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justLETAK! MAIN SITE > Archive for 2.5 Real Est Agcy Practice

Category: 2.5 Real Est Agcy Practice

Premier Model v Phileo Promenade 2001

10/10/2020 Thomas Sim PEA2066

FOR COMPLETE READING ON TENANCY MATTERS, read the slides of Mr Lee Siew Seng “Issues of tenancy matters in Malaysia”. This is a case where a management corporation (or further Read More …

2.5 Real Est Agcy Practice2.5Leave a comment

Legal Issues Surrounding Landlord-Tenant Relationships Amidst Covid-19

10/05/2020 Thomas Sim PEA2066

Q.What should be done amid COVID-19 for your tenant? A.The laws were visited in: 2019 Q3b – b) Eviction of tenant. Recover from Tenancy Tenant not paying rental! How to Read More …

2.5 Real Est Agcy Practice2.5Leave a comment

2019 Q Analysis Real Estate Agency Practice

17/09/2019 Thomas Sim PEA2066
2.5 Real Est Agcy Practice, 2019 D11 EAP2.5Leave a comment

SoHo under Commercial or Residential?

25/01/2019 Thomas Sim PEA2066

Q. Is SoHo units under commercial or residential category of treatment by local government? A. This has effect on bills and ways these units be used. Commercial rates of electricity Read More …

2.5 Real Est Agcy Practice, TPC - Practice2.5Leave a comment

Tenant injured landlord any liability?

21/09/2018 Thomas Sim PEA2066

Q. If a tenant or visitor is injured on property owned by a landlord, is the landlord liable for the injuries? A. Landlords have a duty to properly maintain common areas; warn Read More …

2.5 Real Est Agcy Practice2.5

Securitization of Assets

10/09/2018 Thomas Sim PEA2066

Q. What is securitization of assets? Investopedia has the below explanation of “What is securitization?” Securitization is the process of taking an illiquid asset, or group of assets, and through financial engineering, transforming Read More …

2.5 Real Est Agcy Practice2.5

Having breached Option Contract to Purchase

25/03/2018 Thomas Sim PEA2066

Q. What happens when the option contract to purchase is breached by the seller? In the case of Johnny and Betty, Johnny has agreed Betty to an option to purchase Read More …

2.5 Real Est Agcy Practice2.5

Earn good money with EA licence?

03/10/2017 Thomas Sim PEA2066

Q. (Also posted in justLetak!)Can we really earn money (from your point of view) by taking up the course in near future and its prospects since it takes 4 years Read More …

2.5 Real Est Agcy Practice2.5

What is the basis of Contract Law that says the agreement is void?

05/07/2017 Thomas Sim PEA2066

Q. What is the basis of Contract Law that says the agreement is void? This question refers to the “Delay in signing SPA”. A. Amzi was supposed to fly on Read More …

2.5 Real Est Agcy Practice2.5

Professional fee in abortive SPA

04/07/2017 Thomas Sim PEA2066

Q. In the scenario of Azmi and Janice earlier on, what happen to the professional estate agent fee? A. MEAS 4.2.8. Where earnest or rental deposit is paid and accepted Read More …

2.5 Real Est Agcy Practice2.5

Delay in signing SPA 2

01/07/2017 Thomas Sim PEA2066

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 …

2.5 Real Est Agcy Practice2.5

Recovery of commission fee reward unlicensed broker

04/06/2017 Thomas Sim PEA2066

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 …

2.2 Estate Agency Law, 2.5 Real Est Agcy Practice2.2, 2.5

Remembering Standards and Rules 2

08/05/2017 Thomas Sim PEA2066

Q.How do you remember the Rules on Advertisement and publicity? A.111 Matters forbidden(1) (a) inaccurate (b) solicitation (c) comparison (d) expert (e) self-laudatory (2) disrepute undermine public confidence 112 Promote Read More …

2.5 Real Est Agcy Practice2.5

Remembering the Standards and Rules 1

06/05/2017 Thomas Sim PEA2066

Q.How to remember all that MEAS (Standards) and Rules in VAEA 1986? A.The 3-in-1 & 4-in-1 method. MEAS1. O = Office2. N = Negotiator3. T = Types of Appointment 4. Read More …

2.2 Estate Agency Law, 2.5 Real Est Agcy Practice2.2, 2.5

Contemplated Interest

28/04/2017 Thomas Sim PEA2066

Q.In Rule 88, Personal Interest to be disclosed, there are direct and indirect interests. Para (2) of the Rule 88 mentioned also “contemplated interest” besides personal interest. What is “contemplated Read More …

2.5 Real Est Agcy Practice2.5

Personal Interest to be disclosed

28/04/2017 Thomas Sim PEA2066

Q.Johan is a negotiator who just joined a Realty Firm. He has the below questions: a) What is direct interest, and give example to illustrate this conflict. b) What is Read More …

2.5 Real Est Agcy Practice2.5

Statutory termination of SPA

10/04/2017 Thomas Sim PEA2066

Q.Purchaser of a housing project being caught in situation that the project is abundant for a long time, what can be done? A.This is about purchaser who falls victim to Read More …

2.4 Laws relating to Property, 2.5 Real Est Agcy Practice2.4, 2.5

Standard Tenancy Agreement

18/03/2017 Thomas Sim PEA2066

Q. Can you provide a standard tenancy agreement? A. Go here to get a sample of tenancy agreement. *IMPORTANT* Tenancy Agreement is a legal document and to be enforceable by law, Read More …

2.2 Estate Agency Law, 2.5 Real Est Agcy Practice2.2, 2.5

What is the meaning of “demised” in estate?

18/03/2017 Thomas Sim PEA2066

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 …

2.2 Estate Agency Law, 2.5 Real Est Agcy Practice2.2, 2.5

Obligations in Schedule H by Developer

25/02/2017 Thomas Sim PEA2066

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 …

2.5 Real Est Agcy Practice2.5

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