Agent Fees
1. Sale or Purchase
- Land and Buildings: Maximum fee of 3%
- Fees for other services (joint venture, sale of company, property swaps, etc.): Maximum fee of 3%
- Chattels including Plant and Machinery: 10% of the proceeds
- Minimum fee: As above, 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.
2. Lettings
| Duration of Tenancy |
Maximum Fee (equivalent to) |
| Up to 3 years | 1.25 months gross rental |
| Exceeding 3 years up to 4 years | 1.50 months gross rental |
| Exceeding 4 years up to 5 years | 1.75 months gross rental |
| Exceeding 5 years | 1.75 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 + 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 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.
3. Rent Reviews
- 50% of the fees chargeable under lettings
4. 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
Sample Calculations (SST 8%)
Sale Examples:
- Transacted Price: RM500,000
- Agent Fee (3%): RM15,000
- SST (8%): RM1,200
- Total Payable: RM16,200
- Transacted Price: RM1,200,000
- Agent Fee (3%): RM36,000
- SST (8%): RM2,880
- Total Payable: RM38,880
Rental Examples (SST 8%)
- Up to 3 years tenancy
- Monthly Rental: RM2,000
- Fee Equivalent (1.25 months): RM2,500
- SST (8%): RM200
- Total Payable: RM2,700
- Exceeding 3 years up to 4 years tenancy
- Monthly Rental: RM2,000
- Fee Equivalent (1.5 months): RM3,000
- SST (8%): RM240
- Total Payable: RM3,240
- Exceeding 4 years up to 5 years tenancy
- Monthly Rental: RM2,000
- Fee Equivalent (1.75 months): RM3,500
- SST (8%): RM280
- Total Payable: RM3,780
- Exceeding 5 years (with option for renewal, e.g. 7 years)
- Monthly Rental: RM2,000
- Fee Equivalent: 1.75 months + 0.25 x 2 = 2.25 months = RM4,500
- SST (8%): RM360
- Total Payable: RM4,860
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