+65 6253 0030 | info@huttonsgroup.com
+65 6253 0030
info@huttonsgroup.com

1. Guidelines

  1. Associates SHALL NOT represent both parties in the same transaction.
  2. Associates SHALL NOT collect commission or fees from more than one party in the same transaction.
  3. This applies to all forms of transaction, including sales/purchase, rental/leasing, assignment.
  4. When engaging our associates, clients are advised to use Prescribed Estate Agency Agreement as it protects the interest of both parties. The commission rate agreed upon is to be recorded and a copy of the agreement given to client.
  5. In the event there are additional terms and conditions (not found in Prescribed Estate Agency Agreement) that are mutually agreeable between client and our associates, these additional terms should be added in the space provided or on a separate sheet of paper. The additional terms cannot conflict with, or vary from, the printed prescribed terms.
  6. The remuneration system for salespersons is based on the provision of service and / or upon successful transaction.
  7. This scale of professional fee/commission is not intended to restrict or interfere with any private arrangements which salespersons may have with their clients.
  8. Agreements and undertakings in all transactions shall be made between clients and Huttons Asia Pte Ltd and not with the individual salespersons.
  9. Payment for commission shall be made payable to Huttons Asia Pte Ltd and not the individual salespersons.
  10. Salespersons and their clients amongst themselves shall document/communicate at the initial, their agreement on commission, costs and disbursements. The documentation/communication shall also include the scope of works, duties and undertakings by the salespersons.

2. Professional Fee / Commission

  1. ALL SALE AND PURCHASE OF PROPERTY IN SINGAPORE
    (Including HDB Resale Flats and Non-Privatized HUDC Flats, Commercial and Industrial Properties)

     

    Party Professional Fee/Commission Payable To Agency
    Vendor Minimum 2% or any higher amount of contracted price as agreed
    Purchaser Minimum 1% or any higher amount of contracted price as agreed
    1. Associates shall not accept any commissions from both Seller and Purchaser in the same transaction. This is in strict compliance to the Estate Agents (Estate Agency Work) Regulations 2010.
    2. Commission is due immediately to Huttons Asia Pte Ltd upon completion of sale and purchase or as otherwise agreed between the parties.
    3. In a HDB resale co-brokerage, associates shall collect the commission from their respective clients.
  2. Leasing of Property In Singapore
    (Including HDB Resale Flats and Non-Privatized HUDC Flats, Commercial and Industrial Properties)

     

    Duration of Lease Professional Fee/Commission Payable To Agency
    24 Months or Less Minimum 1 month’s gross rent or any higher amount as agreed
    Every subsequent 12 months or less Minimum 1/2 month’s gross rent or any higher amount as agreed
    Renewal of Lease for every 12 months lease Minimum 1/2 month’s gross rent or any higher amount as agreed
    1. Applicable to both Landlords and Tenants.
    2. Applicable to rental of individual room, partial unit or whole unit.
    3. Associates shall not accept any commission from both Landlord and Tenant in the same transaction. This is in strict compliance to the Estate Agents (Estate Agency Work) Regulations 2010.
    4. Commission shall become due immediately to Huttons Asia Pte Ltd upon execution of the tenancy agreement by Landlord and Tenant.
    5. In a HDB lease co-brokerage, the co-broking agents shall collect the commission from their respective clients as in the above.
  3. Assignment of Premises
    (All types of properties)

     

    Party Professional Fee/Commission Payable To Agency
    Assignor (party giving up) Minimum $3,000 or 10% Assignment Fee – whichever is higher
    Assignee (party taking over) Minimum $3,000 or 1 month’s gross rental – whichever is higher
    1. Associates shall not accept any commission from both the Assignor and Assignee in the same transaction. This is in strict compliance to the Estate Agents (Estate Agency Work) Regulations 2010.
    2. Commission shall become due immediately to Huttons Asia Pte Ltd upon execution of the assignment agreement.
    3. In a HDB assignment co-brokerage, the co-broking agents shall collect the commission from their respective clients as in the above.

3. Professional Code of Practice

  1. Associates shall at all times conduct themselves in a professional manner that will not prejudice the standards and reputation of Huttons Group and the real estate industry.
  2. Associates are reminded that they are not allowed to dual represent. They are not allowed to collect commission from both parties in the same transaction regardless of if consent has been given.
  3. Associates should not act against their fiduciary duty to their principal. All Huttons Associates MUST always co-broke with each other in any transaction. The sharing of commission shall be negotiated and agreed between the parties. A co-broke agreement MUST be submitted upon the submission of the transaction.
  4. As a GST-registered estate agency, Huttons Asia Pte Ltd is allowed to charge and collect GST.
  5. All commissions payable are subject to GST in accordance to the Goods and Service Tax Act.

4. Appendix

  1. ‘Associate’ refers to an individual who represents Huttons Asia Pte Ltd as “the Salesperson”.
  2. ‘Clients’ refer to those who engage the services of a salesperson.
  3. ‘Professional fee/commission’ refers to all forms of remuneration including commission, brokerage fee, finder’s fee, service fee, disbursements or any other sum payable by clients to Huttons Asia Pte Ltd.
  4. ‘Gross rental’ refers to total monthly rental (including rental of furniture, maintenance charge and sinking fund, where applicable).
  5. ‘HUDC flats’ refer to flats in the housing estates known as HUDC housing estates which maintenance and management are not under the Housing and Development Board (HUDC Housing Estates Act – Cap 131).