It is basically a term that describes the sharing of commissions between 2 agents on opposite sides. If you are not an agent, perhaps this word might not be important to you.

But if you are planning to do your very own real estate transaction soon – whether you are buying or selling – then this co-broking term might be meaningful to you.

Why? Because how the co-broking deal is done will describe the nature and motivations of property agents – and why some of them behave the way they do.

Here are 5 things you should know about co-broking and how it affects agents’ commissions.

#1: In the HDB market, the buyer needs to pay 1% commission to their agent aka the buyer agent

If you engage an agent to help you with your resale HDB purchase, there will be a 1% commission payable to them.