First time selling in KL, anyone can enlighten me on who keeps the earnest monies if the sale goes south? Can the agency keep 50% of this earnest monies?
Earnest Deposit, Who keeps it if things go south?
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 Nov 6 2019, 06:56 PM, updated 7y ago
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#1
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Probation
1 posts Joined: Nov 2019 
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Nov 7 2019, 07:35 AM
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#2
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All Stars
14,511 posts Joined: Sep 2017
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In the absent of any agreement or understanding between landlord and agent on earnest deposit, the industry practice is 50:50.
This post has been edited by mini orchard: Nov 8 2019, 06:14 AM |
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Nov 8 2019, 01:05 AM
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Senior Member
1,251 posts Joined: Jan 2012
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Have u signed the booking/option to sell?
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