Finding a property agent can be quite a task. They each come with different commission rates.
Commission rates are like salaries for the agents. However, the law of Singapore has made it easy for potential home sellers to work with the right agents. This is to ensure they are paid according to the rates of the market. Thus, you can easily get a good property agent Singapore. The commission rates are not set but determined by the market.
Property Agent Commission for Rental
Above $3500 in rent and 2 year lease
In the case where the tenant looks for the agent to get the property, then the landlord is required to pay the agent a commission of one month’s rent. The tenant doesn’t get to pay a commission.
Above $3500 in rent and 1 year lease
In the case where the tenant contacted the landlord’s agent, then the landlord gets to pay a half months rent to the agent as commission. The tenant doesn’t pay any commission. If the tenant has a tenant agent then the tenant gets to pay the tenant agent half month salary as commission.
Below $3500 in rent and 2 year lease
In this case the landlord agent will ask for a month commission from the landlord. In the case where the tenant has a tenant agent then the tenant pays a month commission to them. When there is no tenant agent, the tenant doesn’t pay commission
Below $3500 in rent and 1 year lease
Landlord agents collects half month commission from the landlord. In the presence of a tenant agent then the tenant pays the agent half month commission.
Get to know and understand all of these rates first before selling property. Are you asking, “Can I sell my condo fast?” Well, now you know.