Government to Deregulate the Queensland Real Estate Industry

The Honourable Paul Lucas, M.P. is proposing to totally deregulate the property industry in Queensland by removing the prescribed maximum fee agents can charge when selling residential property. Currently, an agent is confined to charging a maximum fee of 5% on the first $18,000 and 2.5% of the balance of the sale price, or anything under this cap which is agreed upon between the parties.

Source: http://EzineArticles.com/6455586

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