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Lawyer's Corner v2, One-stop centre for any legal queries
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megat_t
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Apr 25 2012, 04:31 PM
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New Member
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Greetings Dario and everyone else.. My apologies first as this question was initially posted in the forum topics. I've closed the thread there. I'd like to get some advice pertaining the position of being a middle man for the buying/selling of property in Malaysia. Of late I've been approached by some friends who wants me to assist them in getting buyers for some properties..most of them are high end properties..vast lands..etc If I'm not a registered real estate agent..or negotiator...would it be legal for me to attain the commission through the marked up price for this type of transaction? For the most part, the price of the properties have been marked up considerably by these folks and they have assured me the sharing of the commission should the deal materializes. I was told by some quarters that as long as both the buyer and seller agrees to the middle men's role in the transaction as just a 'property matchmaker' then there should be no issues. Is there any validity to this statement? Pls advice. Thank you. This post has been edited by megat_t: Apr 25 2012, 04:34 PM
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megat_t
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Apr 26 2012, 03:07 AM
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New Member
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QUOTE(dariofoo @ Apr 25 2012, 10:42 PM) Basically you want to be a broker. Yes you can. But to protect your interest you must have black and white authorising the lawyer who is holding the funds to directly deduct and pay the commission to you before releasing the purchase price to the vendor (am assumiing that you collect commission from the vendor). The only thing which is prohibited is to collect any deposit or any monies whatsoever from the purchaser. A broker is not allowed to do that. Thanks Dario for the feedback. Appreciate it.
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megat_t
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Jun 22 2012, 01:37 PM
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New Member
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Greetings Dario and all...
My apologies if this is the wrong thread to query.
Is there such a thing as a tenancy or housing law which limits the amount of tenants or people in a particular unit?
I'm puzzled as to the amount of students renting in a such houses and apartments. My nephew has enrolled at his college in KL recently and apparently the respective college has provided accommodation in one particular apartment which accommodates 16 students in a 4 bedroom unit.
Definitely a safety hazard to me. Pls do advice.
Thanks for your time.
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megat_t
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Jun 23 2012, 09:59 PM
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New Member
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Thx Dario for your advice. My nephew's accommodation issue has been sorted out now.
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