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Payment of commission is upon completion of the property transaction. In this case, your agent is deem to have fulfilled his or her fiduciary duty. I understand your concerns that what if you are unable to takeover the property after 3 months extension, but this part of the problem is not due to agent but the seller.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

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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
 +65 92787772 
www.geryllim.com

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My Answer with regards to your Question:

In Singapore, the payment of the real estate agent's commission is typically based on the fulfillment of certain conditions outlined in the Option to Purchase (OTP) and Sales and Purchase Agreement (SPA). The completion of the sales transaction is a crucial event that triggers the commission payment.

However, it's important to consider the specific terms and conditions agreed upon in your OTP and SPA. ***If the completion has occurred, and the commission is due as per the terms of the agreement, the agent may request payment accordingly. ***

Given your situation where there was a 3-month extension granted, and you haven't taken official possession of the physical property yet, it's reasonable to seek clarification on the timing of the commission payment. Here are some steps you may consider:

Review the OTP and SPA:

Check the terms of the OTP and SPA to understand the conditions under which the agent's commission is payable.

Communicate with the Agent:

Engage in open communication with the real estate agent. Seek clarification on the timing of the commission payment and whether it is based on the completion date or the actual physical possession date.

Consult Legal Advice:

If there is ambiguity or disagreement, consider seeking legal advice to understand your rights and obligations under the agreement.

Negotiate a Fair Timeline:

If there is room for negotiation, discuss with the agent about a fair timeline for commission payment that aligns with your comfort level and the actual transfer of possession.

Document Agreements:

Any agreements or adjustments to the commission payment timeline should be documented in writing to avoid misunderstandings in the future.

It's advisable to handle such matters through clear and open communication, ensuring that both parties are on the same page regarding the commission payment and its timing. If there are concerns or disputes, seeking legal advice can provide clarity on the best course of action based on the specifics of your agreement.

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Hi,

You may wish to highlight your concerns to your agent, and see how you can work things out.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More