TYPES OF AGENCY

Types of agency:

Exclusive Agency

This refers to the instruction from a principal to a single
estate agent to act on his behalf. The principal may make
introductions but will leave the dosing of the transaction to
the estate agent. The principal must pay the appointed
estate agent the agreed fee even if the estate agent was not
the effective cause of the transaction.

Sole Agency

Just as in exclusive agency a single estate agent is engaged
The principal may, however, wish to reserve the right to dose
deals himself and is not obligated to pay the agent his fee in
addition to making introductions or an arrangement may be made
for a discount in fees where the principal plays an active role.

Sole Joint Agency

This is a variation of the Sole Agency. The estate agent works
together with the principal as a team and the fee is divided on
a pre-agreed formula. The principal has the flexibility to
compensate additional estate agents and at the same time
maintain the advantage of having one estate agent in control.

Joint Agency

This is where more than one estate agent is appointed and
only the estate agent who doses the deals gets paid. The
number of agents appointed is limited and each is aware of
the appointment of the others.

Ad Hoc Basis or commonly referred to as “Open Listing”

In this case the principal can engage an unlimited number
of estate agents on an ad hoc basis and fees are paid only
on successful conclusion of the estate agency transaction.

ESTATE AGENCY FEES

ESTATE AGENCY FEES

1. Sale or Purchase
(1) Land and Buildings

(i) 2.75% on the first RM 500,000 (ii) 2 % on the residue over RM 500,000

(2) Chattels including Plant and Machinery - 10 % of the proceeds

Minimum fee : As above but may be subject to a maximum discount of 30% and the minimum fee shall be RM1,000 per case.

The above scale applies to any sale or purchase by way of private treaty, tender or any other mode of disposal or acquisition.

For Sales and Marketing of projects by registered estate agents the fees is to be agreed between the estate agent and the client.

The above scale of fees shall not apply to the sale of foreign properties in Malaysia or sales of Malaysian properties in foreign countries.

Estate agents seeking action against illegal ones

Saturday, July 21, 2007
The Star Online

Sunday July 22, 2007
Estate agents seeking action against illegal ones
By ROYCE CHEAH

KUALA LUMPUR: The Malaysian Institute of Estate Agents (MIEA) is puzzled why no unlicensed real estate agent has been brought to court despite 20 police reports lodged so far.MIEA president K. Soma Sundram claimed that there were more than 10,000 unlicensed agents and they were hurting the industry image.

Soma Sundram said there were about 1,500 active legitimate estate agents at present and 10,000 genuine real estate negotiators in the country.“Unlicensed agents hurt the image and professionalism of the industry while posing a threat to the public because there will be no legal recourse if something goes wrong.”Soma Sundram told a press conference yesterday that unlike registered estate agents, unlicensed agents would not maintain clients' accounts or have professional indemnity.“They may charge a lower service fee, but they will sell a property for more than the price agreed to by the seller and pocket the difference.“Most of these agents are housewives.

Even expatriate housewives are getting into the business,” he claimed.Soma Sundram also alleged that retired or inactive registered estate agents were leasing out certificates to unlicensed agents.“This is so the illegal agents will appear to be operating legitimately. We will take action as we know who these people are.”MIEA has sent two letters to Prime Minister Datuk Seri Abdullah Ahmad Badawi detailing the problems of unlicensed agents and seeking the Government's help.On how the public could identify whether an estate agent was legitimate or not, Soma Sundram said there were a number of ways that include ensuring the agent has a physical office and advertisements carry office telephone numbers and the firm's “E-number” to show that the firm was registered with the Board of Valuers, Appraisers and Estate Agents.

Source : The Star Online
Posted by iProp Realty at 6:36 PM 0 comments

DAMANSARA UTAMA

2 Storey Terrace House
Damansara Utama
Petaling Jaya

Asking Price: RM 670,000




Property Descriptions:

• Endlot
• Land Area: 1,540 (22x70)
• Built up Area: 2,300 sqft
• Large lounge area
• parking for 2 cars
• 4bedrooms+3modern bathrooms
• Fully renovated move in condition

please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

SEC.13, SHAH ALAM

Office FOR RENT!!! (RM ???)
Section 13,
Business Park,
shah alam



Property Descriptions:

• Level 1
• size approx. 9'x9' sqf
• Glasses partition wall/Tiles (floor)
• Nice office

Facilities:

1. Near to Shah Alam Stadium
2. Giant hypermarket
3. Easy access to Federal and Guthrie Highway
   

Please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

SEC.6, SHAH ALAM

2 Storey Terrace House
Section 6,
shah alam

RM 460 000


Property Descriptions:

2 storey house located at Seksyen 6 Shah Alam

- 2000 sqf
- Size : 24 x 84 with extra large internal area
- 5 bedrooms
- Fully renovated and extended with 5 rooms + 4 baths
- Superb amenities with great road access
- Near to Seksyen 6 wet market
- landscape/garden

Please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

SHAH ALAM COMMERCIAL CENTER

Apartment FOR RENT!!! (RM 900 P/month)
Apartment Commercial Center
Section 7 Shah alam.



Property Description:

• Level 1
• move in condition
• Floor finishes (Tiles)

Facilities:

• Easy access to Federal Highway
• public transport such as KTM komuter and rapid KL
• Near to UiTM shah alam 2nd gate (walk in distance)
• Shops area/Bintang Hypermarket/7 Eleven
• Marrybrown/Restaurant "Tom Yam" and others
• Cybercafe/workshop

Please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

SHAH ALAM, SECTION 7

Apartment FOR RENT!!! (RM 1200 p/month)
Apartment Baiduri,
Section 7 shah alam (Near to Uitm main gate)



Property Description:

1. Partly Furnish
2. level 10
3. 3bedrooms + 2 bathrooms
4. Private Car park
5. Gated area (24hours)
6. Nice view…opposite to Bungalow area section 7

Provided:

• sofa
• Washing machine
• Dryer
• 3unit stand fan and ceiling fan
• Iron
• Fridge
• Mattress
• stove

Facilities:

• Near to McD and KFC
• Printing and photocopy shops
• Nearest to Foodcourt Section 2
• Easy access to Federal Highway
• Public Transport such as Rapid KL, Cab and KTM Komuter (Padang Jawa station)
• Just take 5minute to town center- SACC Mall, PKNS, Plaza Alam Central (PAS)

Please do not hesitate to call me for viewing:
FUAD: 016-2428927/03-51217205

BKT JELUTONG, SHAH ALAM

New Shoplot
D'Bayu Bkt Jelutong
Shah Alam
RM ??? (Best Price)




Property Descriptions:

• Built up area: 1,573 sqf


• Level 1


• CCTV/Guarded


• Facing Field (nice view)

Facilities:

1. Near to Bkt Jelutong Golf Course


2. Easy access to Federal Highway and Guthrie Highway


3. Near to shops


4. Strategic Location with Privacy area

Please do not hesitate to call me for viewing:
FUAD: 016-2428927/03-51217205

TAMAN PERMATA, MELAWATI

2 Storey Terrace House
Taman Permata, Melawati
RM 200 000



Property Descriptions:

• Built up area 744sqf
• freehold
• 2 bedrooms + 2 bathrooms

Facilities:

• Easy acces to main road
• near to shops area
• nearest to carrefour wangsamaju
• near to town center

Please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

TAMAN GOMBAK, GOMBAK

1 Storey Terrace House
Taman Gombak, Gombak

RM 220 000


Property Description:

• 3 bedrooms + 2 bathrooms
• Opposite to fiel and playground
• near to shops
• Easy access to KESAS Highway
• Duta Bus station

please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

KOTA KEMUNING, SHAH ALAM

3 Storey Terrace House (Inter and corner lot) ** 24 units**
Kota Kemuning, Shah Alam

RM ??? (Best Price)





Property Descriptions:

2nd Floor (1 bedroom + 1 bathroom)
1st Floor (2 bedrooms + 1 bathroom )
Grd Floor (Living room + kitchen + Store)

*** All rooms with ceiling fan
***move in condition

Facilities

• Opposite to surau
• Near to field/playground/Laundry/shops
• Guarded
• Just take a few minute to Lake Garden/McD kota Kemuning

please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

SRI ACAPELLA SERVICE APARTMENT ,SHAH ALAM

Sri Acapella Services Apartment, Shah Alam
RM 260 000






Property Descriptions:

1. Built up area 740sqf
2. 1 bedroom + 1 bathroom (Director Suite)
3. Fully tiles
4. with Ceiling fan and modern lighting

** Suitable For Executive**

Facilities:

• Security/access card
• Swimming Pool
• Private Car park
• Gymnasium and clubhouse
• Playground
• Reading Room/nursery/multipurpose hall
• Maybank (ATM)
• Nearest to stadium shah alam
• Giant and Tesco shah alam
• Extreme Park with KFC and Burger King
• PTPTL /MSU college
• Easy access to Federal and Guthrie Highway

Coming soon: Open space food court....Bali's concept

* Satay station@ Bali 13

please do not hesitate to call me for viewing:

FUAD: 016-2428927/03-51217205

VILLAWANGSAMAS CONDOMINIUM

Villawangsamas Condominium,
Wangsamaju

RM 350 000

PROPERTY DESCRIPTIONS:

* Built up area: 1267 sqf
* Rental pice: RM 1600 (good for investment)
* 3+1 bedrooms,3 bathrooms with 2 shower glass
* complete tiles
* Std kitchen cabinet
* 3 unit airconds (all rooms)
* 2 unit water heaters
* moden plaster ceiling

*** EXTRA***
Good Location, near to Jaya Jusco and carrefour wangsamaju,
coming up soon Wangsa Walk Mall with TGV,
near to Sri Utama International School
KLCC view (can see from balcony)

1. Extended Balcony
2. Playground
3. Barbeque area
4. Next to Future nursery

OTHERS FACILITIES:

• Club House,Gymnasium, Jogging Track
• Mini market, huge swimming pool
• 24 Hours Security
• Covered Car Park
  

Please do not hesitate to call me for viewing:
FUAD: 016-2428927/03-51217205