Results 1 to 17 of 17

Thread: What is agent commission?

  1. #1
    Join Date
    Oct 2012
    Posts
    67

    Default What is agent commission?

    My parent wanted to sell their semi-d but agent wants to charge 2% commission. Personally, I find it is too high as it cost almost $100k. Is that the normal market rate? Thanks in advance for your advise.
    When is the right time to buy my next property?

  2. #2
    Join Date
    Jul 2011
    Location
    Earth
    Posts
    4,063

    Default

    Quote Originally Posted by FREDDIE
    My parent wanted to sell their semi-d but agent wants to charge 2% commission. Personally, I find it is too high as it cost almost $100k. Is that the normal market rate? Thanks in advance for your advise.
    2% agent commission is the norm for the seller.
    However it is negotiable.
    Naturally, if the commission is attractive, the agent will be more motivated to market the place.

  3. #3
    Join Date
    Mar 2008
    Posts
    706

    Default

    Some agents are bargain-able

    The unit I bought, the agent accepted only 1%(!!). Needless to say, my agent was not too pleased his co-broke fee is only 0.5%.

    For a $5m house, I think some agents will gladly take 1.5% comm.

    Quote Originally Posted by buttercarp
    2% agent commission is the norm for the seller.
    However it is negotiable.
    Naturally, if the commission is attractive, the agent will be more motivated to market the place.

  4. #4
    Join Date
    Oct 2012
    Posts
    460

    Default

    If he or she can get the price u want, 2% is nothing... negotiate with the agent on a taget basis from a lower commission upwards
    When you have eliminate the impossible, whatever remains, however improbable, must be the truth

  5. #5
    Join Date
    Oct 2012
    Posts
    67

    Default

    Quote Originally Posted by sherlock
    If he or she can get the price u want, 2% is nothing... negotiate with the agent on a taget basis from a lower commission upwards
    Noted with tks
    When is the right time to buy my next property?

  6. #6
    Join Date
    Aug 2011
    Posts
    1,516

    Default

    2% is ok if the agent can fetch u an offer of 5% above valuation.

  7. #7
    Join Date
    Jan 2013
    Posts
    42

    Default

    Quote Originally Posted by FREDDIE
    My parent wanted to sell their semi-d but agent wants to charge 2% commission. Personally, I find it is too high as it cost almost $100k. Is that the normal market rate? Thanks in advance for your advise.

    For property price that more than 1.5 mil just go for 1% unless he/she can get very good price for you.
    1% of 1.5 mil is $15k and if he co-broke with bother agent he still can get $7.5k.

  8. #8
    Join Date
    Apr 2012
    Posts
    1,677

    Default

    i always tell my agent my target price (to pocket). the rest, she can keep or we share half.
    There is no good or bad location. There is only good or bad price.

  9. #9
    Join Date
    Oct 2010
    Posts
    2,094

    Default

    Quote Originally Posted by FREDDIE
    My parent wanted to sell their semi-d but agent wants to charge 2% commission. Personally, I find it is too high as it cost almost $100k. Is that the normal market rate? Thanks in advance for your advise.
    isn't it good that your family got a landed semi-d?

    are you guys downgrading to condo or hdb?

    Quote Originally Posted by sherlock
    If he or she can get the price u want, 2% is nothing... negotiate with the agent on a taget basis from a lower commission upwards
    yea!!
    agent also need $$ to search for buyer too.. give them the 2% as a token of appreciation.
    I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)

  10. #10
    Join Date
    May 2009
    Posts
    3,677

    Default

    can request to waive off the 7% GST. 7% of $100k = $7k hor.......can go on a nice trip to europe with the money

  11. #11
    Join Date
    Apr 2012
    Posts
    1,677

    Default

    Quote Originally Posted by roly8
    agent also need $$ to search for buyer too.. give them the 2% as a token of appreciation.
    bro, say this after you have sold your first ppty.
    There is no good or bad location. There is only good or bad price.

  12. #12
    Join Date
    Oct 2010
    Posts
    4,739

    Default

    since when agent charge 2% commission for resale private? dont be a carrot head.

  13. #13
    Join Date
    Jun 2011
    Posts
    6,134

    Default

    i paid my agent 2% when he sold my property even though we agreed and signed for 1% cos he got $30k more than i had expected...he was grateful and aprreciative that i gave him2%...cos he worked hard for it...almost 30 viewings and finally closed....he is now my preffered agent and one of the few that i have high regard for......anyway bottomline...COMMISION is flexible...can talk one..
    In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...

  14. #14
    Join Date
    Jan 2011
    Posts
    787

    Default

    just have to correct wrong perception of 2% commission as standard.
    all of my friends and the agents we know (including those cold call ones) work with 1% commission; and they are no less hardworking or less professional. feel that it is in the rapport and interaction - genuine motivated seller (dun waste agent's time) and conscientious agents looking for long-term relationship plus referrals.

  15. #15
    Join Date
    Feb 2009
    Location
    峨眉山
    Posts
    5,512

    Default

    IN 2007 i nego agent comms at 0.5% as i was the one who approached her with the opportunity and she happened to have a buyer who decided on the first and only viewing.
    click: 🏢shoeboxmickeymousehouse 🏢

  16. #16
    Join Date
    Oct 2010
    Posts
    2,094

    Default

    Quote Originally Posted by Shanhz
    bro, say this after you have sold your first ppty.
    i doubt it will happen in my lifetime..
    I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)

  17. #17
    Join Date
    Jan 2013
    Posts
    42

    Default

    Quote Originally Posted by radha08
    i paid my agent 2% when he sold my property even though we agreed and signed for 1% cos he got $30k more than i had expected...he was grateful and aprreciative that i gave him2%...cos he worked hard for it...almost 30 viewings and finally closed....he is now my preffered agent and one of the few that i have high regard for......anyway bottomline...COMMISION is flexible...can talk one..

    If sold just $30k more than agreement and you willing to pay an additional of 1%. What I think of is 3 room HDB flat. 3 room HDB flat seller 2 % that is normal lar. You are so good and can squeeze the agent to signed 1% com initially.

Similar Threads

  1. Agent's commission
    By irisng in forum Singapore Private Condominium Property Discussion and News
    Replies: 15
    -: 16-11-15, 19:44
  2. agent commission
    By Ilikeu in forum HDB, EC, commercial and industrial property discussion
    Replies: 2
    -: 29-08-15, 06:04
  3. Agent's commission deductible?
    By ShadowFax in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 09-04-13, 00:23
  4. Do you pay commission to agent for 1 year lease extension?
    By dormer in forum Singapore Private Condominium Property Discussion and News
    Replies: 8
    -: 15-11-12, 10:38
  5. Property agent did not follow standard guideline when requesting commission
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 4
    -: 21-06-07, 17:33

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •