Do auction houses pay commission to agents?

In the context of real estate auctions in Singapore, auctioneers and the involved real estate agents can earn commissions. Here’s how it typically works:

- The auctioneer usually receives a commission, which is a percentage of the sale price, typically ranging between 1.5% and 2.0% of the sale price.
- Additionally, there may be an entry fee, which can vary but is usually between $300 and $750.
- Real estate agents involved in the transaction, particularly those representing the seller, can also earn a commission. This commission is usually negotiated and can range from 1% to 4% of the sale price, depending on the agreement.

In cases where both the buyer and seller have agents, the commission is often split between them, a practice known as co-broking. However, the seller's agent typically bears the responsibility for paying the buyer's agent's share from their own commission.