RE GLOBAL GROUP: Professional Fee

All professional fees chargeable for services rendered shall be as stipulated under the 7th Schedule of Valuers, Appraisers & Estate Agents Rules 1986.

1.SALE or PURCHASE

Land and Buildings - Maximum fee of 3% of the sale price of the property
The firm shall be entitled to claim for fees based on the total sales consideration in cash, company shares or in kind, which shall include sums paid for all assets and chattels including furniture, fittings and household appliances.
Fees for other services - JV, Sale of Company, Property Swaps - Maximum fee of 3%
In the case of a joint venture, the fees shall be based on the market value of the property or the joint venture consideration, whichever is lower at the date of the signing of the JV agreement.
Chattels (movable properties) including Plant and Machinery - 10% of the proceeds
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.

2.PROJECT SALE

For Sales and Marketing of projects, the fees is left to be decided between the agency firm and the developer.

3.Foreign Properties

For sale of Foreign properties in Malaysia or Malaysian properties in a foreign country, the Fees is left to be decided between the local agency firm or the developer or a foreign agency or the owners of the building.

4.Lettings

Up to 3 years	1.25 months gross rental
Exceeding 3 years up to 4 years	1.50 months gross rental
Exceeding 4 years up to 5 years	1.75 months gross rental
Exceeding 5 years	1.75 months gross rental
Exceeding 5 years (without option for renewal)	1.75 months gross rental
Exceeding 5 years (with option for renewal)	1.75 months gross rental plus 0.25 months rental for every additional year

1.Minimum fee: As above, but may be subject to a maximum discount of 30% or a minimum fee of 1 month rental.

For tenancies less than one year, the fee may be calculated on a pro rata basis. The above scale shall not apply to serviced offices/apartments or any other premises of similar nature.

2.Rent Reviews - 50 % of the fees chargeable under lettings
3.Additional Claims

In addition to the fees stated in items 1 to 4, claims may be made for:

The cost of printing, plans, copies of documents, lithography, travelling (only where the distance between the estate agent's office and the property is more than 40 km) and other expenses actually incurred;
The cost of media advertisements, signboards, brochures and other promotional material.
Note : The above additional claims may not be incurred by the registered estate agent without prior concurrence of the client.

1. FEES PAYABLE BY THE LAND ADMINISTRATOR UNDER THE LAND ACQUISITION ACT FOR VALUATION REPORTS.

From (RM) To (RM) Fees (RM)

1 50,000 1,500
50,001 500,000 2,500
500,001 1,000,000 3,500

For awards greater than RM1,000,000 the fee shall be a minimum of RM 3,500 plus the fee based on the following rate:

From (RM) To (RM) Rate (%)
1,000,001 2,000,000 6/25%
2,000,001   7,000,000 5/25%
7,000,001   15,000,000 3/20%
15,000,001   50,000,000 3/50%
> 50,000,000 6/250%

The fees payable shall be based on the amount awarded by the District Land Administrator. It shall be payable upon the submission by the person claiming compensation based upon a valuation report prepared by a registered valuer or appraiser in accordance with the guidelines issued by the Board for the valuation report. It does not include disbursements nor fees/disbursements for work done in preparation for negotiations and court attendance.

2. FEE FOR CAPITAL VALUATION FOR SUBMISSION TO SECURITIES COMMISSION, THE CENTRAL BANK OF MALAYSIA AND PLANT AND MACHINERY VALUATION SERVICES.

3/8 % on the first RM 100,000
3/10 % on the residue up to RM 2 million
1/4 % on the residue up to RM 7 million
3/16 % on the residue up to RM 15 million
3/20 % on the residue up to RM 50 million
1/10% on the residue up to RM200 million
1/15% on the residue up to RM500 million
1/20% on the residue over RM500 million
Minimum Fee : As above, subject to a minimum fee of RM 2,000 per property.

3. FEE FOR OTHER CAPITAL VALUATION/RATING VALUATION SERVICES BASED ON AN “IMPROVED VALUE” BASIS.

1/4 % on the first RM 100,000

1/5 % on the residue up to RM 2 million

1/6 % on the residue up to RM 7 million

1/8 % on the residue up to RM 15 million

1/10 % on the residue up to RM 50 million

1/15 % on the residue up RM200 million

1/20 % on the residue up to RM500 million

1/25 % on the residue over RM500 million

Minimum Fee : As above, subject to a minimum fee of RM 400 per property.

4. FEE FOR RENTAL AND RATING VALUATION SERVICES.

7.0 % on the first RM 6,000 of annual rental

4.0 % on the next RM 12,000 of annual rental

3.0 % on the next RM 24,000 of annual rental

2.5 % on the next RM 120,000 of annual rental

1.5 % on the next RM 838,000 of annual rental

1.0 % on the residue over RM 1,000,000 of annual rental

Minimum Fee : As above, subject to a minimum fee of RM 400 per property.

5. FEE FOR MASS VALUATION SERVICES FOR LOCAL AUTHORITIES.

RM 45 per holding for the first 30,000 holdings

RM 40 per holding for the next 20,000 holdings

RM 35 per holding for the balance

The above fee is inclusive of all costs, except for the additional claims for attendance at objection meetings and judicial hearings.

5A. Fees for update valuation

For all update valuations carried out under the Malaysian Valuation Standards published by the Board, the fees payable shall be at a minimum of 15% of the appropriate scale of fees or RM400 per property, whichever is higher.

5B. Fees for revaluations

For revaluations carried out under the Malaysian Valuation Standards published by the Board, the fee payable shall be a minimum of 30% of the appropriate scale of fees or RM400 per property, whichever is higher.

5C. Fees for Retrospective Valuations

Fees up to ten times the scale fees may be charged, depending on negotiations with the client.

However, such valuations shall not apply to land acquisition valuations.

Such valuations must be retrospective to at least 5 years from the current date.

6. Additional Claims.

In addition to the fees stated in (1) to (5C) claims may be made for :

(a) The cost of printing, plans, copies of documents, lithography travelling and other expenses actually incurred;

(b) A fee of RM 150 per hour or RM 800 per working day of 8 hours for negotiations, attendance at meetings with solicitors, consultants or authorities;

(d) Additional fees can be charged to the client for additional works done in preparation for negotiations and court attendance.

Note :

The fees stated in items 6(b) and 6(c) are chargeable for actual appearance at meetings or before judicial bodies. In the case of postponements, adjournments, etc, (where less than 24 hours notice is given) a minimum fee of RM 400 is chargeable if the meeting or judicial appearance is in the same town/city as the location of the practice and a minimum fee of RM 800 is chargeable if the meeting or judicial appearance is outside the location of the practice.

The claims and fees stated in item 6(a) to 6(d) with respect to land acquisition valuations shall not be claimed against the land administrator.

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Professional Fee

professional ESTATE AGENCY FEES

VALUATION FEES

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