Amster Vastgoed
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Majid el Allati

the controller
Finance and administration

Majid manages the administration and the financial side of Amster Vastgoed. From invoicing and fee settlement to Wwft (Dutch anti-money-laundering law) records and the year-end close: the work that keeps the office running and makes sure every case is settled neatly on the financial side.

020 - 261 0992 info@amstervastgoed.nl
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Bio

Administration that adds up.

Majid el Allati manages the administrative and financial side of Amster Vastgoed. Building the files for ongoing cases, invoicing according to the agreed fee models, contract management, and making sure every case is not only right in substance but also settled neatly on the financial side. The kind of work you rarely notice directly as a client, but that makes the difference between a smooth process and a messy one.

What administration means in practice at a real estate agency: Wwft records for the mandatory client due diligence, file building that lets the completion at the notary run smoothly and without a rush, invoicing according to commission, fixed-fee or hourly-rate models depending on the case, and an audit trail that meets the requirements set for NVM member agencies.

He also maintains the external relationships that carry the financial side: contact with the accountant for the year-end close, the tax advisor for specific questions, and notaries for the administrative handover at the end of a case. Work that stays invisible when it runs smoothly and becomes painfully visible when something snags.

Specialism

Four things Majid takes care of.

Administration

File overview

Keeping ongoing cases in view: collecting documentation, managing contracts and keeping the file in order for both the agent and the notary. A file that doesn't suddenly turn out to have gaps in the last week before completion.

Invoicing

Fees and invoice flow

Running three fee models: commission on sales and purchases, a fixed fee for valuations and advice, an hourly rate for specific advice. The invoice flow per case, settlements with clients, and making sure the agreements on paper match what actually happened.

Compliance

Wwft records

Client due diligence records, reporting to the FIU where required, retention periods in line with the Wwft, and an audit trail that meets the requirements NVM member agencies face in periodic audits.

Reporting

Year-end close

Periodic office reporting, the year-end close together with the accountant, and the figures needed internally to back up decisions. Not for sharing with clients, but to keep the office sharp.

FAQ by Majid

Straight answers.

Which fee models do you work with?
Answered by Majid el Allati
Three models, depending on the type of case. Commission on sales and purchases (a percentage of the final transaction price, with a clear minimum). A fixed fee for valuations and one-off advice (an amount agreed in advance, regardless of how long it takes). An hourly rate for specific advice or work that's hard to estimate. Which model fits your case, we discuss during the intake and set out in the engagement confirmation. No hidden costs, no surprises afterward.
How is a case settled financially?
Answered by Majid el Allati
For a sale or purchase, the fee runs through the notary: it's settled in the completion statement. For valuations and advice you receive an invoice once the report is finished, with a 14-day payment term. Preferably you pay by bank transfer, with the right reference so it lands with the right file. Any additional costs (NWWI validation, land registry extracts, external surveys) are stated in advance in the engagement confirmation.
What exactly do Wwft records involve?
Answered by Majid el Allati
The Wwft is the Dutch law on preventing money laundering and terrorist financing. For real estate agencies it means that for every buying or selling engagement we carry out client due diligence (identification, background, source of funds where relevant), keep that documentation for five years after the case is closed, and report unusual transactions to the Financial Intelligence Unit. In practice it's usually limited to a copy of your ID and a few standard questions during the intake. For (U)HNWI cases it can be more extensive.