Commission Formula:
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In Malaysia's real estate transactions, the total commission (typically 2-3% of sale price) is often split between listing and selling agents, and further divided between agents and their agencies.
The commission is calculated using:
Where:
Standard Rates: Typically 2-3% for residential properties, with common splits being 50-50 between listing/selling agents, then 70-30 or 60-40 between agent and agency.
Instructions: Enter property sale price in MYR, total commission rate (e.g., 2.5), and your percentage split (e.g., 60 for 60%). All values must be positive numbers.
Q1: What's the typical commission rate in Malaysia?
A: For residential properties, it's usually 2-3% of the sale price, though this can vary by property type and value.
Q2: How is commission split between agents?
A: Typically 50-50 between listing and selling agents, then each agent splits their portion with their agency (often 60-40 or 70-30).
Q3: Are commissions negotiable?
A: Yes, commission rates and splits can be negotiated between agents, agencies, and clients.
Q4: Who pays the commission?
A: In Malaysia, the seller typically pays the full commission which is then split among the involved parties.
Q5: Are there GST implications?
A: Yes, the 6% GST applies to real estate commissions in Malaysia, though this is typically added on top of the commission amount.