Agency Fees

Real estate agency fee for sale or purchase and letting are provided in the Seventh Schedule (Rule 48) of Valuers, Appraisers and Estate Agents Act 1981 and Rules 1986.

ESTATE AGENCY FEES

1. Sale or Purchase

(a) Land and Buildings  3%  of the Selling Price

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

(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 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 too)
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 plus 0.25 months rental for every additional year

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/apartments or any other premises of similar nature.

3. 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 mate