Q. Azmi is selling his bungalow house. The buyer Janice agreed to purchase it and paid the 2% earnest deposit to you as the REN. You took the money and Read More …
Author: Thomas Sim E3009
I am the founder and webmaster of estateagentexam.com. This is an E-Learning website for Diploma in Estate Agency Examination conducted by Board of Valuers, Appraisers, Estate Agents and Property Managers, Malaysia (BoVAEP). I am contactable at 012 - 8866 090 and email address simyansun@gmail.com.
Indefeasibility of title is guaranteed?
Q. What does it say indefeasibility of land title is guaranteed by the State? A. From Duhaime’s Law Dictionary, “indefeasible” definition is: A right or title in property that cannot Read More …
Strata Titles Board vs Strata Management Tribunal
Q.Is there a Strata Titles Broad or Strata Management Tribunal? Which is correct? A.Strata Management Tribunal is the correct one. Strata Titles Board was established in the amended Strata Titles Read More …
Land is a State Matter
Q.Where is it stated that Land is a State Matter? A.The highest authority in the land is The Federal Constitution. Article 74 (Clause 2) and 76 (Clause 4) of The Read More …
Basics of Torrens System
Q. What is the basic concept of Torrens System? Explain what are Mirror and Curtain principles. List out the main characteristics of Torrens System. How does it differ from the Read More …
Squatting in the hope of title?
Q. Is there a chance that I squat for 50 years in this land and it will be mine? A. The question is simple. Can you just occupy a space Read More …
Recovery of commission fee reward unlicensed broker
Q.Josephine is the daughter of Auntie Wong who has co-broked a bungalow house costing RM1 mio. She asks you as a REA whether her mother’s share of commission amounting to Read More …
Impersonating an agent
Q.Where on earth does it say impersonating an agent is wrong? Ah Beng was arguing with Johnny after failing to solicit for his house for sale. “I was just trying Read More …
Removal from register
Q. Under what circumstances would a REA be removed from the Register of REA and Register of Firm? A. Section 25 of Valuers, Appraisers and Estate Agents Act, 1981 spells Read More …
Lease your REA License?
Q.Many a time, people ask me: “When I get my REA License, can I rent it out to someone to run an agency firm?” And, “How much I can get Read More …
Difference between S.24 and S.30
Q. In VAEA Act, 1981, what are the sections and subsections that regulate disciplinary actions against REA? What are the differences among these sections. A. Section 24 and section 30 Read More …
Liability for offences by firm
Q.When 3 REAs and 1 Valuer came together to set up a firm, they hold 25% of shares each in this Sdn Bhd. One day, one of the REA is Read More …
Cancellation of registration of Firm
Q. Under what conditions that the Board can cancel the registration of a Firm? A. Section 23 Practice by firms. (4A) Notwithstanding subsection (2) or (4), the Board shall cancel Read More …
Dead, removed or suspended REA
Q. What happen to me as a client when my REA is dead or being removed from the register or suspended by the Board? A. Section 23 Practice by firms Read More …
Practice by Firms
Q.Ajunan recently passed his TPC. He is now a registered estate agent in Part III, Item A of the Fourth Schedule, which is the Register of Estate Agents. Can he Read More …
RM300,000 Fine and Imprisonment max 3 years
Q. “Where on earth does it say I can be charged for the offence of being a unlicensed broker?” Ah Beng told to Johnny who is annoyed by the way Read More …
Key Sections of VAEA Act 1981
Q.There are so many sections under VAEA Act, 1981. Can you tell me which sections are important? A.S.14 RegistersS.15A Application for authority to practise.S.16 Authority to practise S.22A Registration of Read More …
Function of the Board of LPPEH
Q.What are the functions and responsibilities of Board of Valuers, Appraisers and Estate Agents? A.Functions of the Board 10. The functions of the Board shall be— (a) to keep and Read More …
What is Property Management?
Q. What is “Property Management”? A. Section 2 Interpretation of Valuers, Appraisers and Estate Agents Act, 1981 spells out what it means: “property management” means the management and control of Read More …
Registration requirements REA vs PEA
Q. What are the requirement differences between PEA and REA? Is there some extra knowledge or character requirement before a PEA can be registered as REA? A. Let us look Read More …