Private Buyer Pay Commission To Agent - Will It Work

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Private Buyer Pay Commission To Agent - Will It Work
We are going to talk about private property buyers paying commissions to their own agents who are serving them to source for private property. From the 1st of July 2024 onwards, the industry led by the Singapore Estate Agents Association or SEAA published a guide on the Best Practice Guide for Co-Broking Commission. This will apply to most HDB and private properties and that includes rental. If you are a private property seller or buyer. Are you curious about the impact on you?
Alan Wee
CEA Reg No. R024730A
wa.me/+6592973150
www.AlanWeeProperty.com
/ @alanweeproperty
FB: AlanWeeProperty
References:
www.seaa.org.sg/
world.taobao.com/
familiesforlife.sg/pages/home...
www.businesstimes.com.sg/sing...

Опубликовано:

6 июн 2024

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Комментарии : 20

@billtay2839 Месяц назад

Best scenario is for sellers not to give exclusives to agents so that open listings will level the playing field for all agents.

@chinchowpowpook Месяц назад

Then your unit will be an anyhow Disney circus listing since none of agents willing put heat n souls to sell..pay peanuts get monkey

@user-xt5tx5yv9f Месяц назад

For pte pty v easy to by pass agent. Only need lawyer. But hdb is more complicated.

@suwandicahyadi9213 Месяц назад

why hdb is more complicated?

@fellofftheroughrock Месяц назад

Do you know the history of how the “norm” of 2% commission by seller agent come about? Also, curious to understand what will the impact be if the regulator changes the rule to sellers agent only get from sellers, and buyer agent from buyers? And thanks for the informative video.

@alanweeproperty Месяц назад

I can only speculate that back then ERA got the franchise from the USA for Asia pacific. USA broker com is 5-6%. Maybe they take some references to do 2% instead..

@kingbond2933 Месяц назад

Unless sellers can match to what buyers willing to pay then possible! Normally most buyers give lousy offers! In landed- the difference can be millions…….. without agents- less transactions & more legal cases! Lawyers will be happy as more sellers & buyers sue each other lol…….

@alanweeproperty Месяц назад

Yes. U make sense...agents are the middle man to bridge the gap. I foresee some stat board will be really busy dealing with both parties themselves....we call it clear shit. 💩

@chinchowpowpook Месяц назад

In landed case good luck without agent..unless u got super man eyes to scan all the perimeter interior n exterior , the build authority legal or not, the foreseeable seepage n leaking..the gfa calculations

@david888a Месяц назад

Alan, based on your co broke examples of seller’s agent not willing to let other agents view or sell the property ,that means the agent has the listing listed as private n not listed in Property guru or other platforms. Wouldn’t it better to hv half a pie n get the property sold fast with other agents , then to hv whole pie n not move the property fast enough? By doing that, seller’s agent is not providing a good service to seller, Iif I m the seller I would demand my commission to be co-broke n get my house sold faster….

@alanweeproperty Месяц назад

I also wish the market would work in this way...but unfortunately it's not esp when money is concerned.

@chinchowpowpook Месяц назад

Human are greedy when u step into salary /commission world..they wanted whole comm at your expense even though it sell or rent in much later time which u suffering

@peterlim-uf8bh Месяц назад

Alan, would it be better for direct buyer and seller to transact without a property agent and directly to lawyer to do all the paperwork. I think that is the best scenario.. Win Win situation.. Just kidding..

@alanweeproperty Месяц назад

Sure. As long both sides are well informed. They can hug hug 🫂 together too.....

@david888a Месяц назад

In that scenario , the seller advertised privately ( sell by themselves) n buyer can negotiate with the seller

@dantofl8811 Месяц назад

Some platform (wouldn’t name it lest becoming advertising for them) already have such service, of course charge a fee but very small fee

@peterlim-uf8bh Месяц назад

@@alanweeproperty Alan, if I am interested in a particular condo. Is it possible to send snail mail letter to their mailbox and informing those owners that I am keen in a unit in their condo project. You never know, when a particular owner decided to sell and then they got your contact.. this will avoid going through property agent rite. hahaha

@chinchowpowpook Месяц назад

Well if all human as innocent as u then good to go,,u don’t need a lawyer then..but why lawyer in place ??becasue people like u doing this stunt kena conned..people always think naively