Q. What are the issues to be considered in determining compensation for land acquisition? A. Market Value Market value is “the price that would be paid by a willing purchaser 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.
What if unpaid maintenance fee still unpaid after notice is being served?
Q. What if unpaid maintenance fee still unpaid after notice is served? A. Section 79, Strata Management Act, 2013 specifies the various procedures to recover the debts by attachment of Read More …
How Management Corporation can recover unpaid maintenance fees?
Q. (b) Unpaid service charge is a bane (problem) to the Management Corporation. Explain the process by which the Management Corporation can recover such arrears. A. S.77 & 78 of Read More …
What can be claimed at Housing Tribunal?
Q. What are the types of claims handled by the Tribunal? A.For a claim to be heard by the Tribunal it must fulfill certain conditions. The Tribunal will consider a Read More …
The Role of Housing Tribunal
Q.How could the Housing Tribunal play its role in protecting the interest of the homebuyers? A. Chang Kim Loong, The Star Saturday, 15 February 2014. Is the Housing Tribunal effective? Link Read More …
Standard Tenancy Agreement
Q. Can you provide a standard tenancy agreement? A. Go here to get a sample of tenancy agreement. *IMPORTANT* Tenancy Agreement is a legal document and to be enforceable by law, Read More …
Mutual Covenant in a Tenancy Agreement
Q.What do you include in the mutual covenant of the tenancy agreement? A.Mutual Covenants (a) If the Rental or any part of thereof shall be unpaid after becoming payable in Read More …
What is the meaning of “demised” in estate?
Q.What is the meaning of “demised” in estate? Why is it used as in “Demised Property” during a Tenancy Agreement? A.Demise – in law and used in real estate terms Read More …
Commission to be paid on unsettled deal?
Q.A prospective buyer has already placed earnest deposit of 3% to purchase a property worth RM500k from your Client (Vendor), however he backed off without signing the SPA. Could you Read More …
Professional work by REA during employment
Q. Can a REA privately help his friends in transaction of property when a) he is employed as a resident manager of an Agency Firm? b) he is employed by Read More …
FAQ by MIEA – Shareholders, Branch Office and REA Resignation
Q.What if I want to set up an agency with a non-REA, can a REA do that? What about a branch office? Do I need a resident REA? How about Read More …
Illegal Brokers – which Act says they are illegal?
Q. Which Act says they are Illegal Agents or Brokers? Provide and support with the law which can be enforced against illegal agents or brokers. A. Part VIII of the Read More …
Practical Experience in order to qualify for TPC
Q. Write about the requirement of practical experience to be qualified for Test of Professional Competence in Estate Agency. A. The Rule 45 Practical Experience provides the requirement of 2 Read More …
Exemption equivalent to Estate Agent’s Examination by the Board
Q.List down the exemption route equivalent to Estate Agent’s Examination. A. (Also posted in justletak.blogspot.com) Exemption Route Rule 43 Exemptions (1) The Board may accept the examinations of institutions of Read More …
Examination details to become Registered Estate Agent
Q. List down the examination requirements to qualify as Registered Estate Agent. A. (Also posted in justLetak!) Examination Rule 29 Conduct of examination (1) The Board shall conduct examinations for Read More …
Fee splitting in Co-agency
Q. John discovers his co-agent Huang is hiding something from him. The purchaser in fact had already seen John on the viewing of bungalow. Now, Co-agent Huang said he deserves Read More …
Obligations in Schedule H by Developer
Q. What are the obligations of developer to purchaser of a strata unit of a condominium project? A. See here on Duties of Developer in SPA. Developer requires to adhere Read More …
Who decides on property value?
Q.Who is the party to decide the value of the property I bought so that I can pay the stamp duty? A.The valuation of the property is by JPPH – Read More …
Duties of Developer in SPA
Q. List down the duties of Developer in Sale and Purchase Agreement (SPA). A. Obligations in Schedule H by Developer. Background Housing developers in Peninsular Malaysia are mainly governed by Read More …
Stages of Housing Project Development in Malaysia
Q.Explain the stages of a Developer in a housing development project. A.GENERAL OPERATION OF THE INDUSTRY A property developer is a person or company that engages in or carries on Read More …