How does Preview Calculation for Flat/fixed rate commission work? June 01, 2022 06:39 Updated Follow In the Calculation tab, you will be able to see: Nett selling price of current unitThe Nett selling price of the current unit that the agency is selling for the project. The display price is just a sample price, for preview calculation purposes. SchemeThe commission scheme(s) that you have set up. Apply toThe specific unit number(s), or property type(s) that fall under the commission scheme that you have selected. Commission %The commission percentage that the unit sold is entitled for. It changes depending on the Scheme that you have selected. Full agency commissionThe total commission amount payable by developer to the agency for the unit sold. Payment terms The conditions surrounding the commission payment, agreed between developer and agency. These conditions only apply to a sale with a conventional loan/ LPPSA offer accepted or to a sale with cash buyer. These conditions will be the trigger point for initiation of commission claim by the agency. Progress claimThe payment stage that this claim falls under. Commission payment %The percentage portion of the commission to be paid out, for e.g. 50% of 3% commission to be paid upon reaching 1st Milestone. CommissionThe nett commission claim amount payable by developer to the agency for the unit sold. SST 6%The standard 6% service tax that is charged for the unit sold. Total co0mmissionThe commission claim amount payable by developer to the agency for the unit sold, as issued in the invoice. Flat/Fixed Rate Commission Structure Flat Commission Layout Type Commission % Flat 2% Type A & Type B 2% Flat 3% Type C & Type D 3% Payment Terms Conventional loan / LPPSA - 1st Payment Conventional loan / LPPSA - 2nd Payment Conventional loan / LPPSA - 2nd Payment Cash Buyer - 1st Payment Conditions SPA signed SPA stamped Loan offer accepted Differential sum (if any) Schedule 2a Schedule 2b SPA stamped SPA signed 20% Min. Downpayment / Min. Payment Received Commission payment % 30% 40% 30% 100% Commission Calculation Example 1: Nett selling price of current unit MYR 500,000 MYR 500,000 Scheme Flat 2% Flat 2% Apply to Type A & Type B Type A & Type B Commission % 2% 2% Full agency commission MYR 10,000 MYR 10,000 Invoicing Amount Payment terms Conventional loan / LPPSA Cash buyer Progress claim 1st 1st Commission payment % 50% 100% Commission MYR 3,000 MYR 10,000 SST 6% (exclusive) MYR 180 MYR 600 Total commission MYR 3,180 MYR 10,600 Example 2: Nett selling price of current unit MYR 500,000 MYR 500,000 Scheme Flat 3% Flat 3% Apply to Type A & Type B Type A & Type B Commission % 3% 3% Full agency commission MYR 15,000 MYR 15,000 Invoicing Amount Payment terms Conventional loan / LPPSA Cash buyer Progress claim 1st 1st Commission payment % 50% 100% Commission MYR 6,000 MYR 15,000 SST 6% (exclusive) MYR 360 MYR 900 Total commission MYR 6,360 MYR 15,900 Related articles How does the payment terms work? What is Commission Management?