The standard agent Fee for advertising an HDB flat in Singapore is often 2% with the transacted value, although this fee is negotiable instead of legally mounted. Some organizations, like Ohmyhome and Homeseller, present lower, set commission fees, with a few beginning as low as 1% or maybe a flat rate of $one,999. The Fee is compensated by the vendor for their appointed agent, which rate handles a range of providers, like advertising and marketing the house, coordinating viewings, negotiating with probable potential buyers, and managing the mandatory HDB resale paperwork. For the flat offered at $600,000, a 2% Fee would amount of money to $twelve,000, although a 1% level might be $6,000, not including GST. It is a standard follow for sellers to engage only one agent to more info depict their interests, with the customer’s agent, if just one is employed, frequently acquiring a portion of the vendor's commission by way of a co-broking arrangement. In addition, sellers should really pay attention to other potential expenditures, like authorized fees plus the HDB resale levy.