
WTA agent professional fees
WTA agent professional fees
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Oct 9 2023, 02:18 PM, updated 3y ago
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#1
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107 posts Joined: Nov 2009 |
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Oct 9 2023, 02:23 PM
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#2
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127 posts Joined: Sep 2005 |
Agent fees are paid by landlord. Not you
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Oct 9 2023, 02:24 PM
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#3
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208 posts Joined: Sep 2009 |
Hi usual practice is landlord to pay the agent fees. If the landlord is the one that engage the agent to find tenant. If however, you are the one that engage the agent to find a place for you, the fee you bear.
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Oct 9 2023, 02:24 PM
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#4
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2,506 posts Joined: Apr 2020 |
Usually owner need to pay , but seem like they take advantage of u donno how the fee works .
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Oct 9 2023, 02:30 PM
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#5
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14,511 posts Joined: Sep 2017 |
QUOTE(zain_azmira94 @ Oct 9 2023, 02:18 PM) Hi, I want to ask regarding agent professional fees, whats the fees for and why me as tenant want to rent the house need to pay ? There are two sides of agent's fee.![]() 1. Paid by Landlord, if he engage the agent to find a tenant. 2. Paid by tenant, if he engage agent to find a rental property. The agent can only collect from either the landlord or the tenant and NOT both or 50/50 if with agreement. Both methods are approved by LPPEH. Same for subsale. Better to clarify with agent ahead before viewing any property on fees to be paid by tenant or landlord or buyer or seller. This post has been edited by mini orchard: Oct 9 2023, 02:37 PM eugenepoon liked this post
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Oct 9 2023, 03:37 PM
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#6
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42 posts Joined: Oct 2019 |
Where is the property at?
I read on kopitiam section previously which it is a norm that the agent will charge both sides in penang and JB. |
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Oct 9 2023, 03:48 PM
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#7
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QUOTE(Tanjiro @ Oct 9 2023, 03:37 PM) Where is the property at? Even if both side paying, then it should be 50/50.I read on kopitiam section previously which it is a norm that the agent will charge both sides in penang and JB. tinkerfy liked this post
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Oct 9 2023, 05:10 PM
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#8
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QUOTE(mini orchard @ Oct 9 2023, 02:30 PM) There are two sides of agent's fee. 1. Paid by Landlord, if he engage the agent to find a tenant. 2. Paid by tenant, if he engage agent to find a rental property. The agent can only collect from either the landlord or the tenant and NOT both or 50/50 if with agreement. Both methods are approved by LPPEH. Same for subsale. Better to clarify with agent ahead before viewing any property on fees to be paid by tenant or landlord or buyer or seller. QUOTE(Tanjiro @ Oct 9 2023, 03:37 PM) Where is the property at? The trick in JB is the owner's agent pass the listing to another agency's agent. The other agent will publish the ads in online website. When the future tenant contact via online website, they are contacting an agent that will act for the tenant.I read on kopitiam section previously which it is a norm that the agent will charge both sides in penang and JB. The seller's agent who don't do anything except passing the listing to another agency will enjoy the fee from the landlord. While the agent that publish the ads will demand fee from the future tenant. It's a practice done widely in JB in order for REN to get more income from the rental market. So, every agency share their listings with other agency to earn more. This post has been edited by Gabriel03: Oct 9 2023, 05:11 PM |
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Oct 9 2023, 05:12 PM
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#9
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1,102 posts Joined: Dec 2016 |
agent fee/comm is by landlord. almost nvr heard by tenant.
if agent insists by tenant, change agent |
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Oct 9 2023, 05:15 PM
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666 posts Joined: Jun 2017 |
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Oct 9 2023, 05:39 PM
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QUOTE(Gabriel03 @ Oct 9 2023, 05:10 PM) The trick in JB is the owner's agent pass the listing to another agency's agent. The other agent will publish the ads in online website. When the future tenant contact via online website, they are contacting an agent that will act for the tenant. It is common to have an agent advertising another agent listing.The seller's agent who don't do anything except passing the listing to another agency will enjoy the fee from the landlord. While the agent that publish the ads will demand fee from the future tenant. It's a practice done widely in JB in order for REN to get more income from the rental market. So, every agency share their listings with other agency to earn more. But the important part is to ask who pays his fee. If the tenant agrees, then is a deal. Otherwise look elsewhere. The tenant don't have to know the property belongs to which agent. |
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Oct 9 2023, 05:40 PM
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Oct 9 2023, 05:56 PM
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QUOTE(mini orchard @ Oct 9 2023, 05:39 PM) It is common to have an agent advertising another agent listing. But the important part is to ask who pays his fee. If the tenant agrees, then is a deal. Otherwise look elsewhere. The tenant don't have to know the property belongs to which agent. QUOTE(mini orchard @ Oct 9 2023, 05:40 PM) i heard about tenant paying agents fee thingy in Penang & JB...my relative faces this thingy before.The issue is it is a common practice in JB/Penang. As a tenant, if the whole market is by this practice, how the tenant walk away? |
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Oct 9 2023, 05:57 PM
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1,102 posts Joined: Dec 2016 |
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Oct 9 2023, 05:58 PM
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Oct 9 2023, 06:02 PM
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QUOTE(Rinth @ Oct 9 2023, 05:56 PM) i heard about tenant paying agents fee thingy in Penang & JB...my relative faces this thingy before. I am sure there are landlords who advertised. They also want to save on paying fees. Is only whether tenant wants to do the extra work.The issue is it is a common practice in JB/Penang. As a tenant, if the whole market is by this practice, how the tenant walk away? |
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Oct 9 2023, 06:03 PM
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Oct 9 2023, 06:10 PM
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Agent should be collecting advanced rental portion from tenant and RM72 SST from the landlord, which will be submitted to his agency. All other deposits are transferred to the landlord directly by the tenant. No such thing as 'professional fees'. Tenancy agreement fees is the 'extra' which the agent can earn.
If your agent insists on collecting all, be careful its a conman. Happened a lot on naive students. |
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Oct 9 2023, 06:19 PM
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QUOTE(tinkerfy @ Oct 9 2023, 06:10 PM) Agent should be collecting advanced rental portion from tenant and RM72 SST from the landlord, which will be submitted to his agency. All other deposits are transferred to the landlord directly by the tenant. No such thing as 'professional fees'. Tenancy agreement fees is the 'extra' which the agent can earn. Professional fees = Agency Fees = Agent's Commission.If your agent insists on collecting all, be careful its a conman. Happened a lot on naive students. Normally non registered Ren's will do it that way. This post has been edited by mini orchard: Oct 9 2023, 06:24 PM |
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Oct 9 2023, 08:57 PM
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QUOTE(Gabriel03 @ Oct 9 2023, 05:10 PM) The trick in JB is the owner's agent pass the listing to another agency's agent. The other agent will publish the ads in online website. When the future tenant contact via online website, they are contacting an agent that will act for the tenant. haha it depends strongly by the market competition, not only apply in JB, except klang valley bcos agents over there 2pid very hungry, fight till comm % also lower than other states mostly, till do big case also not attractive bcos too many party trying to take a cut and landlord have the sayThe seller's agent who don't do anything except passing the listing to another agency will enjoy the fee from the landlord. While the agent that publish the ads will demand fee from the future tenant. It's a practice done widely in JB in order for REN to get more income from the rental market. So, every agency share their listings with other agency to earn more. |
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