4 Answers

Good morning,

Standard commission payable for private property will be 2% of transacted price, not inclusive of GST payable. As your seller agent is likely to split the commission with the buyer's agent, should rates are likely less negotiable.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
There is no fixed rate or standard rate. CEA only regulates that all commission payable should be agreed between both the salesperson and the prospect.

Perhaps your question is why some salesperson can upfront quote 1% while others higher, usually lies in the marketing strategy. I know of salesperson whose only medium of advertisement is through online portals like PropertyGuru or ST Property, where the marketing costs are significantly lower than salesperson who have a comprehensive marketing plan, utilising strategies and network to reach out to more prospective buyers in today's ever shrinking pool of buyers, and even towards the international market through their overseas branches to tap on foreign investors.

This could impact on the final selling price an owner can achieve, therefore it is up to the owner to decide if it is worth to pay out a higher commission in order to maximise returns.

Last but not least, motivation of a salesperson will also be greatly enhance for an assignment that promises to reward more for specific performance.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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