Asked by Anonymous
Is my agent trying to CON me? Need an advice.
I signed an exclusive estate agency agreement for the sale of residential property (form 5) with an agent from a reputable estate agency in Singapore.
The commission rate is 2% & 7% GST-registered estate agency as stated on the agency website.
The agent marketed & sold my HDB flat, HDB has approved & now waiting for completion date.
Then, the agent reminds me to prepare the commission; which is 2% of the selling price of my HDB flat + 7% GST directly to agent’s personal account via PayNow instead of her agency on the completion date.
I felt weird because the form 5 stated the agreement is between me (seller) & the estate agency & the agent is a salesperson representing the agency.
I tried to clarify with the agent & asked isn’t the commission supposed to pay the agency? I showed her the agency website as stated Payment for commission shall be made payable to XXXXXXXXX & not the individual Salesperson. I felt uncomfortable with the agent whatever motive she has.
I want to ask the Guru and/or any agents can advise:
1) Is it a practice to pay agent’s commission directly to agent’s personal account via Pay Now?
2) Does an agency allows their agent use the form 5 agreement letter with the agency’s logo to conduct sale for client & don’t need to declare to the agency?
3) Can an agent bypass his/her agency to receive the commission inclusive of 7% GST?
4) Can an agent receive 7% GST in his/her personal account?
5) Do I get a receipt from the agency after payment of agent’s commission?
6) If I pay the commission directly to agent’s person account via PayNow, will the agency comes after me for payment again?
7) Will I get legal sue by the agency even I told them their agent told me to pay their commission to his/her person’s account via PayNow?
I signed an exclusive estate agency agreement for the sale of residential property (form 5) with an agent from a reputable estate agency in Singapore.
The commission rate is 2% & 7% GST-registered estate agency as stated on the agency website.
The agent marketed & sold my HDB flat, HDB has approved & now waiting for completion date.
Then, the agent reminds me to prepare the commission; which is 2% of the selling price of my HDB flat + 7% GST directly to agent’s personal account via PayNow instead of her agency on the completion date.
I felt weird because the form 5 stated the agreement is between me (seller) & the estate agency & the agent is a salesperson representing the agency.
I tried to clarify with the agent & asked isn’t the commission supposed to pay the agency? I showed her the agency website as stated Payment for commission shall be made payable to XXXXXXXXX & not the individual Salesperson. I felt uncomfortable with the agent whatever motive she has.
I want to ask the Guru and/or any agents can advise:
1) Is it a practice to pay agent’s commission directly to agent’s personal account via Pay Now?
2) Does an agency allows their agent use the form 5 agreement letter with the agency’s logo to conduct sale for client & don’t need to declare to the agency?
3) Can an agent bypass his/her agency to receive the commission inclusive of 7% GST?
4) Can an agent receive 7% GST in his/her personal account?
5) Do I get a receipt from the agency after payment of agent’s commission?
6) If I pay the commission directly to agent’s person account via PayNow, will the agency comes after me for payment again?
7) Will I get legal sue by the agency even I told them their agent told me to pay their commission to his/her person’s account via PayNow?
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