[Sg] Buyer property agent Grace Cheong complains she always kena fucked up selfish seller property agents unwilling to share co-broking fees with her

[UltimaOnline]

SINGAPORE - Meeting unfriendly seller agents who ignore her texts “all the way” is common for 14-year veteran property agent Grace Cheong.

Recounting creative “unethical” methods that seller agents use to avoid sharing co-broking commissions with buyer agents, Ms Cheong said she once encountered an agent who blatantly postponed her buyer’s viewing at Water Place in Tanjong Rhu to an indefinite date, and prioritised viewings with direct buyers who are not represented by any agent.

As Ms Cheong and her buyer contacted him separately, they managed to see through his ploy. But the agent subsequently insisted that her buyer could view the home that weekend only if he came unaccompanied.

“How is this fair to buyers who just want homes?” Ms Cheong asked.

Currently, for private property sale transactions, buyer agents have to negotiate with seller agents for their share of the commission through co-broking since buyers do not pay commission to the agents representing them.

The commission for such transactions is usually 2 per cent of the property’s sale price, of which the seller agent typically gets 1 per cent to 1.5 per cent and the buyer agent gets 0.5 per cent to 1 per cent.

On Nov 14, 16 property agencies – representing 88 per cent of the over 34,000 property agents in Singapore – inked a pact in a move to address the issue of agents trying to avoid sharing co-broking commissions.


https://www.straitstimes.com/singap...cked-from-co-broking-and-conflict-of-interest

 

[eatshitndie]

in july buyer agent will get 1% from buyer for successful transaction.