Commission Guidelines

Commission Guidelines

All Sale and Purchase of Property in Singapore

(Including HDB Resale Flats, Non-Privatized HUDC Flats, Commercial and Industrial Properties)

An Estate Agent or the Salesperson shall not accept any commissions from both the Vendor and Purchaser in the same transaction regardless consent has been obtain from either party. This is in strict 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.

In a co-brokerage, the agents shall collect the commission from their respective clients as in the table above.

Leasing of Property in Singapore

(Including HDB Resale Flats, Non-Privatized HUDC Flats, Commercial and Industrial Properties)

An Estate Agent or Salesperson shall not accept any commission from both the Landlord and Tenant in the same transaction regardless consent has been obtains from either party. This is in strict 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.

In a co-brokerage, the co-broking agents shall collect the commission from their respective clients as in the above or as otherwise agreed between the parties.

Assignment

(All types of properties)

An Agent shall not accept any commission from both the Assignor and Assignee in the same transaction regardless consent has been obtains from either party. This is in strict compliance to the Estate Agents (Estate Agency Work) Regulations 2010.

Commission shall become due immediately upon execution of the assignment agreement.

In a co-brokerage, the co-broking agents shall collect the commission from their respective clients as in the above or as otherwise agreed between the parties.

Goods and Service Charge (GST)

All commission payable are subject to GST in accordance to the Goods and Service Tax Act.

 

 

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