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Hi Gurus,
I got a situation here, hope you can advise me. Is there a LAW in Singapore that say that seller MUST pay seller's agent 1% commission? What if the agent's service is really so bad? Still I must give 1%? Can I give less than 1%? Will I be sued? Thanks.
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1 Answer

Clinton Lim
Replied
Hi Candy,
Since you made no agreement, there's nothing that is binding you to this agent but if he's the one.

For the record, if you're actually intending to buy a condo for yourself. You need not pay your agent any commission. Your agent will have a share with the seller's agent.

If you're the seller, you'll be the one paying the amount agreed upon between you and the agent. The usual market practice is around 1-2% but like i mentioned, it's always flexible.

Like Ray suggested, you should actually have a talk with him before doing anything like reducing the commission agreed upon at first. Otherwise, you can make a formal complaint to his/her agency.

Should you have any more enquries Candy, please feel free to drop me an email at clintonlimzj@hotmail.com

I can also be reached at 94523347  .
Have a nice day Candy. Read More
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