KNOW THE RATES

Estate agency fee

Sale or purchase1 :

Land and buildings
Maximum fee of 3%

Fees for other services such as joint venture, sale of company, property swaps, etc.
Maximum fee of 3%

Chattels including Plant & Machinery
10% of the proceeds

Lettings : Duration of tenancy   Maximum fee
Up to 3 years   - 1.25 months gross rental
Exceeding 3 years up to 4 years   - 1.5 months gross rental
Exceeding 4 years up to 5 years   - 1.75 months gross rental
Exceeding 5 years (without renewal option)   - 1.75 months rental
Exceeding 5 years (with renewal option)   - 1.75 months rental plus
0.25 month rental for every additional year
Rent reviews :

50% of the fees chargeable under lettings
Additional claims :

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

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

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


Note:

  1. The fee may be subject to a minimum fee of RM1,000 per property.

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

    For sale and marketing of projects by registered estate agents, the fees are 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 sale of Malaysian properties in foreign countries; and