Agency Licence No. L3007360H

AGENCY FEE

INTRODUCTION

The professional fee/commission for Estate Agents is based on services rendered upon successful transactions. The scale of professional fee/commission for Estate Agents is not intended to restrict or interfere with any private arrangements which Estate Agents may have with their clients.

SALE AND PURCHASE OF PROPERTY

Party Professional Fee
Vendor Two percent (2%) of contracted price
Purchaser One percent (1%) of contracted price (applicable to HDB Flats only)

An Estate Agent or the Salesperson shall not accept any commissions from both the Vendor and Purchaser in a same transaction regardless of whether consent has been obtained from either party. This is in compliance to the Estate Agents (Estate Agency Work) Regulations 2010.

Commission shall become due immediately upon completion of sale and purchase or as otherwise agreed between the parties.

LEASING OF PROPERTY

Party Duration of Lease Professional Fee
Landlord 36 months Commission equivalent to 1-½ months’ rent
18 – 24 months Commission equivalent to 1 month’s rent
12 months or less Commission equivalent to ½ month’s rent

In most cases, Tenants do not pay a commission to their Estate Agent for renting a property. We get our remuneration from the Landlord or the Landlord’s Estate Agent.

However, in the event that the Landlord does not pay or there is no sharing of commission from the co-broking Estate Agent, then an Agency Fee applies.

Party Duration of Lease Professional Fee
Tenant 36 months Commission equivalent to ½ month’s rent
24 months
12 months or less

An Estate Agent or Salesperson shall not accept any commission from both the Landlord and Tenant in a same transaction regardless of whether consent has been obtained from either party. This is in compliance to the Estate Agents (Estate Agency Work) Regulations 2010.

Commission shall become due immediately upon execution of the tenancy agreement by Landlord and Tenant.

Management (All types of properties)

Management Professional Fee
Individual Unit 10% of the gross monthly rental

Commission is due to the Agency monthly at the end of each month upon receipt of rental from Tenant.