Asked by
Hello Gurus, I'm selling my 4rm HDB in Bukit Batok and wondering about the commission for my agent.

If it's one agent handling the buying & selling, will he be getting commission from both buyers & sellers? If so, what is considered a reasonable % for each party to pay??

Hypothetically, if I'm selling my place @ 400K, what is considered a reasonable amount for the commission? My agent said 2% but I feel it's a bit too much.

Any advise appreciated! Thank you!
0
356 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Hi, nope your agent can only collect commission from you only. It is deem as a serious offence if your agent is caught collecting commission from both sides.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi,

The agent is only allowed to collect commission from the party whose interest he/she is representing. More importantly seller should try to maximize exposure to increase chances of better price rather than focus on minimizing the commission costs.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng Realtor ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More
0
Robbie Chen Chee Howe
Hi,

CEA states that Agent can only collect the commission from one party, the one he's representing for the transaction. Agent caught dual-representing (collecting both side's commission) would be punished heavily.

Agents commission is negotiable and can be discussed. I suggest you should work out a sum that is comfortable for both parties to achieve a win-win situation.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0
YT Tan (陈永达)
Good evening seller,

a real estate salesperson is only allowed to collect remuneration for his hardwork from either buyer or seller. He cant collect from both parties.

Dual representation will have serious consequences.

Hope my sharing aids in clearing your doubts.

By the way, I use creative marketing like facebook marketing to find the right buyer at the fastest time for my clients.

Hope I am able to provide the same results to you too if my help is needed.

1) https://www.facebook.com/yttanassetprogressor/videos/2036107146634992/

2) https://www.facebook.com/yttanassetprogressor/videos/2061469157432124/

3) https://www.facebook.com/yttanassetprogressor/videos/329651747591222/

4) https://www.facebook.com/yttanassetprogressor/videos/170935570518430/

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Top Individual Producer July 2018 (Propnex)
Top Individual Producer 2nd Quarter 2018 (Propnex)
Top Individual Producer 1st Quarter 2018 (Propnex)
Top Individual Producer Propnex Annual Convention 2018 (Propnex)
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Individual Producer 2nd Quarter 2017 (Propnex) Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions