Commentary

We Reveal How Much Property Agents In Singapore Are Really Making: Here’s A Detailed Breakdown

  • September 11, 2022
  • 8 min read
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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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honest_me
honest_me
1 year ago

Disagree on the cost of car ownership being totally positioned as an expense for property agent.
Being a fair comparison to an average worker from other industry, the only difference on car ownership is only the use of the car for house visits, etc. Therefore only the cost of petrol should be considered when comparing against the average earnings of workers. Unless you are telling me you need to spend $1300 on petrol alone (purely for trips to support the agents work), then the comparison is fair.

Anyways, if you managed to sell more than 1 unit per month, or supplement with rentals, good property agents generally net 10-20k a month. At least that is what my friends are getting.

Not_an_property_Agent
Not_an_property_Agent
1 year ago
Reply to  honest_me

Totally agree. The calculation is more applicable to a newbie in the market for the 1st month who has only 1 property to market. Working with a team to share costs and marketing multiple properties at the same will drastically bring the per unit cost.

Joni Tay
Joni Tay
1 year ago

That also means income is shared and significantly goes down per closing

Joni Tay
Joni Tay
1 year ago
Reply to  honest_me

Minus social media costs which can go much higher than the portal costs; can easily range from $1000 to 5 figures a month.

Imagine having to commute from east to West then rush to North then to south and back again to west and east back to back vs daily community to and from work at specific location
Note: agents need to travel not only for viewings; need to meet for discussion; presentations; paperwork; handover; inspections; project briefings; trainings etc

Some listings view 100 times still not closed; some over a yr; imagine the time, effort, marketing costs

Yes if managed to close more than a deal in a month…. What about the marketing time before closing that deal…. What about the other months that have zero closing but all these marketing costs and time still are ongoing and out of pocket.

Everything is visual and high tech too. Invest in video equipments and software… invest in courses to learn … these take time; or pay to outsource to professionals to do … costs against time again

Those who earn higher have to invest in getting a PA to handle otherwise there is totally no time

Stacked Homes
Admin
1 year ago
Reply to  Joni Tay

Thanks for sharing further perspectives on this, very insightful!

Soo Eng See
Soo Eng See
1 year ago

New tactic of listing by property guru. Before a potential client can reach the agent advertising a home on property guru, a questionnaire pop up when one click on the agent’s contact. It’s asking personal particulars of potential client. With the current privacy law, it is not right for property guru to make such a move. To make matter worse, it’s questionnaire may not go beyond the form filling & therefore no contact is possible for the interested potential buyer. Agents, be aware that this is happening. Your advertisement is dead with this measure of property guru.

vcvcvc
vcvcvc
2 months ago

Just curious – after getting their license and training, is it possible for the agent to simply go ‘solo’ without being attached to an agency, thus saving the agency cut?

Stacked Homes
Admin
2 months ago
Reply to  vcvcvc

Hey! It’s not possible. The agent needs to be licensed under under an agency due to local laws and regulations. However, the agent can work with smaller boutique agencies if they want to reduce the cut paid to the agency.

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