Property Agent Commission

Property Agent services includes helping clients locating, identifying and securing sites for special use. Property Agent also provide advice and guides on promotion and marketing strategies of all type of commercial, residential and industrial property.

Property Agent Commission or Real Estate Agent Professional Fess is regulated by The Board of Valuers, Appraisers, Estate Agents and Property Managers, Malaysia.

property-agent-commission

Below is the scale of Property Agent Commission or Professional Fees (In accordance with the Seventh Schedule of Valuers, Appraisers and Estate Agents (Amendment) Rules 2009).

  1. Sale or Purchase
    (a) Land and Buildings

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

Maximum fee of 3%
(c) Chattels including Plant and Machinery

10% of the proceeds
Minimum fee: As above, subject to a minimum fee shall be 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 or property agent commission are to be agreed between the estate agent and the client.

The above scale of fees or property agent commission shall not apply to the sale of foreign properties in Malaysia or sale of Malaysian properties in foreign countries.

  1. Lettings
Duration of TenancyMaximum Fee
Up to 3 years1.25 months gross rental
Exceeding 3 years up to 4 years1.50 months gross rental
Exceeding 4 years up to 5 years1.75 months gross rental
Exceeding 5 years1.75 months gross rental
Exceeding 5 years
(without option for renewal)
1.75 months gross rental
Exceeding 5 years
(with option for renewal)
1.75 months gross rental plus 0.25 months rental for every additional year

Minimum fee : As above subject to a minimum fee of 1 month rental.

For tenancies less than one year, the fee or property agent commission may be calculated on a pro rata basis. The above scale shall not apply to serviced offices or apartments or any other premises of a similar nature.

  1. Rent Reviews
    50% of the fees chargeable under lettings
  2. Additional Claims
    In addition to the fees stated in items 1 to 3, claims may be made for:

(a) 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;

(b) the cost of media advertisements, signboards, brochures and other promotional material.
Note : The above additional claims may not be incurred by the registered estate agent without the prior concurrence of the client.

More information of Property Agency or Real Estate for Sale and for Rent. You may view our Listing.

Guides and more information about real estate, property valuation, and property management in Malaysia. You may like to read our Blog.

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