Activity

Q.Ajunan recently passed his TPC. He is now a registered estate agent in Part III, Item A of the Fourth Schedule, which is the Register of Estate Agents. Can he start his practice straight away?A.The straight […]

Q.
“Where on earth does it say I can be charged for the offence of being a unlicensed broker?” Ah Beng told to Johnny who is annoyed by the way Ah Beng is soliciting to sell Johnny’s house.

A. (Also posted in […]

Q.There are so many sections under VAEA Act, 1981. Can you tell me which sections are important?A.S.14 RegistersS.15A Application for authority to practise.S.16 Authority to practiseS.22A Registration of estate […]

Q.What are the functions and responsibilities of Board of Valuers, Appraisers and Estate Agents?A.Functions of the Board10. The functions of the Board shall be—(a) to keep and maintain a Register of Valuers, A […]

Q.
What is “Property Management”?

A.
Section 2 Interpretation of Valuers, Appraisers and Estate Agents Act, 1981 spells out what it means:

“property management” means the management and control of any lan […]

Q.
What are the requirement differences between PEA and REA? Is there some extra knowledge or character requirement before a PEA can be registered as REA?

A.
Let us look at Section 22A (registration of REA) […]

Q.
Under what conditions can a person be registered as a Registered Estate Agent (REA) in Malaysia?

A.
The VAEA Act, 1981 spells out the registration of estate agent in its Section 22A.

22A. Registration […]

Q.
List down the procedures for application to renew Annual Authority to Practise as an individual REA.

A.
See here for Renewal of Authority to Practise as a firm.

The form to complete is Form P. Within […]

Q.
List out the procedure to renew annual ‘Authority to Practice’ for a registered firm by REA.

A.
Renewal of Annual Authority to Practise as an individual go here.

Rule 25I govern the requirement to […]

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 […]

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 paid 8 months ago and yet, the transfer of the title has not […]

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 to sell his current house and it happened that Angel […]

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 client’s account are Rule 52 and […]

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 shall not be under an […]

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 under subparagraph (b), (c), (d), […]

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 guidance:-(1) No money may […]

Q.A realty firm engaged a REN with a probationary period of 6 months. However, this REN caused the trouble of running away with his client’s earnest deposit. The client complained to the Board. The firm defended […]

Q.What is your response when you heard your client complaining about the wrongdoing of another REA in your area? Should or should not you look into your client’s grievances, and help him in your role as his newly […]

Q.What do you mean by “Common Path of Egress Travel”?A.The common path of egress travel, or CPET, is defined in the IBC as:”That portion of exit access which the occupants are required to traverse before two […]

Q.In our modern day of PVC, is lead piping still used?A.Below is an extract from Safe Plumbing Org.Why is Lead Used in Water Pipes and Plumbing?The answer goes back literally thousands of years to the first […]