Commission Guidelines

We are professionally qualified and when engaged, will deliver their services with compliance to requirements stated in the Code of Ethics & Professional Client Care and Regulations Act.

We are entitled to their commission when the transaction is completed. We are not allowed to collect commission or fees from more than one party in a transaction.

Please note that PropNex Realty is a GST-registered estate agency and is allowed to charge and collect GST.

When engaging a us, you are advised to use Prescribed Estate Agency Agreement as it protects the interest of both parties.

The commission amount or rate agreed upon should be recorded and a copy of the agreement given to you. If you and the salesperson wish to include mutually agreeable terms and conditions that are not printed in the prescribed estate agency agreement, these additional terms should be added in the space provided or on a separate pink sheet of paper. The additional terms cannot conflict with, or vary from, the printed prescribed terms.

For transparency of the commission that you should be paying, here are our Commission Guidelines:

  • The remuneration system for Estate Agents is based on the provision of service and / or upon successful transaction.
  • This document stipulates the professional fee/commission for Estate Agents based on standard services rendered on property transactions.
  • This scale of professional fee/commission is not intended to restrict or interfere with any private arrangements which Estate Agents may have with their clients.
  • Agreements and undertakings in all transactions shall be made between clients and PropNex and not with the us directly.
  • Payment for commission shall be made payable to PropNex Realty Pte Ltd and not the individual Salesperson.
  • Proper and their clients and Estate Agents amongst themselves shall document/communicate at the outset, their agreement on commission, costs and disbursements.
  • The documentation/communication shall also include the scope of works, duties and undertakings by the Estate Agents.
  • Salespersons shall conduct themselves at all times in a professional manner that will not prejudice the standards and reputation of the real estate industry.

Sales

Minimum two percent (2%)

Up to a maximum of four percent (4%)

of contracted price as sales commission.

Purchase

Minimum One percent (1%)

Up to a maximum of two percent (2%)

of contracted price as Service fee.

Landlord/Tenant

Per 12 months Tenure or less Minimum Half (1/2) month’s rent

of contracted price as sales commission.

GST

 

Goods and Service Charge (GST)

All commission payable are subject to GST in accordance to the Goods and Service Tax Act.

Code of Practice

An Estate Agent or the Salesperson shall not accept any commissions from both the Vendor and Purchaser in the same transaction regardless consent has been obtain from either party. This is in strict compliance to the Estate Agents (Estate Agency Work) Regulations 2010.

Commission shall become due immediately upon completion of sale and purchase or as otherwise agreed between the parties.

In a co-brokerage, the agents shall collect the commission from their respective clients as in the table above.