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Property agent fined for fake offers: Home buyers' and sellers' agents can share fees only if they declare, say experts
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Experts said that in the resale market for Housing Board flats and private estates, the seller typically pays the commission to the property agent, although the buyer might choose to pay a commission too if he engages a property agent to help with his needs.
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SINGAPORE - Questions have swirled after a property agent was given a record sentence for faking offers in a private home sale, with the aim of getting a bigger commission from the seller at the expense of his client, the buyer.
How often does this occur, and can a property agent represent both the seller and buyer of a home, and get commissions from both?
