Oct 9 2023, 05:10 PM
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.
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?
I read on kopitiam section previously which it is a norm that the agent will charge both sides in penang and JB.
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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