The regular agent commission for advertising an HDB flat in Singapore is typically two% of the transacted price tag, although this charge is negotiable instead of lawfully set. Some businesses, which include Ohmyhome and Homeseller, provide decrease, preset commission charges, with a few setting up as low as 1% or even a flat cost of $one,999. The Fee is paid 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 2% commission would volume to $12,000, even though a 1% fee can be $six,000, not like GST. It can be a typical exercise for sellers to interact an individual agent to depict their passions, with the client’s read more agent, if a single is utilised, typically getting a portion of the seller's Fee by way of a co-broking arrangement. Moreover, sellers should be familiar with other likely charges, such as authorized service fees as well as the HDB resale levy.