since it's the only solution, then what's the problem?
does that 1% really have such a big impact when the property is worth so much?
all the hassle really worth saving that 1%?

I remember Speedhome tried to provide cheaper services to home owners who wanted to use their platform to sell properties.

They kena sue liou although that would be good for consumer . Cheaper agent commission....

It's like AirBnB versus Hotel...

Grab vs Taxi

Can Malaysia stop the progress of tech using law?

Then, we should ban AirBnB loh

And let the Hotel industry charge u MAX fees lah

No big impact mah...It's the only choice

AirBnB vs Hotel only small savings mah

Pay for Hotel loh

Ban all AirBnb

1% only mah.....Do u know the total value of transacted properties annually?

Not sure why are you complaining, no one forced you to use an agent.

I do not like to pay the 1 month commission for rental as well, that's why I have listed my rental property online and I got it rented out, of course I have to do everything myself but I treat it as a learning curve.

Agents do approach me as well and I told them outright that I want to bring the tenants in myself for the personal touch. I offered him half month commission just for the leads and we closed the deal together. H

Deals are crafted, if you want to save money be creative.

So many agent n popoty , I think 3 pc really jalan

lol.. so because the transacted value is high, they don't deserve to earn it is it?
you think ppl work for free meh?

its like "eh you know malaysia tax revenue from us rakyat is RM 100b eh... we pay so much tax for what? not like got benefits for us also"
then you complain.. x% is too high, I want y%

hotel also got cheap and expensive ah..
wanna ban airbnb, then have to go for hotel la..
nobody forced me to take an expensive hotel.. I can go to those shady cheap 3 stories shop lot 2* hotel also ah..

you dont want to pay the 3%, then find one agency that doesn't specialize in that specific area. 2% charge, but might take a longer time to sell off.. then.. would you be happier then?

these sort of complains, will have a never ending discussion one..
if legally agency / agents are allowed to charge for 3%, then why can't they charge 3%?
if they wanna charge 2% for more volume, also can ah.. that's up to them.. but 2% with higher volume, does that not affect their annual transacted value?
3% sell less, but more money at a time
2% sell more, with lesser money at a time..
in the end also comes back to x amount..
so....

if tech doesn't progress, a developed country will not be produced, that is bad for country's income.
that agency you mentioned, provided service at a much lower price, disrupting market that other providers could not compete, it is also bad..
one must provide service where its reasonable and able to have a competitive market..
airbnb vs hotel - hotel rooms only are affected, but they got other sources of income.. not only from providing rooms to tourists, but company contracts, event halls, banquets.. plenty to earn
also, got cheap and expensive airbnbs..
incomes from airbnbs are also taxable .. so income for government also..
grab vs taxi, honestly if taxi drivers were so shit, they wouldn't be affected that badly... Its only because they provide bad services, tamper with the meter and not reliable that it got eliminated.. Otherwise probably might be able to fight.. or sustain

law will always be a few steps behind the tech as new techs being developed and implemented, law will always be doing the catch up to protect the users..
but if legally ady stated 3% charge, agencies charge 3% as the max that they are legally too.. then what's the issue?

like if Bank Negara Malaysia states all banks are legally allowed to charge interest up to 15% per annum for personal loan, then all banks implement that 15% interest per annum
but you're short on funds and wanna take a personal loan and thinks 15% is too high.. then what can you do?
you don't like, then don't apply or can go find ah long, heck might even be higher than 15% later..
or just don't borrow at all and go broke..
what's your take?

With the main property portals only allow agents to list, I'll say we are forced to use them.

Advertise somewhere else?

Property agent is not essential to close a deal when compared to bank and lawyer. Nowadays you have YouTube, FB, Mudah.my, KOL and so many other medium to advertise your property. 3% commission is to trap all those newbies and water ikan who are either too naive or too lazy to do all the work so sure must pay to get service lor

Willing buyer then willing seller. Most agents especially area specialists could already have ready buyers at hand and most importantly, they know the area really well. When Im looking for a property, I would prefer to talk to these people as they know the way around, rather than someone who knows nothing about that area and property and trying to pull a fast one on me. Professionalism is the name of the game.

This post has been edited by TOMEI-R: Nov 30 2023, 06:45 PM

When dev also already squeeze out the last drop of margin, bottom feeder still think they have 3% is a little naive. nowadays text only CS for hire is just 500+ per mo including scheduling too. The rest is taken care by lawyer firm anyway. All mine and friends that i know of transacted to buyer after seeing ad online. The real market for anything above 900k is 1-1.5 max and subject to kpi.

I would say it's better to remove the law which stop others from entering the market and let others provide property services to customers. Then, it's a fair competition. Otherwise, you're depriving others an opportunity to be innovative. That's how u grow a market. Otherwise, it's just "toll collecting" from the market.

You must understand selling property doesn't need a genius like medical doctors or professional engineers. It doesn't need to be overly regulated.

Don't be like the old Proton lah

This post has been edited by boyboycute: Nov 30 2023, 09:09 PM

U think agent every week sell 1 house meh?

Or every mth sell 1 hse meh?

This 3% maybe is tahan 3 mth one or 6 mth

They should open up the market. Then , you'll see real professionalism in the market. Otherwise, who are u comparing to?

They're all agents...no one else are allowed by the law to do the job

Nobody is stopping you in becoming one. That is how the industry is regulated dude.

if u just want tongkat, and people to spoonfeed you without doing anything, just say it

Then , I really hope the government change the maximum fees to 4% and protect the market kaw kaw thru regulation.

Will owners still sell thru them or own sell, since they just add in the 4% into selling prices...it doesn't matter if it's 2%,3% or 4%

Can increase the fees because "business cost" has increased mah

Then how do the agents sell at 2% last time? House prices has triple and commission has increased to 3%.

Give me contact of an agent who is willing to sell at 2% and not at maximum fees of 3%

Just post his contact here or link his profile here

How will his company/ colleague treat him?

By now, you should understand the issue here

This post has been edited by boyboycute: Nov 30 2023, 09:59 PM