Asked by
I have a question about engaging an agent to help source for private property. I understand that my agent will share the commission with the seller's agent, and it is based on the selling price.

In that case, isn't there a conflict of interest? What is my agent's motivation to help me negotiate a lower price since they will get lesser commission?
0
362 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

8 Answers

Hi do contact me 97970200  or ngsiewwhye@gmail.com to discuss more

Mark, your RIGHT choice
MCG Read More
0
Hi, having an agent to assist you as a buyer will further enhance your knowledge as to why certain property is a good buy while some are not at all. As we have the latest apps and data to back up our reasoning. So this will save you much time and hassle just by going around and to arrange viewing all by yourself.

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

As simply put , as much as it is a profession to me , it is a craft as well. A craft where a clients interest comes first. When you are happy , I am motivated to work even harder for you to get you the best price. It is not always about the commission but about the relationship and future association we will share. Chances are helping you achieve the best price possible will value add my craft when I receive good accolades. All these are factors in building our clients portfolio , not just money.

I have helped many range of clients attain their dream home at the best possible price and will be Glad to assist you in any way possible. Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

#1 team of ERA in Singapore, Asia Pacific and international for 2014.

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Overall Top Achievers
2014 Aug/Sept/Dec ERA Top Achievers
2014 3rd Quarter ERA Top Achievers Read More
0
Robbie Chen Chee Howe
Hi,

I think you should not worry too much about engaging an agent to act on your behalf. You should however look at the benefits a good agent can bring to you.

Imagine a property worth $2m, and if a good agent can get you $100k savings to close for you at $1.9m, his difference in commission is only a measly $1000 if the Seller pays 2% to be shared among the agents.

A good agent will act on your behalf to save you this $100k, and sacrifice just $1000 of his total commission. That is on top of the work that he has to do by understand your needs and requirements, and then shortlisting suitable units for you.

For me, I'm looking to build a long-term relationship with all my clients. Sacrificing $1000 in commission is nothing to me, as I strongly believe that if I serve my clients' interest at heart, they will be more than willing to refer their their friends and relatives to me. Trust, Integrity and Friendship, these are not something money can buy!

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
Dear Sir/Mdm,

A good and trustworthy salesperson will do his or her best to negotiate the best deal for you. I will strive to win my clients' trust and develop a long term working relationship with my clients and not put my clients interests at risk just for an extra bit of commission.

It is advisable to engage someone whom you can trust so that he or she can fight for your best interest in the transaction. If you need any assistance, please feel free to contact me! Good luck with the hunt for a property!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
0
Dear friend,

Fellow agents have already reflected their views.
All are right and valid.

You have missed out a very important point.

Seller pays a comm to his agent, who shares with Buyer's agent.

You as buyer, pays nothing.

If you are doubting your agent (as there is no motivation for him), you can go straight to the seller's agent and deal directly with him.

As the law requires, agent can only represent 1 party.
He must look out for the interests of his client (seller in this case).
If you are not represented, who will look out for you?

We are professionals. We know the laws and procedures in Sales and Purchase, Renting and leasing. We know what to look out for, where to be extra careful, where to and how to fight for you.

I just closed a rental transaction, representing the Tenant. I get my comm from SHARING with the Landlord's agent.

Despite knowing that my client has a corporate rental budget of 8k, I still negotiated it down to 7k for him.
He does not get back the $1k as the company pays directly.
I negotiated to use that saving of $1k with the landlord, to have them cover the Utilities and Air Con servicing.

So now my client's company pays the rent of $8k, and he does not have to worry about utilities bill and Aircon servicing.

This is what i do for my client, even when i my comms comes from the landlord/seller.

I hope i have convinced you that we are Professional in what we do.

Do get in touch with me if you feel i can help you in your purchase.

regards

Steven Wang
Edmund Tie & Co
khim,wang28@gmail.com
 +65 9169 5023  Read More
0
Dear buyer,

If you have this concern, there are basically 2 probable solutions you can look into:

1) Go through all the potential listings and make arrangements for viewings personally for the purchase.

2) Pay your appointed salesperson commission instead of having the salesperson share with the seller's salesperson to ensure that he or she will be highly motivated to work together with you to remove the conflict of interest which you have identified.

It is not a standard for both seller's and buyer's salesperson to share commission, although that is usually the practise. I have been paid commission by buyers who appointed me in their private home purchases too.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

Claim your free home report today at https://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Room Rental @ https://www.facebook.com/SGRentARoom/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A 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! Read More
0
Good afternoon,

If you are concern that your agent will not act in your interest as they are sharing commission with the seller agent, you can opt to pay your agent directly should they be able to get you a better offer.
Alternatively, you can opt to hunt for a unit on your own based on whatever resource that you might get your hands on and handle the legal documentation personally.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions