Yes, S$2,500 and below, guidelines by IEA (Institute of Estate Agents).EADG wrote:I was told separately by two reputable (recommended by the company I worked for) agents that this is the case only after a certain monthly rent amount, are you saying that is not really the case?ringo100 wrote:Agent fees paid by the tenant are the biggest con there is.
what if the agent literally shown you 50 properties and at the end of the day..you took up the apartment with some other agents...thats what happened to my colleagues, took agents for granted by asking them to show 30 properties and they signed up with someone else.ringo100 wrote:It is something I have never experienced in any other country.
I am happy to pay someone if they provide me a service. For example if I employed someone to look at 50 different properties and negotiate a cheaper rental on my behalf I would be happy to pay a fee for the service.
All they do here is show you the properties already on their books.
It is interesting that it is only for cheaper properties that this applies. Surely, it is those people who can afford the more expensive properties that can afford the charge.
fair question, are you from Singapore?eeeee wrote: what if the agent literally shown you 50 properties and at the end of the day..you took up the apartment with some other agents...thats what happened to my colleagues, took agents for granted by asking them to show 30 properties and they signed up with someone else.
there is no guarantee sale for the agent and they have to spend lots of time sheduling appointments!
There's no need to debate on this as since this is the guidelines set by the Institute of Estate Agents, agencies have the right to follow.ringo100 wrote:The agent is engaged by the landlord to find tennats for the property. That's why in all countries I know of, the landlord pays the agent's fee.
To see a sensible amount of properties here you need to go to about 10 agents and each one shows you about 2-3 places. That service is not worth the money.
Total con.
I see that it is a service with a smile, isn't it? I'm sorry to say that it is not all "willingness".Singapore property wrote:There's no need to debate on this as since this is the guidelines set by the Institute of Estate Agents, agencies have the right to follow.
If there is a willing tenant and willing agent to meet the deal, fine. The tenant has his right to decide if he should pay for the services of the realtor and if not, the realtor also has the right to decide whether he would want to serve the tenant.
Both parties just have to be willing.![]()
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