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 …
Category: 2.2 Estate Agency Law
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 …
Necessity of Co-agency in Law and in Practice
Q. b) Explain the necessity of co-agency arrangement among estate agency firms. (5 marks) (20 marks, 2014 Q7b) A. (Part 1 on Agent’s agent also involves sub-agents, who are like Read More …
Law and regulations affecting strata title holdings
Q. Are all apartment, condo, suite and SOHO the same in the eyes of law? A. A good write up is from Chang Kim Loong ‘Not all apartments are the same’ published in The Read More …
Agent not disclosed
Q.In the real estate industry, there are many occasions that agents post themselves as owners of properties. If you happen to believe that is being true, and only found out Read More …
Fees chargeable on sale and rental
Q. What are the fee allowable on agency appointment? A. The Lembaga (LPPEH) and Malaysia Institute of Estate Agents (MIEA) have the following fee schedule published in their websites: This Read More …
Annual Renewal of Authority to Practice
Q.LPPEH requires the renewal of authority to practice as a firm annually. What are the required process to make a renewal? A.See below communication from LPPEH on the above matter. Read More …
Summary of disciplinary hearing by LPPEH
Q.You are an Estate Negotiator and your Estate Agent is responsible for your conduct. List down some examples of fines which the LPPEH has imposed upon REA for the wrong Read More …
Exceptions to estate agency practice S.22C
Q. A friend asked a probationary estate agent what is so special about being a Registered Estate Agent. He was informed that the Valuers, Appraisers and Estate Agents Act , Read More …
Benefits of leaving a Will
Q. Briefly, what are the benefits of having a Will? A. In short, a Will allows us to enjoy the following benefits: Appoint our own executor; Appoint the trustee; Appoint Read More …