Builder-broker · Payment

How do builder brokers get paid? A plain-English guide for Victoria

Short answer

Builder brokers are often paid by the builder you choose. Some charge you a fee instead, and some do both. There's no single model, so it's always worth asking.

Turnkey Building Group (TKBG) is paid by the builder, as a share of the builder's margin. You don't pay TKBG a fee, so the service costs you nothing extra.

Whoever you use in Victoria, ask three questions before you commit. Who pays you? Does that affect which builders you show me? Will using you change my price? Get the answers in writing, then have your contract checked before you sign. A builder broker in Melbourne is paid the same way as one working anywhere in Victoria. For going direct instead, see builder broker or go direct.

Questions

Frequently asked questions

01 Is a builder broker free?

It depends on the broker. Some are paid by the builder, so you don't pay them directly. Others charge you a fee. TKBG is paid by the builder, so its service costs you nothing extra. Ask any broker to confirm how they're paid in writing.

02 How is TKBG paid?

TKBG is paid by the builder you choose, as a share of the builder's margin. You don't pay TKBG a fee, so the service costs you nothing extra. TKBG works with over 35 builders across Victoria.

03 Does using a builder broker increase the price?

It shouldn't, but check rather than assume. With TKBG, the builder pays from its own margin, so the service costs you nothing extra. With any broker, ask in writing whether using them changes your price or adds a fee.

04 Does being paid by builders affect a broker's advice?

It can, so ask. A builder-paid broker only earns when you build with one of the builders they work with. Ask which builders they work with, how they choose which ones to show you, and why they're recommending a particular one.

05 Do brokers have to tell me how they're paid?

Don't wait to be told. Ask. The simplest protection is to have any broker put how they're paid in writing before you commit.

06 Should I ask for the commission amount?

You can, but the basics matter more. Find out who pays the broker, whether you pay anything, whether it changes your price, and whether they're tied to one builder or compare several.

07 What should I get in writing from a builder broker?

Who pays them, whether you'll pay any fee, what their service includes, and which builders they work with. Then check the builder yourself and get independent legal and finance advice before you sign.

Next step

Compare builders with TKBG, at no extra cost to you

Questions? Email info@tkbg.com.au

Start at offer.tkbg.com.au →

Questions? Email info@tkbg.com.au