Hi all,

Would like to know what is the formal way for negotiator to get commission?
Do share out here on your special experiences in dealing with negotiator when closing the deal.

Let me start with the special experiences that i heard from frend:
Buyer & negotiator (on behalf of owner) already agree (say 200k) & put 2% booking fee & a purchase agreement with 200k stated as house price. Few days later, negotiator come back saying he would like to change the purchase agreement to 195k & buyer need to pay the balance 5k (200k -195k) to negotiator after signing S&P. Meaning instead of paying only 8% (the balance of 10%) during S&P signing, buyer need to pay 5k directly to negotiator as introducee payment. Instead of paying only 20k (10%), now buyer need to pay 19.5k + 5k. Negotiator keep saying owner cannot be trust & might end up owner wouldn't pay him the commission for selling the house.

now, do anyone here face the same issue here when dealing with negotiator? Please do share your experience here.

don't buy..easy..no headache

TS is negotiator?
ur story is unnatural way of dealing...

Becareful of the negotiator. He is not honest. Just give him a flat fee of let say 2k. I am sure he will take it.. he already has a 'done deal' and he will take any amount! And just remember to pay in cheques, both to the owner and negotiator. Never pay cash.

You pay your part to the negotiator, the owner pays his part. If the owner refuses to pay, it's non of your business. In your case, it seems like the owner wanted 195k but the negotiator told u 200k, but S&P will indicate only 195k, meaning the negotiator will 'masuk' 5k. So what u should do is do the S&P at 195k, give him 2k and ask him to claim from the owner the other 2-3k. Otherwise threaten to abort the deal!

This post has been edited by newbie99: Mar 25 2010, 11:58 AM

no, i am not the negotiator.

The seller pays the commission. You are not obligated to pay the negotiator any fee.

i think only in KL that owner pays for the commission, Penang & other places, both parties pay 1% each.

thats what i heard also, how about in other places , say Johor, Kedah, etc ?
how does it work ?

i didn't pay a single cent to the negotiator when i purchased a subsale house in nilai...