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Become a 3rd party to sell Land, Need Info and advice
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TSnaughtyz
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Dec 16 2009, 06:12 PM, updated 16y ago
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Hello there,
I'm helping/Working of selling a Property that owned by my friends, I realy don't know how the commision or incentive that The purchaser/vendor gonna give me.
As a case is The Land is worth of rm10m (example) but the vendor offer me of rm25k for the insentive if i can sell the properties/land for him, but i have heard they suppose to give 1% of the land price as a incentive and you can get from both side....but i confuse...can some 1 link me the procedure or any info..i am very newbie...
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am_eniey
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Dec 16 2009, 06:48 PM
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usually around 1%
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ed0gawa
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Dec 16 2009, 11:29 PM
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QUOTE(naughtyz @ Dec 16 2009, 06:12 PM) Hello there, I'm helping/Working of selling a Property that owned by my friends, I realy don't know how the commision or incentive that The purchaser/vendor gonna give me. As a case is The Land is worth of rm10m (example) but the vendor offer me of rm25k for the insentive if i can sell the properties/land for him, but i have heard they suppose to give 1% of the land price as a incentive and you can get from both side....but i confuse...can some 1 link me the procedure or any info..i am very newbie... Well, let's see .. 1st, you are not a registered real estate agency's negotiator/real estate agent. So why the puck should i give you commission accordingly to the law? I as the land owner, i have the right to not even give you a single cent, you have nothing against me. The RM25k, take it or leave it. Well, the situation is something like above you see. If you ain't happy with the incentive he is giving you, 1. ask for more 2. don't deal
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edyek
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Dec 17 2009, 08:13 AM
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QUOTE(naughtyz @ Dec 16 2009, 06:12 PM) Hello there, I'm helping/Working of selling a Property that owned by my friends, I realy don't know how the commision or incentive that The purchaser/vendor gonna give me. As a case is The Land is worth of rm10m (example) but the vendor offer me of rm25k for the insentive if i can sell the properties/land for him, but i have heard they suppose to give 1% of the land price as a incentive and you can get from both side....but i confuse...can some 1 link me the procedure or any info..i am very newbie... I've been dealing with lots of land deal before. Normally the buyer will not give u the commission. It is the owner of the land (seller) who will give u between 1%-3%. But this percentage varies from different owner, if you are without license and he offer you RM 25k, i say take it. Since you are not experienced and without license to brokerage the deal. If you are interested, PM me. I can guide you in this.
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TSnaughtyz
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Dec 20 2009, 02:33 PM
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Tq edyek....yr info very useful to me and i wish got close this deal within 1 year
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PrinceHamsap
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Dec 20 2009, 02:42 PM
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if agent not mistaken will take a standard commission 2% for the firm
if u are talking about 10mil property, even 1% or lesser there are willing agents for it
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edyek
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Dec 20 2009, 07:39 PM
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QUOTE(naughtyz @ Dec 20 2009, 02:33 PM) Tq edyek....yr info very useful to me and i wish got close this deal within 1 year No problem. Good luck to you.  Send me a cup of coffee from Starbucks when you make you deal through.
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TSnaughtyz
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Dec 22 2009, 10:02 AM
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no worries..starbuck should be no problem...
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