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 lease that is one year or less,, 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). Some agencies charge an additional admin fee. For OrangeTee, we absorb the admin fee.

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, sellers pay 2% and buyers 1%. For co-broking situations, the agents collect from their respective clients.