Queensland Consolidated Acts

PROPERTY OCCUPATIONS ACT 2014 - SECT 105

105 Other requirements—commission

(1) This section applies to an appointment of a property agent or resident letting agent for a service that is the sale or letting of property or the collecting of rents if commission is payable for the service and is expressed as a percentage of an estimated sale price or amount of rent to be paid or collected.

(2) The appointment must state, in writing, that the commission for the service is worked out only on—

(a) for the sale of property—the actual sale price; or

(b) for the letting of property—the actual rental for the property; or

(c) for the collecting of rents—the actual amount of rent collected.