RENTAL

Typically, for rental $2,500 and below a month, the agent charges the tenant and landlord each a commission of half month rental for every 1-year lease . If the rental exceeds $2,500 a month, the commission is usually borne only by the landlord. However, for short term lease of less than a year, agents may also ask the tenant to pay a half month commission regardless of the rental. There is no hard and fast rule. These days, some agents use $3,000 as the guideline rather than $2,500.

Commission is also payable upon renewal at half month for every year extension. Tenants would have to place a security deposit of one month rental for every 1-year lease and also one month advance rental. The tenant also has to pay for the stamp duty. The amount is Annual Rental/250 x years of lease (rounded up to the highest nearest dollars) + $2 (for duplicates).

SALES

For sales of private properties, the agent collects commissions only from the seller. Generally the rate is between 1% to 2% of the selling price. For sales of HDB flats, the agents collect 2% from the sellers and 1% from the buyers. For co-broking situations, the agents collect from their respective clients.