ESTATE AGENCY

1.      Sale or Purchase

1.      Land and Buildings

a)      2.75% on the first RM 500,000

b)      2 % on the residue over RM 500,000

2.      Chattels including Plant and Machinery -  10 % of the proceeds

Minimum fee : As above but may be subject to a maximum discount of 30% and the minimum fee shall be RM1,000 per case.     

The above scale applies to any sale or purchase by way of private treaty, tender or any other mode of disposal or acquisition.

For Sales and Marketing of projects by registered estate agents the fees is to be agreed between the estate agent and the client.

The above scale of fees shall not apply to the sale of foreign properties in Malaysia or sales of Malaysian properties in foreign countries.

2.       Lettings

Minimum fee  : As above, but may be subject to a maximum discount of 30 % or a minimum fee of 1 month rental.

For tenancies less than one year, the fee may be calculated on a pro rata basis.

The above scale shall not apply to serviced offices/apartments or any other premises of similar nature.

3.    Rent Reviews - 50 % of the fees chargeable under lettings

4.    Additional Claims

In addition to the fees stated in items 1 to 3, claims may be made for:-

a)     The cost of printing, plans, copies of documents, lithography, traveling (only where the distance between the estate agent office  and the property is more than 40 km) and other expenses actually incurred;

b)      The cost of media advertisements, signboards, brochures and other promotional material.

Note: The above additional claims may not be incurred by the registered estate agent without prior concurrence of the client.