When to Pay Property Agent Commission in Singapore
When you buy or sell a property in Singapore, you will likely need to pay a property agent commission . The amount of commission that you pay will depend on the type of property, the price of the property, and the terms of your agreement with the property agent. In Singapore, property agents typically charge a commission of 2% of the purchase price of the property. However, the commission rate can vary depending on the property agent and the terms of your agreement. For example, some property agents may charge a lower commission rate if you are a repeat customer or if you refer them to other clients. In general, you will pay the property agent commission when the property is sold. However, there are some cases where you may need to pay the commission earlier. For example, if you are using a property agent to help you find a property to buy, you may need to pay a retainer fee. The retainer fee will be used to cover the property agent's expenses while they are helping you fin...