What commission fee do the big Auckland real estate agencies charge?
Traditional real estate agencies charge 4% on the first $400,000 of the sale price and then an additional 2% on the remainder. An admin fee of around $500 and GST are then applied on top.
Commission fees in the big Auckland real estate agencies are a hangover from the days when sale prices were a fraction of today’s figures. These days however, they’re out of whack with the current market.
How can we afford a smaller commission fee?
We’re an independent agency so we don’t pay franchise fees and we use cloud based software to reduce overheads.