Dear tenant,
You are right that in some cases if rental amount is above a certain figure for 2 years lease, the 2 salespersons (your salesperson and landlord's salesperson) will share the commissions, nevertheless, this is not standardised and is not regulated.
We have to consider what if Landlord's salesperson is unwilling to share the service fees collected from landlord so at the end of the day what happens to your appointed salesperson? As what Wilsen has mentioned, the regulation states that the salesperson cannot dual represent both landlord and tenant, meaning collecting service fees from both, as for the rest, it will be up for negotiation between the salesperson and their respective clients.
Hope this helps. For your information, I always quote my clients that service fees is payable usually for rental of 2 years at monthly rental of $4500 and below, but will still be subjective to the landlord's salesperson.
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Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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