The conventional agent commission for providing an HDB flat in Singapore is typically 2% with the transacted cost, While this rate is negotiable and never lawfully preset. Some agencies, for example Ohmyhome and Homeseller, give reduce, mounted Fee rates, with some starting up as little as one% or a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which rate covers a range of providers, which include marketing and advertising the house, coordinating viewings, negotiating with probable potential buyers, and managing the necessary HDB resale paperwork. For a flat sold at $600,000, a 2% Fee would amount to $12,000, while a 1% rate would be $six,000, not including GST. It's a common practice read more for sellers to engage only one agent to stand for their pursuits, with the customer’s agent, if just one is applied, generally obtaining a part of the seller's commission via a co-broking arrangement. On top of that, sellers should really know about other probable charges, for example authorized fees and the HDB resale levy.