In the Calculation tab, you will be able to see:
- Nett selling price of current unit
The 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.
The commission scheme(s) that you have set up.
- Apply to
The 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 commission
The 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 claim
The 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.
The 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 co0mmission
The commission claim amount payable by developer to the agency for the unit sold, as issued in the invoice.
Flat/Fixed Rate Commission Structure