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Estate Agent's Examination Part 1&2

BOVAEP Diploma in Estate Agency (ECON)

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Estate Agent's Examination Part 1&2 > View all posts by Thomas Sim E3009 (Page 25)

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.

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07/05/201707/11/2020 Thomas Sim E3009

Q.Johan is a newly licensed registered estate agent. There are three scenarios he has been approached by the Developer to participate below; the same developer to whom Johan had very Read More …

2.2 Estate Agency Law2.2

Remembering the Standards and Rules 1

06/05/201707/11/2020 Thomas Sim E3009

Q.How to remember all that MEAS (Standards) and Rules in VAEA 1986? A.The 3-in-1 & 4-in-1 method. MEAS1. O = Office2. N = Negotiator3. T = Types of Appointment 4. Read More …

2.2 Estate Agency Law, 2.5 Real Est Agcy Practice2.2, 2.5

Acting for 2 parties

03/05/201707/11/2020 Thomas Sim E3009

Q. Why acting for two parties is not allowed in Estate Agency? A. Rule 93 Acting for 2 parties. (1) A REA shall not act for one party to a Read More …

2.2 Estate Agency Law2.2

Consultation fee on top of commission

03/05/201707/11/2020 Thomas Sim E3009

Q.Can a firm of Estate Agency demand consultation fee on top of the commission for a transaction with its client? What are the regulation allowable for such action? A.Below refers Read More …

2.2 Estate Agency Law2.2

Contemplated Interest

28/04/201707/11/2020 Thomas Sim E3009

Q.In Rule 88, Personal Interest to be disclosed, there are direct and indirect interests. Para (2) of the Rule 88 mentioned also “contemplated interest” besides personal interest. What is “contemplated Read More …

2.5 Real Est Agcy Practice2.5

Personal Interest to be disclosed

28/04/201707/11/2020 Thomas Sim E3009

Q.Johan is a negotiator who just joined a Realty Firm. He has the below questions: a) What is direct interest, and give example to illustrate this conflict. b) What is Read More …

2.5 Real Est Agcy Practice2.5

Meaning of “harass”

27/04/201707/11/2020 Thomas Sim E3009

Q. In the middle of a meeting, Johan was annoyed by a phone call on his house recently put up for sale. “Is this the owner of No.123, Lorong XYZ Read More …

2.2 Estate Agency Law2.2

Cases on Market Value

16/04/201707/11/2020 Thomas Sim E3009

Q. Can you provide case law on determining “Market Value” in land acquisition? A. Salleh Buang has written a section on case laws in determining Market Value and some of Read More …

2.4 Laws relating to Property2.4

Measure of Compensation in land acquisition

16/04/201707/11/2020 Thomas Sim E3009

Q. How to measure the amount of compensation to be adequate in land acquisition? A. Article 13 of the Federal Constitution requires that “adequate compensation” must be paid for every Read More …

2.4 Laws relating to Property, Land Acquisition2.4

Torrens Charge vs Mortgage

15/04/201707/11/2020 Thomas Sim E3009

Q. What are the differences between torrens charge and mortgage? A. See Compare and contrast lien and charge here 2012 Q3b. The Torrens Charge is a creation of statute, ie National Read More …

2.4 Laws relating to Property2.4

How is share units determined?

14/04/201707/11/2020 Thomas Sim E3009

Q.How do you calculate share unit in a strata building? A.Share units are computed based on the area, usage, size and location of the accessory parcel using the prescribed formula Read More …

2.4 Laws relating to Property2.4

How Share Unit is incorporated into Strata Building?

14/04/201707/11/2020 Thomas Sim E3009

Q. How Share Unit is being incorporated to the Strata Parcels? A. Below is the extract from REHDA (Real Estate and Housing Developer’s Association of Malaysia) article on ‘Processes and Read More …

2.4 Laws relating to Property2.4

Power of State Authority on State Land

12/04/201707/11/2020 Thomas Sim E3009

Q. State Authority (Penguasa Negeri) is the highest authority on land matters in the State. What power does it have? A. (POWER TO GIVE LAND) 42. Powers of disposal.  (1) Read More …

2.4 Laws relating to Property2.4

Differences between a lease, a license and an easement

11/04/201707/11/2020 Thomas Sim E3009

Q.Write down the differences between a lease, a license and an easement. A.A legal dispute may arise as to whether an arrangement between parties relating to rights to use land Read More …

2.4 Laws relating to Property2.4

Statutory termination of SPA

10/04/201707/11/2020 Thomas Sim E3009

Q.Purchaser of a housing project being caught in situation that the project is abundant for a long time, what can be done? A.This is about purchaser who falls victim to Read More …

2.4 Laws relating to Property, 2.5 Real Est Agcy Practice2.4, 2.5

Grounds to challenge land acquisition

10/04/201707/11/2020 Thomas Sim E3009

Q.What are the possible grounds to challenge land acquisition by Land Acquisition Act, 1960? A.Challenging the acquisition proceedings in a land acquisition is not uncommon. There were many successful cases. Read More …

2.4 Laws relating to Property, Land Acquisition2.4

Exercising water cut, denying access or stopping lift operation when default in payment of fees?

31/03/201707/11/2020 Thomas Sim E3009

Q. When MC gets recalcitrant defaulters for unpaid service charge, does Joint Management Body/Management Corporation has a legal right to undertake actions like exercising water cut, or denying access for Read More …

2.4 Laws relating to Property2.4

How to simplify the process of Land Acquisition?

31/03/201707/11/2020 Thomas Sim E3009

Q. The whole thing about land acquisition seems messy and lengthy. Can you simplify it and make the process easily understood to a client whose land is under the process Read More …

2.4 Laws relating to Property, Land Acquisition2.4

Is silence an acceptance to a contract?

27/03/201707/11/2020 Thomas Sim E3009

Q. Is silence an acceptance to a contract? A. The YouTube video above talks about the below question: When is silence construed as acceptance of an offer? Similar argument is Read More …

1.2 Intro to Law1.2

Bad Faith in Land Acquisition

27/03/201707/11/2020 Thomas Sim E3009

Q. The law in Section 3 – Acquisition of Land provided by Land Acquisition Act, 1960 gives the State Authority to acquire any land which is needed for development. In Read More …

2.4 Laws relating to Property, Land Acquisition2.4

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