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Real Estate Agent commission for purchase

Specific discussions on relocating and moving to Shanghai. Please stay on topic!

Real Estate Agent commission for purchase

Postby wins » Fri Oct 16, 2009 10:56 am

Hi, tried searching on the forum, but noted that most topics were about rental of properties but not on purchase. Can someone advise how much dp I have to pay the real estate agent if I were to purchase an apartment in Shanghai? Thank you!
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Postby paulinshanghai » Fri Oct 16, 2009 11:08 am

The agent gets 1% from the seller and 1% from the buyer.

Perhaps you can negotiate this but I dont know.
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Postby monalisalee » Fri Oct 16, 2009 11:55 am

Yes, that is correct I believe. 2% total shared.
Like everything here, can be negotiated.
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Postby goingtoSH » Fri Oct 16, 2009 12:24 pm

thanks for the info. This forum is really helpful!
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Postby wins » Fri Oct 16, 2009 12:29 pm

indeed, thank you for your prompt response.
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Postby viv_part » Fri Oct 16, 2009 4:33 pm

Hello wins, just purchased a property in Pudong. Had a bit of a torrid time with the local agents. I ended up paying far less than the 1% due to the higher value of my prop but the 1% is the going rate.

In future, I'm planning to deal with only expat agencies for real estate issues. Just a forewarning, thats all.
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