Q. What do you mean by “No gain No Loss”? And, “Disposal deemed at market value?” A. If you study taxation, you would have heard “No gain No loss”. For Read More …
Author: Thomas Sim E3009
I am the founder and webmaster of estateagentexam.com. This is an E-Learning website for Diploma in Estate Agency Examination conducted by Board of Valuers, Appraisers, Estate Agents and Property Managers, Malaysia (BoVAEP). I am contactable at 012 - 8866 090 and email address simyansun@gmail.com.
Importance of Title TPC – Law Q1
Q. Why having title is better than no title? Why title is so important? A. A title is not that important most of the time. Most of us are staying Read More …
Expatriate Clause – TPC Practice Q1
Q. What is “Expatriate” or “Diplomatic” Clause in a tenancy agreement? This was asked in 2017 Q1 in D11 Real Estate Agency Practice. A. The name can give us some Read More …
Meeting Expectation – TPC General Q1
Q. Why are there so many brokers? Yet, the estate agency service never really meet the expectation? A. From the level of estate agency practice, it is matching the right Read More …
Condominium vs Service Suite ANY DIFFERENCE?
Q. There market is packed with launches of various products. Is there any difference between a condominium and a service suite? Why cannot use only one name? A. The two Read More …
Having breached Option Contract to Purchase
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 …
Real Estate and GST
Q. How is GST imposed on properties, especially Commercial Property in Malaysia? A. There are two parts to this. One is the GST on the service. Another is the GST Read More …
Real Estate Agency Service and GST
Q. Why do I have to pay for GST to the Agency which I appointed to sell/rent my house? A. Little known fact about GST in Estate Agency Practice. Some people Read More …
New VAEP Act for Property Managers
Q. What is new about the VAEP Act 1981 on Property Management? A. Some areas of changes have been made to estate agency practice. Please see my earlier post here Read More …
VAEP ACT Amended 2017 that affected EAP
Q. What are the main CHANGES in Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (amended 2017) that affect Estate Agency Practice? A. Summary: There are some interesting things Read More …
Premium payable for lease extension
Q. How to calculate the premium on renewal of lease? A. There are two types of premium on lease. Premium on conversion of category of land use during alienation or Read More …
How to get rid of your tenant?
Q. (Also posted in justLetak!) How to get rid of my errant tenant who owes me 10 months rental? A. FOR COMPLETE READING ON TENANCY MATTERS, read the slides of Read More …
Business Card
Q. What are the regulation imposed on business card for REA and REN? A. Rule 118 Business cards A registered valuer, appraiser or estate agent may use business cards which Read More …
Earn good money with EA licence?
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 …
Cheating
Q. (Also posted in justLetak!) What if an illegal broker is found cheating on people with fake housing projects and disappearing with money put as deposit? A. The laws are Read More …
“Slip & Fall” Tort Claim
Q.What is “Slip & Fall” tort claim? Can all slip & fall be claimable? A.Read article by The Star Malaysia on 14 Dec 2010, written by Bhag Singh, verbatim below. Read More …
Timber vs Concrete vs Steel
Q. Give a summary of the comparison of Timber, Concrete and Steel as construction material. A. ADVANTAGES AND DISADVANTAGES OF STEEL AS A STRUCTURAL DESIGN MATERIAL The following advantages in Read More …
Barriers to implementing CRM
Q. (Also posted in justLetak!) List out the barriers in implementing Customer Relationship Management (CRM). A. Firstly, CRM stands for Customer Relationship Management, not Customer Relationship Marketing. However, some people Read More …
Marketing mix – How many “P”s?
Q.Marketing mix – How many “P”s? A.Traditionally, there are 4 Ps. However, marketing gurus have come out with extended Ps. These Ps can be sprint off from the existing Ps, Read More …
Advance Duty
Q. There is initial duty and additional duty. What is ‘advance duty’? A. The issue of initial duty and additional duty came about because private valuer come out with different Read More …