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I am going to engage an agent to help me buy a resale HDB flat. Is the usual commission at 1% of purchase price? Do I still need to pay this buyer agent's commission if I decides not to exercise the option to purchase at the end of the option period?
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5 Answers

Dear sir/madam,

Did you sign any estate agency agreement with your agent in the first place? If yes, did you read through the estate agency agreement signed? It is stated in the estate agency agreement that is prescribed by the Council of Estate Agencies (CEA) under the Estate Agents Act 2010, under clause 4B that the Buyer shall have no obligation to pay any commission to the Estate Agent if completion of the Property transaction falls through without fault on the part of the Buyer. In this case, only if seller backs out or the resale transaction is not approved by the authorities, then commission is not applicable. Also under clause 4C, which is applicable in HDB purchase.

At the end of the day, it is important to understand the clauses and read through the documents before signing anything.

I have been in the real estate business since 2009, with more than 12 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
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  • LC
    Thank you very much for your detailed explanation Geryl. Will keep you in mind when I start my search. Best Regards, LC
Hi,

1) It is up to your own decision whether want to buy this unit at the end of the day.
2) A buyer agent will only get his/her commission till they assist you to buy your dream home.
3) So to answer your question, you do not need to pay any commission if you do not want to buy this unit.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
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  • LC
    Hi Ling, thanks for your explanation and clear answer. Will bear you in mind when I start my search. Cheers ! LC
Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, if a buyer back out from exercising the OTP, then no commission is payable to the agent.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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  • LC
    Thanks Aaron for your answer. Much appreciated. Will bear you in mind when I start my search!
    Cheers, LC
Appreciate your sharing, in order to help you better can I know you are looking at which area?
You only pay comission upon HDB completion.
Welcome any questions at 9696 4398  via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More
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  • Stewart Lim
    Welcome any questions and looking forward to serve you soon.
  • LC
    Hi Stewart, thanks thanks for your answer. Appreciate it. Will bear you in mind when I start my search. Cheers ! LC
Robbie Chen Chee Howe
Hi,

Commission is only payable upon the completion of your purchase, when the agent successfully assisted you to purchase your property.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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
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