1 Answer

David Wong Lai Kwong
Irrespective of which State, our professional practice is governed by the Board of Valuers, Appraisers, Estate Agents and Property Managers, Malaysia under the purview of the Ministry of Finance, Malaysia. You may obtain the do and don'ts from their website http://lppeh.gov.my Under the tab "About LPPEH" and then scroll to "Code of Conduct" it is clearly stated that "A registered estate agent shall not accept fees from more that one client in any one transaction." A very high percentage (almost 100%) of agents/negotiators in Kuala Lumpur and Selangor do not charge both the Landlords and Tenants. I am not sure about the practices in Johor Bahru. The terminology Agreement Fees is new to me. I would presume that it refers to administrative charges for the Tenancy Agreement which does not include the Stamp Duty charges which is fixed under the Stamp Duty Act. Under the Bar Council regulation, an agent/negotiator cannot charge any fee for doing up the Tenancy Agreement besides a lawyer. David Wong (E2097) Mobile: +60193330573  UANTUM REAL ESTATE - E(3)1320 Read More
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