In Singapore, when selling your HDB flat through an agent, you have two options:
1. **Exclusive Agreement:** You engage a single agent and grant them the exclusive right to market and sell your flat for a specified period. This means you cannot engage other agents during that time.
2. **Non-Exclusive Agreement:** You can engage multiple agents simultaneously to market and sell your flat. The agent who secures the buyer and closes the deal earns the commission.
**Which option is better?**
There are pros and cons to both approaches:
**Exclusive Agreement:**
* **Pros:**
* The agent is likely to invest more time and resources in marketing your property, as they are assured of the commission if a sale is successful.
* You can avoid confusion among potential buyers due to conflicting information or pricing from different agents.
* You have a single point of contact for all matters related to the sale.
* **Cons:**
* You may miss out on potential buyers if the chosen agent is not effective.
* You are tied to the agent for the agreed period, even if you are dissatisfied with their performance.
**Non-Exclusive Agreement:**
* **Pros:**
* Your property gets wider exposure through multiple agents, potentially increasing your chances of a quick sale.
* You can compare the performance of different agents and choose the one who seems most effective.
* **Cons:**
* Agents may be less motivated to invest heavily in marketing your property, as they face competition from other agents.
* Potential buyers may be confused by different asking prices or information from different agents.
* You may have to deal with multiple agents, which can be time-consuming.
**Ultimately, the best choice depends on your personal preferences and priorities.**
**Important Note:**
* Regardless of which option you choose, ensure that you use the Council for Estate Agencies (CEA) Prescribed Estate Agency Agreement when engaging an agent. This agreement protects the interests of both parties and clearly outlines the terms of service, including commission payable and the period of representation.
For more information, you can refer to:
* **Managing the Sale of Your Flat - HDB:** [https://www.hdb.gov.sg/residential/selling-a-flat/overview/managing-the-sale-of-your-flat](https://www.hdb.gov.sg/residential/selling-a-flat/overview/managing-the-sale-of-your-flat)
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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