Commission fees for real estate agents – FBC News

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Commission fees for real estate agents will not exceed 3% for any property of $1.5 million or less.

Economy Minister Aiyaz Sayed-Khaiyum said there had been serious problems with price gouging in the property market and cases of collusion.

He adds that this drives up the prices of the houses that Fijians look forward to buying every day.

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Sayed-Khaiyum says they’ve seen commission rates as high as eight percent.


“Nowadays, as we know, a real estate agent can just take a picture of your house on their phone and put it on Facebook. The cost of their advertising is practically zero. Then they come and claim 8% from the person at who they sold the house, or 5% or 3%”.

Sayed-Khaiyum says this is driving up property prices in the country and ordinary Fijians are paying the price.

He adds that there is a general consensus among stakeholders such as the Estate Agents and Licensing Commission, property developers, architects and engineers to regulate commission rates.

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