Q. i) Briefly explain the conditions that a Financial Institution would require when considering to approve a loan application involving the purchase of a property from an individual. (15 marks) Read More …
Category: 2.5 Real Est Agcy Practice
The Marketing Plan from Listing to Delivery Q7
Q. Describe the marketing process of a housing development from its listing to delivery. Describe your marketing plan in detail. (20 marks, 2011 Q7) A. Similar question was asked in Read More …
Co-agency, Conditional Sale & Counter Offer Q8
Q. As a Real Estate Negotiator, briefly describe the followings:- i) Your role as a Negotiator in a co-agency. ii) Do’s and Don’t in a negotiation. iii) Conditional sale. iv) Read More …
Duty of Agent to his principal
Q. Nelson is an estate agent. He was instructed by Rama to evaluate Building X. Rama has stated that Nelson’s Report is important as it will be used by him Read More …
Duties of Agents
Q.List down the duties of an agent under common law. A.(5) Agent’s duties to principal under common law 1. To act in the best interests of the principal a. When Read More …
Ratifying unlawful act of an agent
Q. Explain the duties of an agent towards his principal and the situations where a principal can ratify the unlawful act of his agent. (20 marks, 2011 Q4) A. Meaning Read More …
Procedure of Property Auction
Q. Explain the procedure of a property auction. A. You will need to be above 18 years of age to register and become eligible to bid at an auction. Complete Read More …
Arbitration Act Revisited
Q. There are two Arbitration Acts in Malaysia, namely Arbitration Act 1952 and 2005. What are their differences and how to determine which Act is enforceable? A. Procedures & Laws Read More …
Stamp Duty on adjudication
Q. What is the purpose of adjudication of stamp duty? In a company, who is responsible for ensuring such procedure is done? A. a. Purpose of adjudication An application to Read More …
Open Market v Force Sale
Q. Would it be more expensive if property is traded in open market? Is the cost higher?
Estate Agent v E-Commerce
Q. Registered Estate Agent losing out to IT evolution in property transaction? Why do you go through agent? You can sell via Internet to your buyer direct!? Argue this observation.
Half done! Don’t Stop!
Q. Ah Kaw has instructed his agent to sell his bungalow. The agent took earnest deposit from a buyer, and came back informing Ah Kaw the good news. However, Ah Read More …
The Seller Changed his mind again!
Q. The seller changed his mind again! He earlier on told John who is his property agent to dispose of the bungalow immediately. While in vacation he happened to meet Read More …
You want money? You sell my house!
Q. If you loan your money to a friend, and you friend cannot repay you because he is broke. However, he has a house he can dispose of, and he Read More …
Agency Termination
Q.How to terminate an agency between and agent and his principal? A.S.154 of Contract Act 1950 provides that “An agency is terminated by the principal revoking his authority; or by Read More …
Agent’s Agent?
Q. In a scenario that a Registered Estate Agent (REA) is out of the country, and a deal was hot on the plate, can he assign another person to be Read More …
How much is enough of an Agent?
Q. In entrusting duties to an agent, how much responsibility is expected of him. For example, if the agent appoints a expert person to evaluate the property but finally the Read More …
Ratification in Contract Act 1950
Q. What are the ratification available in Contract Act 1950 when a contract was established not in the context initially desired by the principal? A. This is an act being Read More …
Vitiating factors of a contract
Q.List out five vitiating factors of a contract. A.There are five vitiating factors that can undermine a contract: Misrepresentation, Mistake, Duress, Undue Influence, and Illegality. 1. MISREPRESENTATIONA misrepresentation is a false statement Read More …
Role of Negotiator
Q.Describe the roles of Negotiator in assisting the client. A. Ref:http://www.nilaiharta.com.my/page/97/real-estate-agent–negotiators-role