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hi, what does it mean to co-broke?

if i bring my buyer to view a property and the deal is closed, is that co-broking? do i get half of the seller's agent's commission?

another question:
if i bring my buyer to view a property and the deal is closed, does my buyer have to pay me a commission?

thanks
new agent
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2 Answers

Richard Wan
Replied
Hi new agent, if you bring your buyer to view a property that is marketed by another agent, the usual practice is to get half the commission the seller is paying the seller's agent. This is termed 'co-broking'.

In usual practice, buyers of private properties do not pay commission. But it is open to negotiations between the buyer and the buyer's agent.

Regards,
Richard Wan
Black Diamond Real Estate
richardwan@live.com
 94363793  Read More
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  • ML
    Replied
    thank you very much sir!

    does the same apply for rentals?

    you mentioned private properties. is it a different practice with hdb flats?

    thank you very much for your time :)
Zaid Bin Haroon
Replied
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PropNex Group Director/Team Manager
Hp: 81331070 
Email: zaidsg@gmail.com Read More
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