Q.What do you include in the mutual covenant of the tenancy agreement? A.Mutual Covenants (a) If the Rental or any part of thereof shall be unpaid after becoming payable in 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.
What is the meaning of “demised” in estate?
Q.What is the meaning of “demised” in estate? Why is it used as in “Demised Property” during a Tenancy Agreement? A.Demise – in law and used in real estate terms Read More …
Commission to be paid on unsettled deal?
Q.A prospective buyer has already placed earnest deposit of 3% to purchase a property worth RM500k from your Client (Vendor), however he backed off without signing the SPA. Could you Read More …
Professional work by REA during employment
Q. Can a REA privately help his friends in transaction of property when a) he is employed as a resident manager of an Agency Firm? b) he is employed by Read More …
FAQ by MIEA – Shareholders, Branch Office and REA Resignation
Q.What if I want to set up an agency with a non-REA, can a REA do that? What about a branch office? Do I need a resident REA? How about Read More …
Illegal Brokers – which Act says they are illegal?
Q. Which Act says they are Illegal Agents or Brokers? Provide and support with the law which can be enforced against illegal agents or brokers. A. Part VIII of the Read More …
Practical Experience in order to qualify for TPC
Q. Write about the requirement of practical experience to be qualified for Test of Professional Competence in Estate Agency. A. The Rule 45 Practical Experience provides the requirement of 2 Read More …
Exemption equivalent to Estate Agent’s Examination by the Board
Q.List down the exemption route equivalent to Estate Agent’s Examination. A. (Also posted in justletak.blogspot.com) Exemption Route Rule 43 Exemptions (1) The Board may accept the examinations of institutions of Read More …
Examination details to become Registered Estate Agent
Q. List down the examination requirements to qualify as Registered Estate Agent. A. (Also posted in justLetak!) Examination Rule 29 Conduct of examination (1) The Board shall conduct examinations for Read More …
Fee splitting in Co-agency
Q. John discovers his co-agent Huang is hiding something from him. The purchaser in fact had already seen John on the viewing of bungalow. Now, Co-agent Huang said he deserves Read More …
Obligations in Schedule H by Developer
Q. What are the obligations of developer to purchaser of a strata unit of a condominium project? A. See here on Duties of Developer in SPA. Developer requires to adhere Read More …
Who decides on property value?
Q.Who is the party to decide the value of the property I bought so that I can pay the stamp duty? A.The valuation of the property is by JPPH – Read More …
Duties of Developer in SPA
Q. List down the duties of Developer in Sale and Purchase Agreement (SPA). A. Obligations in Schedule H by Developer. Background Housing developers in Peninsular Malaysia are mainly governed by Read More …
Stages of Housing Project Development in Malaysia
Q.Explain the stages of a Developer in a housing development project. A.GENERAL OPERATION OF THE INDUSTRY A property developer is a person or company that engages in or carries on Read More …
Necessity of Co-agency in Law and in Practice
Q. b) Explain the necessity of co-agency arrangement among estate agency firms. (5 marks) (20 marks, 2014 Q7b) A. (Part 1 on Agent’s agent also involves sub-agents, who are like Read More …
Tender – advantages and disadvantages
Q. Sale by tender, what are the advantages and disadvantages? A. Refer earlier posts on tender below: 2012 Q8 2013 Q7 2014 Q3 2015 Q6 Tender – advantages and disadvantages (This Read More …
Non-performance of SPA and termination
Q. Deliberate on the effects and consequences of non-performing by the parties involved towards these obligations and the possible remedial action that can be taken. A. The original question is Read More …
Conveyancing without title
Q.Describe the process of conveyancing from Vendor agreeing to sell a property to a purchaser, assuming that the property is a subsale and with title. What would differ, if it Read More …
Caveat emptor
Q. What is the meaning of ‘caveat emptor’? A. Except for a few instances, the general rule when it comes to buying anything is caveat emptor – let the buyer Read More …
Private Treaty, Auction, Informal and Formal Tender
Q. Give the various types of mode of sale, private treaty, auction, informal and formal tender. A. See also: 2012 Q8 2013 Q7 2014 Q3 2015 Q6 Tender – advantages Read More …