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.
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/
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
Another 2 exciting international projects awaits our dear investors.
1) El Tesoro, Houston: Already 70% sold with 100% tenancy. Minimum 8.5% yield. 3-4 bedrooms freehold apartments.
2) Parker Street, Liverpool: Studio or 1 bedroom apartment. Guranteed 6% net yield for 5 years. Located in the heart of Liverpool City Centre.
Interested to own one in each project? Get in touch with us to find out more. Get your friends along too!
call eric lee OT