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SMC - SEAA Mediation for Estate Agents

 

 

SEAA has identified the Singapore Mediation Centre (“SMC”) to serve as its preferred dispute resolution channel to provide a platform for disputes arising between salespersons (involving commission and related estate agency services), which is currently not under the purview of the Council for Estate Agencies.

 

For sum of claim S$60,000 or less, the case falls under their Small Case Commercial Mediation Scheme (SCCMS). The fees are stated below while the process can be viewed HERE.

 

 

Quantum of Claim(s) and Counterclaim(s) (S$)

Mediation Fee (S$) The first 2 hours of mediation are free of charge.                                   

Up to $20,000

$80.25 (inclusive of GST) per party per hour or part thereof from the 3rd hour onwards

Above $20,000 up to $40,000

$107 (inclusive of GST) per party per hour or part thereof from the 3rd hour onwards

Above $40,000 up to $60,000

$160.50 (inclusive o GST) per party per hour or part thereof from the 3rd hour onwards

 

For sum of claim more than $60,000, the case will fall under their Commercial Mediation Scheme. Fees under this category will start from $963 (inc GST) per party per day. Click HERE to view rates

 

If you are a member of SEAA, you are entitled to additional benefits offered by SMC:

 

  • For quantum of claim above $250,000, enjoy $500 off your mediation fees (discount is not applicable for the $267.50 filing fee)
  • Free legal consultation on the drafting of mediation clauses;
  • 15% discount off published rates for members who register for the SMC’s conflict management workshops and seminars;
  • 15% off customised in-house conflict management workshops conducted by SMC.

 

Contact SEAA today for more information!