{"id":26105,"date":"2019-05-22T11:50:05","date_gmt":"2019-05-22T03:50:05","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=26105"},"modified":"2022-06-13T16:34:10","modified_gmt":"2022-06-13T08:34:10","slug":"property-agent-of-the-day-buyers-agent-sellers-agent","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/property-agent-of-the-day-buyers-agent-sellers-agent\/","title":{"rendered":"Property Jargon of the Day: Buyer’s Agent \/ Seller’s Agent"},"content":{"rendered":"
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Every day, 99.co picks a piece of property jargon and demystifies it. Today, we’re looking at the buyer’s, or seller’s agent:<\/p>\n

Why are there two property agents involved?<\/h3>\n

In some other countries, it’s possible for one property agent to represent both the seller and the buyer. This is known as dual agency. However, dual agency is banned in Singapore because it creates a conflict of interest (e.g. a dual agent could be motivated to ask the seller to jack up the price, and then convince the buyer to accept it; a higher price would mean a bigger commission).<\/p>\n

\"Two
Dual agency is banned in Singapore because it creates a conflict of interest.<\/figcaption><\/figure>\n

A property agent who collects commission from you cannot collect commissions, co-broking fees, or other payments from the other party. They also cannot collect payments from the other party’s property agent.<\/p>\n

Note that dual agency agreements are illegal for a property agent, even if the buyer or seller consent to it.<\/p>\n

The buyer and seller’s property agents can, however, be from the same property agency.<\/p>\n

What does the buyer’s agent do?<\/h3>\n
\"Ready
A buyer’s agent helps the buyer arrange home viewings and more.<\/figcaption><\/figure>\n

A good buyer’s agent should help you to do the following:<\/p>\n