Information
Agent License REN Verifier
Utilize Search for Negotiator to verify if agent is registered?
Fees, Commission & Charges
Sale or Purchase
Land and Buildings (Maximum fee of 3%)
Fees for other services such as joint venture, sale of company, property swaps, etc. (Maximum fee of 3%)
Chattels including Plant and Machinery (10 % of the proceeds)
Lettings/Rent
Recommended 1.25% of Monthly Rental
Recommended 50% for rental renewal
Taxes
Other charges can be monies for paying taxes. These taxes include SST (Sales and Service Tax) and Stamping Fee (Stamp Duty). The agency only collects on behalf of government, and it is not a professional fee.Disbursement
In most cases, when the clients expect that the agency deals with:Paper work, e.g. help in editing, printing out and getting it stamped as administrative tasks, *NOT coming out with the legal tenancy agreement – which is prepared by both landlord and tenant;
Running of errands, minor repairs;
Taking video and burning the video into CDs for inventory;
Arranging for cleaning;
Sorting out water and electric meter readings;
Talk to management office, etc.
these jobs are called “disbursement”.