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urgent, normally how much the agent fee rate is given for the property sale value of more than RM 10 millions, please reply asap.. thanks
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1 Answer

<en>David</en> <en>Wong Lai Kwong</en>
Hi Mr. Gordan Tan. We have only one single fee structure provided by our Board of Valuers, Appraisers & Estate Agents Malaysia (www.lppeh.gov.my). Under the rules, agents are not allowed to charge an agency fee of more than 3% of the transacted price except for ,marketing of projects which are to be negotiated between agent and developer. It is common that agents charged 2% of the transacted price and 3% for lesser value properties plus 6% GST on the fee in the secondary market. The agents absorbed the advertising, promotion, marketing and miscellaneous costs. Having said that, owner and agent can still mutually agree on a fee on a win win basis so as not to demotivate the sales agent from achieving investing in the sale process. Do let me know if you need assistance in disposing your property in Kuala Lumpur or Selangor.Thank you
David Wong
Principal
QUANTUM Real Estate
Mobile:+60193330573
www.quantumrealestate.com.my Maklumat lanjut
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  • GT
    ok,thanks a lot for your info .. but may i know whether i should just get a middleman or legal licensed agent for this 10 millions property disposal?both agent and middleman will get 2 percent as their commission also ?

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