According to the Malaysian Institute of Estate Agents (MIEA), for the sale and/or purchase of land/buildings within Malaysia, the agent’s commission fees are set at a maximum of 3% of the property’s sale price.
For more information on the fees structure, read https://www.propertyguru.com.my/property-guides/pay-property-agent-fees-buyer-or-seller-13261
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The Board of Valuers,Appraisers & Estate Agents Malaysia has given guidelines on professional ethics and maximum fees chargeable by estate agnets. Estate agents can either be engaged by the Owner/Landlord or the Buyer/Tenant but estate agents cannot collect agency fees from both Owner/Landlord and Buyer/Tenant.If you are responding to the Estate Agent's property listing that is advertised then that Estate Agent is likely to have been engaged by the Owner/Landlord and a fee has been agreed to be paid by Owner/Landlord. Sometimes we have Buyer/Tenants who needed our services to find them a unique property at good prices or terms, then they will agree to pay us a fee upon success basis before we embark on the search and information gathering. Hope this will clear the air about our estate agency profession to clients like you.
Should you need further advise, please call David Wong at +60193330573 Read More
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