I have a property I have sold settling tomorrow. Only problem is the clause in the contract regarding commission payable is very ambiguous.
It states "the agents selling fee inclusive of GST will be 2% plus GST of the total selling price of the property for example if the total selling price is $435,000 the fee charged will be $7,700.00 GST inclusive".
I would appreciate feedback on what the commission payable should be. By the way how they got the $7,700.00 GST inclusive figure on a $435,000 sale price is beyond me.
The property actually sold for $418,500.
It states "the agents selling fee inclusive of GST will be 2% plus GST of the total selling price of the property for example if the total selling price is $435,000 the fee charged will be $7,700.00 GST inclusive".
I would appreciate feedback on what the commission payable should be. By the way how they got the $7,700.00 GST inclusive figure on a $435,000 sale price is beyond me.
The property actually sold for $418,500.
How Much Commission To Agent
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