Real Estate Commission What You Need to Know

1. Real Estate Commission: What You Need to Know Real estate commission in Singapore is typically 2% of the sale price of the property. This commission is split between the listing agent (who represents the seller) and the buyer's agent (who represents the buyer).

2. The seller is usually responsible for paying the entire real estate commission. However, there are some cases where the buyer may be responsible for paying part of the commission. For example, if the buyer is represented by a buyer's agent, the buyer may be responsible for paying a buyer's agent commission. There are a few things that you can do to negotiate the real estate commission. First, you can shop around for an agent. Different agents may charge different commission rates, so it's important to compare rates before you make a decision. Second, you can ask the agent to waive part or all of the commission. Some agents may be willing to waive part or all of the commission, especially if they believe that they can sell your home quickly and for a good price.

3. If you are considering buying or selling a property in Singapore, it is important to understand how real estate commissions work. By doing your research and negotiating with the agent, you can save money on the cost of buying or selling a property. Here are some additional things to keep in mind about real estate commissions in Singapore: Real estate commissions are negotiable. You can ask the agent to lower their commission rate or waive it altogether. The seller is typically responsible for paying the real estate commission, but there are some exceptions. You can hire a buyer's agent even if you are not represented by a seller's agent. There are a number of factors that can affect the size of the real estate commission, including the location of the property, the type of property, and the market conditions

4. If you have any questions about real estate commissions in Singapore, be sure to talk to an agent. They can help you understand how the process works and negotiate the best possible deal for you. Here are some additional tips for finding and working with a real estate agent in Singapore: Get referrals from friends, family, or colleagues. Interview multiple agents before making a decision. Ask about the agent's experience, commission rate, and marketing plan. Make sure the agent is licensed and insured. Get everything in writing, including the commission rate, marketing plan, and any other fees. Be clear about your expectations and goals. Communicate regularly with your agent throughout the process. Trust your gut instinct.

5. If you don't feel comfortable with an agent, don't hesitate to find someone else. Working with a real estate agent can be a great way to buy or sell a property in Singapore. By following these tips, you can find an agent who will help you achieve your goals and get the best possible deal. Contact Us SELL Home 450 Lor 6 Toa Payoh, ERA APAC Centre, Singapore, 319394 +65 9021 8889 enquiry@sellhome.sg www.sellhome.sg