Category: Client’s Account

Q. What is the indemnity insurance for REA? A. From website of LPPEH – propertyagent.gov.my, Professional Indemnity Insurance Every registered firm is also required to purchase a Professional Indemnity Insurance Read More …

Q.Can I ask from my REA the interest of RM80,000 which I have given to him as 10% payment for the purchase of a shoplot costing RM800,000? It has been Read More …

Q.Angel who is my partner’s client has a house for sale. At the same time, she is also looking for an upgrade to a bigger house. Recently, John contacted me Read More …

Q.What are the varied level of control over moneys not supposed to be entered into client’s account? A.The rules providing guidance on what is not allowed to be remitted into Read More …

Q.What are the EXCEPTIONS as to the rules in transactions of moneys into or out of the client’s account?A.Rule 54 Exception.(1) Notwithstanding the provisions of these Rules a registered firm Read More …

Q.In what format can money be withdrawn from client’s account? A.Rule 53 (2) of Valuers, Appraisers and Estate Agents Rules 1986 states- 2. No money (drawn) from a client’s account Read More …

Q.In what conditions can monies be withdrawn from a client’s account? A.2014 Q7 is further elaborated below. Rule 53 of Valuers, Appraisers and Estate Agents Rules 1986 has the following Read More …