Thomas Sim E3009

Q.
Raja who has an SPM qualification works as a negotiator for an estate agency firm. He is interested to become a registered estate agent. With reference to the Valuers, Appraisers, Estate Agents and Property […]

Q.
a) List and describe three (3) types of agency engagement. (15 marks)

b) In accordance with the Standard, an estate agent should open a Client’s Account when he receives client’s money. Explain the […]

Q.
a) An estate agent who commits an offence under the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 may be subjected to disciplinary action.

List five (5) offences that may be subjected to […]

Q.
a) Explain the purpose of paying earnest deposit in the sale of a property transaction. (5 marks)

b) In the event of an abortive sale occurring after the signing of the Sale and Purchase Agreement, explain […]

Q.
a) Probationary estate agents should undergo professional training. Describe the three (3) areas of approved professional experience to enable them to sit for the Test of Professional Competence. (15 […]

Q.
Gemilang Sdn Bhd have two registered estate agents and employed 65 negotiators. Gemilang Sdn Bhd have remunerated them with 80% commission without salary but at the same time charges the negotiator RM300 each […]

Q.

What are the CPD Courses for renewal of REN tag for 2019?

A.

Circular 5/2018 of the Board has the below CPD course organizers:

Royal Institute of Surveyors Malaysia (RISM)
Association of […]

Q.

Can an agent prepare tenancy agreement for his clients?

A.

The answer is a Strict NO! However, it is a common practice. Why?

It is generally accepted that contract is to be prepared only by a legally […]

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 terms are used because of a major […]

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 his condo with the terms and time stated in […]

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 in the […]

Extract from Bank Negara Malaysia at

Views on property cooling measures
Posted on 14 March 2017 – 10:07am
Last updated on 15 March 2017 – 01:15pm

VARIOUS cooling measures introduced by the Malaysian government and Bank Negara Malaysia (BNM) to […]

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 at a later date.
Premium on extension of […]

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 Mr Lee Siew Seng “Issues of tenancy matters in […]

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 contain the registered valuer’s, […]

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 of work to make it done. Thanks!How would you answer […]

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 Penal Code and VAEA Act […]

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.Watch your stepAny right arising from an injury […]

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 general may be […]