location and the agreement set between the seller and the agent.

Here’s how much you could expect to pay in your state:

• NSW: 1.14% - 3.47%
• VIC: 1.1% - 3.3%
• QLD: 1.93% - 3.66%
• WA: 1.74% - 3.72%
• SA: 1.47% - 3.61%
• NT: 2.52% - 3.31%
• ACT: 1.44% - 2.36%

Are real estate agents worth it?

Using a real estate agent can come with an array of added benefits that can definitely make it worth your money. These include:

• Expertise: agents bring market knowledge, negotiation skills, and experience.
• Wider reach: they have access to broader networks and marketing resources.
• Guidance: they guide you through complex processes like paperwork and legalities.
• Time saving: agents handle property showings, vetting buyers, and other tasks.
• Better deals: their negotiation skills often lead to better terms and prices.