Asked by Ethel
I have recently purchased a pte apartment, and was informed in the last stage of transaction that I need to pay the agent 1% commission.
It is co-broke situation, and I will like to seek advice if it is a market practice or mandatory condition for buyer to extend this 1% commission (based on purchase price) to the representing agent?
Next, in all cases, should the buyer's agent alert the buyer for any such additional cost at the beginning? Also, the agent mentioned that he will not get any amount arising out of this co-broke transaction. Does this happen?
It is co-broke situation, and I will like to seek advice if it is a market practice or mandatory condition for buyer to extend this 1% commission (based on purchase price) to the representing agent?
Next, in all cases, should the buyer's agent alert the buyer for any such additional cost at the beginning? Also, the agent mentioned that he will not get any amount arising out of this co-broke transaction. Does this happen?
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