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.
Tenants can visit http://bit.ly/ExpatsRent (Singapore Official Page - Expatriate Rental Profiling) to indicate your rental requirements.
Claim your free home report today at http://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
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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