Century 21 Australia believes that the Queensland Government’s move to deregulate real estate commissions will lead to a fairer commission negotiation system for both vendors and agents.
“The selling process and the amount of work involved differ from property to property. The deregulation of commissions should allow Queensland real estate agents and their clients to jointly arrive at a reasonable fee that is directly related to the property being sold,” said Chairman and Owner of Century 21 Australia, Charles Tarbey.
Under the current system, real estate commissions are capped by the Government at a maximum of five per cent of the first $18,000 of the sale price, with an additional 2.5 per cent of the sale price.
“This move to deregulate should have positive results for the real estate industry,” continued Charles Tarbey.
“Giving both vendor and agent the power of negotiation has the potential to allow agents to become more competitive and could give them the opportunity to provide clients with services that are better tailored to their particular property,” concluded Charles Tarbey.
According to Queensland Deputy Premier Paul Lucas who announced the decision, the deregulation process will see consumer groups consulted to ensure the resulting outcome is fair and transparent.
MOVE TO DEREGULATE REAL ESTATE COMMISSIONS A GOOD OUTCOME FOR BOTH SELLERS AND AGENTS
