thailandisamazing Posted August 11, 2020 Share Posted August 11, 2020 I'd like to know the answer for both single or married to thai wife scenarios. Thanks! Link to comment Share on other sites More sharing options...
GeorgeCross Posted August 11, 2020 Share Posted August 11, 2020 https://www.fazwaz.com/about/team apparently so. 1 Link to comment Share on other sites More sharing options...
Puchaiyank Posted August 11, 2020 Share Posted August 11, 2020 A farang handled the sale of a condo for me in Jomtien... 1 Link to comment Share on other sites More sharing options...
blackcab Posted August 11, 2020 Share Posted August 11, 2020 It is possible to get a work permit where the job description states that the holder can act as an agent in the sale of real estate. I only know of one person who has done it though. The work permit for most non-Thai citizens working in this area would be for General Manager, Business Development Manager, Marketing Manager, etc. and the work permit job description would not specifically mention working as an agent in the sale of real estate. Also, you cannot be self employed working for yourself. You must be employed by a Thai company. 2 Link to comment Share on other sites More sharing options...
impulse Posted August 11, 2020 Share Posted August 11, 2020 What's the standard commission structure? As I recall, it's not as lucrative as some may have enjoyed "back home"... 1 Link to comment Share on other sites More sharing options...
maprao Posted August 11, 2020 Share Posted August 11, 2020 2% to 5% 1 Link to comment Share on other sites More sharing options...
timendres Posted August 11, 2020 Share Posted August 11, 2020 12 minutes ago, impulse said: What's the standard commission structure? As I recall, it's not as lucrative as some may have enjoyed "back home"... Many agents work with rental units. Commissions on rentals are typically one month's rent. The agent working for an agency then gets only a portion of that. 1 Link to comment Share on other sites More sharing options...
impulse Posted August 11, 2020 Share Posted August 11, 2020 (edited) 24 minutes ago, maprao said: 2% to 5% Is that then split between the listing agent and the selling agent? And (if I can get really curious), what portion does the house/office generally take before the agent gets their cut? And I'm not doubting your numbers, but I struggle with the idea that a real estate agent can show you the property where they make 5% or the one where they make 2%. Seems like a no-brainer. But stranger things do happen in Thailand... Edited August 11, 2020 by impulse 1 Link to comment Share on other sites More sharing options...
thailandisamazing Posted August 12, 2020 Author Share Posted August 12, 2020 Thanks all! Link to comment Share on other sites More sharing options...
allane Posted August 12, 2020 Share Posted August 12, 2020 For the sake of clarity, may I propose the following definitions: 1. Property Salesman - you are an employee of a company which is planning to build, is building, or has built a condominium development. 2. Rental agent - you are self-employed, and work on commission, matching landlords and tenants. You are paid a commission by the landlord. 3. Real Estate Salesman - you are an employee of a Real Estate Agent, who takes listings from owners wanting to sell their property. 4. Real Estate Agent - you are the owner (licence holder) of a real estate agency. I have seen foreigners working as #1. #2 is a business, so I think you need a 51% Thai partner. #3 is probably possible if you are called a "Marketing Manager", or something similar. #4. I would concur with blackcab's comment that a foreigner can't hold this position. at best he could be a minority shareholder, with a majority Thai shareholder who is the agent. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now