Need urgent advice on legal fees
Need urgent advice on legal fees
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May 6 2010, 02:03 PM
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Junior Member
215 posts Joined: May 2008 |
The first Schedule of the Solicitors Remuneration Order 1991 sets out the fees to be collected by lawyers for work done in handling the sale or purchase of house based on the purchase price as follows:- 1% on the first RM100,000.00 0.5% on the next RM4,900,000.00 0.25% on the remainder For each sale and purchase of a house, the solicitors concerned can only collect fees based on the above scale from either the seller or the purchaser and not from both of them. so for your case whereby your house is 240k: 1% on 1st 100k = RM1000 0.5% on 2nd 140k = RM700 Total = RM1700 as proffesional fee. usually they will mark up the disbursement to gain more profit. But your proffesional fee is higher compared to the approved scale |
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