To start with, any sound investment requires just a little luck, but mostly a reliable eye and an analytical mind. An even more fortunate investment requires all of these, as well for a knack for selecting a committed, trustworthy and well-informed partner. Prime district property in Singapore has no lack of typical property agents who are prepared introduce a list of properties from which to buy and also to help seal off a deal competently. But agents sometimes pack along a listing of profession ills — an inclination to hard-sell by bombarding clients with uninvited offers, a deficit of commitment to the long-term interest in the property and a fixation on sealing a deal as fast as possible with little regard for clients’ interests.

On the other hand, an ideal working relationship is with someone who goes beyond the expectations of an agent. They are an efficient and trusted property agent, but likewise one who pays focus to market trends and price movements, who analyses and follows up on new inquiries, and who casts a wide net for both buyers and sellers of varied expectations i.e. someone who’s had first-hand experience with buying and selling and behaves as an investor himself.

I recommend which respectable real estate agent will possess the following trade qualities:

1. CEHA qualifications

The CEHA stands for Common Examination for Housing Agents. It’s deemed an accreditation scheme for auctions and agencies that has been around in place since 2005. The CEHA is introduced by ways of this Singapore Accreditation Estate Agency Scheme (SAEA). The Institute of Estate agents (IEA) and the Singapore Institute of Surveyors and Valuers (SISV) jointly run certainly and are supported by the Ministry of Finance, Housing and Development Board and the Inland Revenue Authority of Singapore. The SAEA sets guidelines, minimum educational and exercise standards for Fourth Avenue Residences Bukit timah agents, the actual requirement that they pass expert examination. A strict code of conduct is also observed. The aims for this scheme are to raise professional standards in providing a service to homebuyers and sellers.

2. Willingness to have a separate supplier for handling clients’ money

An agent should be willing have to be eliminated clients’ monies i.e. option or deposit monies, from a separate current account from their own. On top of the technicality that clients’ monies are held on trust from your estate agent, an understanding agent should always be ready to take more measures to in avoiding the instances of the wrongful refusal to refund clients’ deposits i.e. rental deposits.

3. Recommended commission fee

To prevent fee undercutting, professional estate agencies/agents usually observe a prescribed scale of fees. In the context of Singapore, a fee of 2% for this sale charges are recommended from your SISV, that also is further subject to a minimum of S$500. Furthermore, the commission/fee for project marketing is flexible. The Institute of Estate Agents makes recommendations for a variety of types of properties/projects. Along with an agent should be forthcoming with information on all regarding recommended amount.

For example, for private properties, the vendor pays on the 2% for this contracted monatary amount. The buyer pays 1% as finder’s fee, if an agency is represented by a broker. An agency shall not be accepting any commission/fee from both exchanging parties in the same transaction, without prior knowledge and consent of the parties.

For project marketing of your sale and get of beyond what four units, commission/fee shall be negotiable. The commission becomes due immediately upon completion of sales and obtain or as otherwise agreed between the parties.