The common agent commission for advertising an HDB flat in Singapore is often 2% from the transacted cost, Despite the fact that this rate is negotiable rather than legally fixed. Some organizations, which include Ohmyhome and Homeseller, supply reduce, mounted commission fees, with a few starting as low as 1% or possibly a flat charge of $one,999. The Fee is compensated by the seller for their appointed agent, which price covers A variety of providers, which include marketing the residence, coordinating viewings, negotiating with opportunity potential buyers, and managing the mandatory HDB resale paperwork. To get a flat marketed at $600,000, a two% commission would volume to $12,000, while a one% amount would be $six,000, not together with GST. It truly is a typical exercise read more for sellers to interact only one agent to represent their interests, with the customer’s agent, if 1 is made use of, usually obtaining a part of the seller's Fee by way of a co-broking arrangement. Also, sellers should know about other likely charges, for example authorized expenses and the HDB resale levy.