Payment Method for Real Estate Agent

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25 month’s rent More than 3 years to 4 years: 1.5 month’s rent More than 4 years to 5 years: 1.75 month’s rent Over 5 years: 1.75 month’s rent For example, if the monthly rent is RM1,000 for a two-year contract, the agent can charge a fee of RM1,250. However, in the Klang Valley, agents usually charge a minimum fee of one month’s rent for house rentals.


3. Is Service Tax Payable? Registered agencies are required to collect a canada whatsapp number database Service Sales Tax (SST) of 6% on the commission. If the agency fee is 3%, the SST payable would be 0.18% (6% SST x 3% commission), totaling 3.18% of the sale price. For rentals, if the fee is RM1,000, the total amount collected by the agent will be RM1,060, including SST. 4.


Fees Many hesitate to hire a real estate agent because they think they need to pay upfront or from their pocket. In reality, that’s not the case. Real estate agents cannot ask for an advance payment from sellers, which goes against ethical practices. real estate agent The fee is only payable if the sale is successful, i.e., after the seller and purchaser sign the sales and purchase agreement.