AskGuru Q&A Community

Join the HomerAI by Ohmyhome community and take control of your property journey! With powerful tools like home e-valuations, neighborhood insights, and DIY calculators, you'll have everything you need to make smart decisions and maximize your returns. And with our top-rated agents on your side, selling your home has never been easier or more affordable! Read More

Based on common practices in Singapore, the commission structure your agent proposed seems within the expected range, but on the higher end. Here's a breakdown:

Standard Commission Rates:

Seller pays: Typically 2% of the selling price (excluding CPF utilized)
Buyer pays (optional): 1% of the selling price
Your Situation:

Selling price: $515,000
CPF utilized: $25,000 (assumed based on commission calculation)
Agent commission on advertised price: $9,800 (2% of $490,000)
Additional commission on CPF used: $12,500 (50% of $25,000)
Total commission: $22,300 (before GST)
Is it Compliant?

Yes, the commission structure itself is compliant with standard practices. There's no regulation mandating a fixed rate; it's negotiable between you and the agent.

Is it High?

Here's why it might be considered on the higher end:

Additional commission on CPF used: This isn't the most common practice. The agent's commission is usually based on the final selling price after CPF deduction.
What can you do?

Renegotiate: You can discuss the additional commission on CPF used. Highlight that the standard practice is for commission based on the final selling price.
Compare with other agents: Get quotes from other property agents to see what commission rates they offer.
Here are some resources that might be helpful:

Property Agent Commission Market Rates for Sellers: https://www.propertyguru.com.sg/property-investment-questions/may-i-know-how-much-is-the-agent-fee-for-rental-and-selling-a-property-458481
Singapore Estate Agents Association: https://www.seaa.org.sg/
Ultimately, the decision is yours. If you're comfortable with the agent's service and the overall commission amount, you can proceed. But if you feel the commission is too high, negotiate or seek quotes from other agents.>> pm me >> i can sell for a lower commssion ！！

------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

Based on common practices in Singapore, the commission structure your agent proposed seems within the expected range, but on the higher end. Here's a breakdown:

Standard Commission Rates:

Seller pays: Typically 2% of the selling price (excluding CPF utilized)
Buyer pays (optional): 1% of the selling price
Your Situation:

Selling price: $515,000
CPF utilized: $25,000 (assumed based on commission calculation)
Agent commission on advertised price: $9,800 (2% of $490,000)
Additional commission on CPF used: $12,500 (50% of $25,000)
Total commission: $22,300 (before GST)
Is it Compliant?

Yes, the commission structure itself is compliant with standard practices. There's no regulation mandating a fixed rate; it's negotiable between you and the agent.

Is it High?

Here's why it might be considered on the higher end:

Additional commission on CPF used: This isn't the most common practice. The agent's commission is usually based on the final selling price after CPF deduction.
What can you do?

Renegotiate: You can discuss the additional commission on CPF used. Highlight that the standard practice is for commission based on the final selling price.
Compare with other agents: Get quotes from other property agents to see what commission rates they offer.
Here are some resources that might be helpful:

Property Agent Commission Market Rates for Sellers: https://www.propertyguru.com.sg/property-investment-questions/may-i-know-how-much-is-the-agent-fee-for-rental-and-selling-a-property-458481
Singapore Estate Agents Association: https://www.seaa.org.sg/
Ultimately, the decision is yours. If you're comfortable with the agent's service and the overall commission amount, you can proceed. But if you feel the commission is too high, negotiate or seek quotes from other agents.>> pm me >> i can sell for a lower commssion ！！

------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

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

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
(1) "If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
=========
(4A)✅✅ For the Below Condominium that may Achieve TOP ( Temporary Occupation Permit / Relatively New Condominium which may faced Difficulties/ Challenges to rent / sell at your Expected Pricing as facing too many neighbour’s units competing to Sell / Rent Out ,...
(4B)✅ ✅ ✅ I am okays NOT TO be the Sole Exclusive Agent , but the “ Open Listing “, additional pair of hands to help you bring the matching buyer / tenant . “ May the Hardworking + Lucky agent close the Deal !!, ( Whether it’s me or another agent ,✅✅✅ I will still be HAPPY FOR THE OWNER !! ✅✅My advantage is : I myself , have a Small Team of Agents who will work together with me to cast a wider Marketing Nets to Reach Your Goal !!!
Below is a list for reference >> see if YOUR CONDOMINIUM IS BEING MENTIONED:
(4C)✅ ✅ ✅
(1) Affinity At Serangoon, (2) Canninghill Square, (3) Dairy Farm Residences
(4) Forett at Bukit Timah, (5) KI Residences At Brookvale, (6) Kent Ridge Hill Residences
(7) Leedon Green, (8) Lavender Residence, (9) Meyer Mansion
(10) MeyerHouse, (11) Midwood, (12) M Suites
(13) NoMa, (14) One-North Eden, (15) One Pearl Bank
(16) Phoenix Residences, (17) Riviere, (18) Riverfront Residences
(19) Tedge, (20) The Atelier, (21) The Iveria
(22) Verticus, (23) Zyanya, (24) Mayfair Gardens

(5A) ✅ ✅ >> FOR NEW CONDOMINIUM IN
✅ ✅ YEAR 2025 / APARTMENT PROJECTS In Singapore
(5B) ✅ ✅ the LIST :
(1) Arina East Residences, (2) Aurea, (3) Aurelle of Tampines (EC)
(4) Bagnall Haus (former Bagnall Court), (5) Bukit Timah and Duke's Road, (6) ELTA
(7) Former Anson Centre, (8) Former Robertson Walk, (9) Keppel Bay Plot 6
(10) Lentor Central Residences, (11) Marina Gardens Lane, (12) Media Circle GLS
(13) Newport Residences, (14) Orchard Boulevard GLS, (15) Parktown Residence
(16) Plantation Close (EC) (2), (17) The Orie, (18) W Residences Singapore- Marina View
***(5C) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Read More