As a buyer, should i pay house agent comission?
Comment added by mawar - Aug 11, 2011Thanks for the information provided to me. The house agent claimed i should pay to him since he brought me to the seller and claimed he has worked for me. i' m a bit confuse because i did call him to ask about the house and i agreed to buy the house after several negotiation with him as mediator and final stage with the owner of the house. But i never appoint him as my agent. He said that i should pay him because it is standard practise in Penang that both party will pay 1% comission each to the agent. Furthermore he is not listed agent. But i'm sure the owner has paid him the comission. Maybe 1%.
David Wong Lai Kwong replied on Aug 10, 2011:
Mawar,
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 +60193330573100%0%
Jason Goh replied on Aug 10, 2011:
Here's the way, Penang Real Estate Agency is taking commision from both side owner 1% buyer 1%.
Penang all agency is do the same way. only KL Real Estate Agency is only owner pay 2% to as agent fee.62%38%
Low Weng Soon replied on Aug 10, 2011:
Sorry typo error. it's "As registered estate agents, ...100%0%
Jeff Tan replied on Oct 7, 2014:
only at penang area buyer need to pay 1% commision from purchase price. if at kl, selangor, is no need for buyer0%0%- Jesse . replied on Jun 23, 2014:
Agreed with Andrew Ang Quoted by Andrew Ang: "Put yourself as an agent without normal salary and running everywhere 4 your client at your own expense. So how would you feel if your client don't pay you the commission?"0%0% - Jesse . replied on Jun 23, 2014:
Fellows REA & REN, We are practicing a win-win-win rules in properties market. The involved party are Tenant/Purchaser-Landlord-Agent. There is a case which seller did not want to pay commission to the agent, so what the agent do is he collect commission from the purchaser. The purchaser is happy to pay, the seller is happy to sell his property and the agent is happy to close deal.0%0%
JUDE THADDAEUS ANTHONY PILLAI replied on May 5, 2014:
I agreed with David Wong. For more info on the approved fee for Estate Agent...you may refer at below link. See under (C) Estate Agency http://www.lppeh.gov.my/fees.html0%0%
CY Chia replied on Oct 14, 2013:
According to law and regulations, buyer not need to pay any commission, only the owner to pay the commission. Thx.0%0%
Caiyi Choo replied on Mar 21, 2013:
i agreed with David wong lai kwong .
caiyi
senior estate negotiator0%0%
Kua. iPROP replied on Aug 11, 2011:
Most helpful answers, TQ Mr. Low. Care to elaborate further - what then would the rates be if we are acting for buyers/ tenants?0%0%
Low Weng Soon replied on Aug 10, 2011:
David Wong Lai Kwong is right. That's the offical stand that both the Board of Valuers, Appraisers and Estate Agents and The Malaysian Institute Of Estate Agents (MIEA)are taking. For your info, I have served as a member of the the Board and also previously as Acting President of MIEA. The only reason why I mentioned my background is to help clear the air once and for all. As register estate agents, it is our duty to educate the public on estate agency practice.0%0%- Anthony Liong replied on Feb 18, 2013:
If u not paying the commission , please tell upfront before viewing the property , Save agent's time, petrol etc. And if you are not willing to pay, please dont call me ya. Many willing to pay. Thx.33%67%
Andrew Ang replied on Aug 15, 2011:
Hello Vincent what was the answer I gave wrongly? Kindly advise. Tks H/P No.
019-44289280%100%
Andrew Ang replied on Aug 10, 2011:
Put yourself as an agent without normal salary and running everywhere 4 your client at your own expense. So how would you feel if your client don't pay you the commission?29%71%
Friday, December 19, 2014
As a buyer, should i pay house agent commission?
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