AskGuru Q&A Community

Make confident property decisions with advice from our experts

Asked by
I have seen numerous posts stating that tenant should not be paying for agent fee/ commission unless otherwise the agent is specifically engaged to assist in sourcing of apartment. However I feel this is usually not the case, at least in Johor Bahru area. Please contribute, in your opinion & guesstimate, what is the ratio of agents not charging agent fee to tenants. Also, should tenant be paying for agreement fee (condo/ service apartment)? Is this agreement fee referring to "stamp duty" fee?
0 •
1271 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

<en>David</en> <en>Wong Lai Kwong</en>
Replied
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
0
Upvote Upvoted

Still looking for answers?

Get advice from our community of experts

Ask Your Question
Previously Asked Questions