Scale Fee
The following shows standard fee scale based on the Seventh Schedule (Rule 48) of Valuers, Appraisers, Estate Agents and Property Managers Act 1981.
Fee for capital valuation / rating valuation services based on an "Improved Value" basis
- 1/4% on the first RM100,000
- 1/5% on the residue up to RM2 million
- 1/6% on the residue up to RM7 million
- 1/8% on the residue up to RM15 million
- 1/10% on the residue up to RM50 million
- 1/15% on the residue up to 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 RM400 per property
Fee payable by the Land Administrator under the Land Acquisition Act for Valuation Report
- Value from RM1 to RM50,000 - Fee of RM1,500
- Value from RM50,001 to RM500,000 - Fee of RM2,500
- Value from RM500,001 to RM1,000,000 - Fee of RM3,500
For awards greater than RM1 million, the fee shall be a minimum of RM3,500 plus the fee based on the following rate:
- From RM1,000,001 to RM2,000,000 - 6/25%
- From RM2,000,001 to RM7,000,000 - 5/25%
- From RM7,000,001 to RM15,000,000 - 3/20%
- From RM15,000,001 to RM50,000,000 - 3/50%
- > RM50,000,000 - 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 Valuers or Appraiser in accordance with the guidelines issued by the Board of Valuers, Appraisers, Estate Agents and Property Managers for the Valuation Report. It does not include disbursements nor fees/disbursements for work done in preparation for negotiations and court attendance.
Fee for capital valuation for submission to Securities Commission, Central Bank of Malaysia and Plant & Machinery valuation services
- 3/8% of the first RM100,000
- 3/10% of the residue up to RM2 million
- 1/4% of the residue up to RM7 million
- 3/16% of the residue up to RM15 million
- 3/20% of the residue up to RM50 million
- 1/10% of the residue up to RM200 million
- 1/15% of the residue up to RM500 million
- 1/20% on the residue over RM500 million
Minimum fee: As above, subject to a minimum fee of RM2,000 per property.
Fee for rental and rating valuation services
- 7% on the first RM6,000 of annual rental
- 4% on the next RM12,000 of annual rental
- 3% on the next RM24,000 of annual rental
- 2.5% on the next RM120,000 of annual rental
- 1.5% on the next RM838,000 of annual rental
- 1% on the residue over RM1,000,000 of annual rental
Minimum fee: As above, subject to a minimum fee of RM400 per property.
Fee for mass valuation services for local authorities
- RM45 per holding for the first 30,000 holdings
- RM40 per holding for the next 20,000 holdings
- RM35 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.
Fee 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.
Fee 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.
Fee for retrospective revaluations
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.
Additional claims
In addition to the above fees, claims may be made for the following:
- The cost of printing, plans, copies of documents, lithography travelling and other expenses actually incurred;
- 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;
- A fee of RM 200 per hour or RM 1000 per working day of 8 hours for giving evidence before judicial bodies;
- Additional fees can be charged to the client for additional works done in preparation for negotiations and court attendance.
Annual fee for property management services
- 5% of the gross annual rent on the first RM30,000
- 3% of the gross annual rent on the residue up to RM100,000
- 2% of the gross annual rent on the residue over RM100,000
The fee is applicable to each holding. The expression ‘holding’ as used here has the same meaning as defined in Section 2 of the Local Government Act 1976.
The expression ‘gross annual rent’ means the rents reserved or deemed to be reserved by the lease or lettings plus any incidental receipts collected or accounted for or both in the course of management.
Minimum fee : As above subject to a minimum fee of RM50 per month.
Additional claims
In addition to the above fees, claims may be made for the following:
- The cost of printing, plans, copies of documents, lithography travelling and other expenses actually incurred;
- 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;
- A fee of RM 200 per hour or RM 1,000 per working day of 8 hours for giving evidence before judicial bodies.
Sale or purchase
- Land and building (Maximum fee of 3%)
- Fees for other services such as joint venture, sale of company, property swaps, etc. (Maximum fee of 3%)
- Chattels including Plant & Machinery (10% of the proceeds)
Minimum fee : As above, subject to a minimum fee of RM1,000 per property.
The above scale applies to any sale or purchase by way of private treaty, tender or any other modes of disposal or acquisition.
For sale and marketing of projects by registered estate agents, the fees are 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 sale of Malaysian properties in foreign countries.
Lettings
- Duration of tenancy up to 3 years - 1.25 months of gross rental (maximum fee)
- Duration of tenancy exceeding 3 years up to 4 years - 1.5 months of gross rental (maximum fee)
- Duration of tenancy exceeding 4 years up to 5 years - 1.75 months of gross rental (maximum fee)
- Duration of tenancy exceeding 5 years - 1.75 months of gross rental (maximum fee)
- Duration of tenancy exceeding 5 years (without option to renewal) - 1.75 months of gross rental (maximum fee)
- Duration of tenancy exceeding 5 years (with option to renewal) - 1.75 months of gross rental plus 0.25 month rental for every additional year (maximum fee)
Minimum fee : As above, subject to a minimum fee of 1 month rental.
For tenancies less than one year, the fee may be calculated based on a pro rata basis. The above scale shall not apply to serviced offices or apartments or any other premises of a similar nature.
Rent reviews
- 50% of the fees chargeable under lettings.
Additional claims
In addition to the above fees, claims may be made for the following:
- 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 materials.
Note: The above additional claims may not be incurred by the registered estate agent without the prior concurrence of the client.