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No hard and fast rules, but I will usually only collect the commission after the whole transaction has completed (legal completion and not after any extension) as it will be the seller and buyer concern that the. transaction is not completed and yet they have already paid the commission, which is non-refundable.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi,

1) You must be worrying about the 1% increment in GST and trying to avoid this extra cost.
2) If this is a $500k transaction, a 1% commission is $5,000. The 7% GST of $5,000 is $350, and the 8% GST is $400. So the additional cost incurred is $50.
3) In general, the commission is paid after the buyers collected their keys for the purchase which is known as completion.
4) You may make the payment within these 3 days to avoid incurring this extra $50 as long as you have exercised the OTP.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, usually the buyer agent will only ask for the commission upon the completion day, and that’s when the buyer has also collected the keys.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More