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Arcachon
27-04-24, 08:15
https://www.cea.gov.sg/docs/default-source/consumers/commissions.pdf

Commission Rates - Fixed or Negotiable?

Consumers often ask “Is commission rate fixed?” The answer is “No”.

Commission rate is in fact negotiable.

In a public perception survey commissioned by the Council for Estate Agencies (CEA) last year, consumers showed low awareness that the commission payable to an estate agent/salesperson is negotiable. CEA does not fix commission rates or provide commission guidelines so as to allow market forces to drive competitive pricing in the industry. Salespersons will then have the incentive to price their services competitively

Arcachon
27-04-24, 08:16
Property market is a free market, commission is base on willing buyer and seller. 2006 BUC commission was $200 dollar per sale. Now commission in some project can be very high.

CDL Forestwood condo unsold unit did give one of the agency with fixed rate to sell and none of the unit was sold.

https://t.me/notgpod/2111

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