The regular agent commission for selling an HDB flat in Singapore is usually two% of the transacted price tag, although this charge is negotiable rather than lawfully set. Some businesses, which include Ohmyhome and Homeseller, provide decrease, preset commission prices, with some setting up as little as 1% or even a flat price of $one,999. The Fee is compensated by the seller to their appointed agent, and this payment addresses A selection of products and services, such as promoting the assets, coordinating viewings, negotiating with potential consumers, and dealing with the required HDB resale paperwork. For the flat marketed at $600,000, a two% commission would volume to $12,000, even though a 1% fee can be $6,000, not like GST. It truly is a typical follow for sellers to interact an individual agent to depict their passions, with the buyer’s agent, if 1 is employed, usually getting a portion of the vendor's Fee by way of a co-broking arrangement. Furthermore, sellers must concentrate on other agent commission for selling hdb 90 23 possible expenses, such as lawful expenses plus the HDB resale levy.