Asia Expats Forum

century21 · Joined: 01 Apr 2005 Posts: 12 Location:

Welcome to Shenzhen, China.

As the world's largest real estate supplier, we CENTURY 21 Shenzhen Region are here to serve you, ensuring your move to, from or within China is as smooth as possible.

Our CENTURY 21 professionals will offer you our customer-satisfying CENTURY 21 Ambassador Program, which is a package of relocation-related services through our relationships with brand name companies. A "One Stop and Shop" package gives you or your employees the following comprehensive services:

Temporary Accommodation
Shenzhen Orientation Tour
Comprehensive New Resident Info Package
House Search Tour
Detailed Property Info
Lease and/or Purchase Negotiation
Cross Culture Introduction
School Registration Info
Internet Access
24 hotline for foreigners

We have 10 offices in Luohu, Futian, Nanshan, Shekou, and many co-operate real estate company, so we can provide some available apartments according to your demand.If you agree to pay us 50% of one month's rent as commission, I will send you more details later.

Thank you and best regards!

Lawec
VIP Ambassador
CENTURY 21 Shenzhen Region
Mobile:(0)13714747696
Call:86-755-82374866
Fax :86-755-82463300
E-mail:lawec@c21shenzhen.com.cn
2005-05-14

GreenMonkey · Joined: 20 May 2005 Posts: 2 Location:

It is currently illegal to charge more than 35% commission in China.

35% should come from owner, 35% from occupier. Altogether equals 70% of one month that the agent gets.

Usually, it is in fact the owner who pays the whole 70%...and this will usually reflect in a higher rental, since it is hard to find renters for higher end places in China.

All in all, we should always be trying to abide by the law...if we don't like the law, the government should be lobbied for change.

I thought Century 21 would be more standard and law-abiding. This is a check against your credibility and good-standing, in my eyes at least. You should have known better.

Best,

GreenMonkey

p.s. Another point, for the weary foreign person interested in real estate, is that it is illegal for an agency to charge you anymore than 1% of the value of a property when you are buying or when you are selling in China. The agency also charges the owner 1%, and thus makes 2% in total. Be weary of any agencies trying to charge more. Personally, I think the government imposed 2% is not fair, it doesn't give agencies enough incentive, especially for lower-end properties...however, that is the law, and agencies shouldn't be trying to trick you into believing otherwise.

www.greenmonkey.com.cn