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Property Agents' commission


Luckcent
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The agent need to spell that out if there is a renewal commission clause in there! Infact, he should go through every clause with the client before the service agreement is signed.

 

That's how it should be.

 

By left, the agent starts bringing people to view once you agree via sms or verbally on the commission terms. No service agreement signed at all (probably signed at the same time as the tenancy agreement).

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Another trick by unscrupulous agents. They will try to add in a clause where they are due a commission if the tenant renews (even though they do absolutely nothing other than calling to ask the tenant intends to renew). One should always read all the documents carefully and cross out such a clause before signing.

They should ban such clauses that tie landlords or tenants to future tenancies. Agents should not be holding any party to anything in future and non existent. CEA must be sleeping or choose to close one eye.
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Pay renewal fees, agents are expected to follow up throughout the lease term.

No pay renewal fees, agent job ends when the contract is signed. Is up the parties whether they want the services of their respective agents.

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Another trick by unscrupulous agents. They will try to add in a clause where they are due a commission if the tenant renews (even though they do absolutely nothing other than calling to ask the tenant intends to renew). One should always read all the documents carefully and cross out such a clause before signing.

 

I had such requirement taken off on 2 occasion as I asked why and the agent cannot provide me a specific scope...so I say .....no need.

 

On the same note, I suggested a meeting with the tenants and the agent involved but I was told...sorry no time.

 

Lucky I took off the renewal agreement as I knew many will wash their hands once the com is issued.

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Pay renewal fees, agents are expected to follow up throughout the lease term.

No pay renewal fees, agent job ends when the contract is signed. Is up the parties whether they want the services of their respective agents.

 

If you have the renewal clause in an agreement, is there also a clause that states that the agent will follow up throughout the lease. If it is just "expected", then by the same logic, also no need to have the renewal clause in the lease because it can also be "expected".

 

Contractually, if the clause included, agent can expect to do nothing and also collect renewal $$$.

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already did, don't understand his gesture, want everything to go through him

 

why you don't just approach your tenant and ask  [confused]

They should ban such clauses that tie landlords or tenants to future tenancies. Agents should not be holding any party to anything in future and non existent. CEA must be sleeping or choose to close one eye.

 

you can ask to cancel the renewal clause. All my rentals is stated no commission for renewal... in fact for individual once lease is up we don't even bother ask them renew, just common understanding that 1 month notice need to be given...

 

For commercial then different story

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haha, if he wanna work that day, i will kick him off directly and use another agent, then he can slowly play his games

 

It is simple.

 

He wants to make sure that when comes to renewal, you will look for him. Or if the tenancy will end, he gets to know first since tenant will contact him.

 

If landlord and tenant contact each other directly, the agent will be out of the loop and there goes his renewal or possible business in helping you to get a new tenant when tenancy ends.

 

If it is me, it doesn't matter. If landlord is my client, I will be happy to provide the tenant contact if he wants.  

 

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he give the contact to me yesterday after i told him off, thks for the advise

 

The tenancy agreement is entered between you and the tenant n the agent is just a middleman. When contract is signed, it is your right to have the contact info of the tenant coz the agent is legally not even a party to the contract. I think CEA should give this agent a screwing.

 


our is commercial...

 

actually, i just took over this role in my new job and the boss do not have the contact of the tenant as well... i actually made a trip down and find that the place is locked up and being used for a storage...

 

why you don't just approach your tenant and ask  [confused]


 

you can ask to cancel the renewal clause. All my rentals is stated no commission for renewal... in fact for individual once lease is up we don't even bother ask them renew, just common understanding that 1 month notice need to be given...

 

For commercial then different story

 

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why you don't just approach your tenant and ask [confused]

 

 

you can ask to cancel the renewal clause. All my rentals is stated no commission for renewal... in fact for individual once lease is up we don't even bother ask them renew, just common understanding that 1 month notice need to be given...

 

For commercial then different story

Many agents are just preying on the ignorance of landlords, tenants, sellers and buyers. Many people still don't know about agents not being allowed to collect com from landlord n tenant, buyer and seller under dual representation. I think the govt should have a campaign to weed out unethical agents. Edited by LPPL
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he give the contact to me yesterday after i told him off, thks for the advise

 

 

 

our is commercial...

 

actually, i just took over this role in my new job and the boss do not have the contact of the tenant as well... i actually made a trip down and find that the place is locked up and being used for a storage...

 

 i don't think agent can withhold the contact from you...  but great you got the contact liao...

Many agents are just preying on the ignorance of landlords, tenants, sellers and buyers. Many people still don't know about agents not being allowed to collect com from landlord n tenant, buyer and seller under dual representation. I think the govt should have a campaign to weed out unethical agents.

 

easier said then done though... is the buyer/seller willing to spend time to testify against the agent?

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i don't think agent can withhold the contact from you... but great you got the contact liao...

 

 

easier said then done though... is the buyer/seller willing to spend time to testify against the agent?

Why not? When you get conned of thousands of dollars, I am sure many people would, unless of course the victim doesn't mind being charitable to the agent.
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Why not? When you get conned of thousands of dollars, I am sure many people would, unless of course the victim doesn't mind being charitable to the agent.

90210 has done something again.. lol

 

A hdb which i made an offer 6 mths ago.. was sold at a price lower than my offer by $7k..

 

Go figure.. Bever....

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90210 has done something again.. lol

 

A hdb which i made an offer 6 mths ago.. was sold at a price lower than my offer by $7k..

 

Go figure.. Bever....

She is an undertable queen second to none. Surprised she is not sitting in jail now.
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90210 has done something again.. lol

 

A hdb which i made an offer 6 mths ago.. was sold at a price lower than my offer by $7k..

 

Go figure.. Bever....

 

maybe seller realised cannot get her asking price after waiting so many months so decide to sell now

 

also possible that for some reason,seller needs to sell now and financially they were better off 6 months ago

 

6 months is a very long time... 

Why not? When you get conned of thousands of dollars, I am sure many people would, unless of course the victim doesn't mind being charitable to the agent.

 

so have enough people complained?

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maybe seller realised cannot get her asking price after waiting so many months so decide to sell now

 

also possible that for some reason,seller needs to sell now and financially they were better off 6 months ago

 

6 months is a very long time...

 

 

so have enough people complained?

Counting back possible less than 6months...

 

Don’t remember the exact time.. but it’s all moot now..

 

Bought another better unit so it’s a good thing I suppose.. he he...

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I really dont mind paying the property agent their commission but too often ending up me doing nearly all the work to promote the property. Eg suggest to sell property 10-20 below valuation - i can do it myself then, to increase sale prosper ask me to stage home with rental furniture, etc.

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I really dont mind paying the property agent their commission but too often ending up me doing nearly all the work to promote the property. Eg suggest to sell property 10-20 below valuation - i can do it myself then, to increase sale prosper ask me to stage home with rental furniture, etc.

 

I agree. Was renting out a studio. Agent asked me to get it fully furnished for viewings (bed + fridge) which is silly because the tenant didn't want all those.

 

Good thing I did not listen to him.

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Yeah, I call him up and follow it up with a email

 

i don't think agent can withhold the contact from you... but great you got the contact liao...

 

 

easier said then done though... is the buyer/seller willing to spend time to testify against the agent?

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