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 …
Category: 2.5 Real Est Agcy Practice
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 …
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 …
Disadvantages of Sale by Private Treaty
Q. (b) Discuss three (3) disadvantages of the private treaty mode of sale of property to the prospective purchaser. (10 marks) (10 marks, 2015 Q6b) A. 2012 Q8 2013 Q7 Read More …
Unethical Real Estate Practices
Q. List down some of the unethical practices you know about the real estate industry. A. 11 Of The Sleaziest Real Estate Practices By Gary Lucido, August 14, 2011 at Read More …
Fees chargeable on sale and rental
Q. What are the fee allowable on agency appointment? A. The Lembaga (LPPEH) and Malaysia Institute of Estate Agents (MIEA) have the following fee schedule published in their websites: This Read More …
Advertisement which are against the rules of VAEAA
Q. What are the example of wrong advertisements against the rules and regulation of the Valuers, Appraisers and Estate Agents Act, 1981? What are the sections of the law which Read More …
Annual Renewal of Authority to Practice
Q.LPPEH requires the renewal of authority to practice as a firm annually. What are the required process to make a renewal? A.See below communication from LPPEH on the above matter. Read More …
Summary of disciplinary hearing by LPPEH
Q.You are an Estate Negotiator and your Estate Agent is responsible for your conduct. List down some examples of fines which the LPPEH has imposed upon REA for the wrong Read More …
Exceptions to estate agency practice S.22C
Q. A friend asked a probationary estate agent what is so special about being a Registered Estate Agent. He was informed that the Valuers, Appraisers and Estate Agents Act , Read More …
Rescission of a SPA Q1
Q. A rescission of a Sale and Purchase contract refers to the option to terminate the contract upon failure of the other party to perform an essential obligation of the Read More …
Tenancy Agreement Terms and Conditions Q2
Q.The owner of an office building in Kuala Lumpur intends to engage your services as a leasing agent to secure a suitable tenant. Advise him on the terms and conditions Read More …
Different types of agencies & Proper Office Q3
Q. A) Briefly describe the following:- i) Client’s Account ii) Earnest Deposit iii) Professional Indemnity Insurance iv) Proper office (10 marks) B) Describe the types of agencies as listed below Read More …
Compliance to VAEAA 1981 and Consequences of non-compliance Q4
Q.Discuss the provisions in the Valuers, Appraisers and Estate Agents Act, 1981 in maintaining the professionalism of estate agents in Malaysia. Provide details of the provisions and outline the consequences Read More …
Investment in real estate income and expenses Q5
Q. Your client has decided to invest in properties to provide him a regular and secure income. Advise him on the income to expect for the different types of investments Read More …