The standard agent commission for promoting an HDB flat in Singapore is often 2% with the transacted value, although this fee is negotiable and not legally preset. Some companies, for instance Ohmyhome and Homeseller, provide decreased, fixed commission premiums, with some starting up as little as one% or even a flat cost of $one,999. The commission is paid out by the vendor for their appointed agent, which fee addresses A selection of services, which includes internet marketing the home, coordinating viewings, negotiating with likely potential buyers, and handling the necessary HDB resale paperwork. For any flat marketed at $600,000, a two% Fee would amount of money to $twelve,000, while a 1% price will be $6,000, not like GST. It can be a standard observe for sellers to have interaction a single agent to signify their interests, with the buyer’s agent, if 1 is click here employed, typically obtaining a part of the seller's commission through a co-broking arrangement. Additionally, sellers ought to concentrate on other possible expenses, like legal fees and also the HDB resale levy.