In a nutshell it is so vendors get outstanding value when they sell their property. It really it is that simple.
We are not sure how real estate agents are able to justify some of the high real estate commissions that are currently being charged.
Is there a connection between selling price and the value of service a real estate agent provides?
When a agent is suggested by 1%+gst, the seller knows exactly how much they are going to be charged in real estate commission.