Real Estate Scam

Please beware of this type of Real Estate scams where the property agent promises you just about anything to close the deal.

We were persuaded to purchase a property in which the agent claimed was below market price. He said he is in the midst of negotiating a tenant at ROI of 9%, and that he can help us to resell at market price (which is RM100psf higher).

He also requested us to pay him an extra 20k commission since he helped us to close the deal below the market price. So we listened to all his sweet promises and proceeded with the purchase.

Now, one and a half year later, he did not get a tenant or buyer for us, and claims that he did not make such a promises.

Beware of such real estate scams.