Thomas Sim E3009

Q.What are the EXCEPTIONS as to the rules in transactions of moneys into or out of the client’s account?A.Rule 54 Exception.(1) Notwithstanding the provisions of these Rules a registered firm shall not be under an […]

Q.In what format can money be withdrawn from client’s account?A.Rule 53 (2) of Valuers, Appraisers and Estate Agents Rules 1986 states-2. No money (drawn) from a client’s account under subparagraph (b), (c), (d), […]

Q.In what conditions can monies be withdrawn from a client’s account?A.2014 Q7 is further elaborated below.Rule 53 of Valuers, Appraisers and Estate Agents Rules 1986 has the following guidance:-(1) No money may […]

Q.A realty firm engaged a REN with a probationary period of 6 months. However, this REN caused the trouble of running away with his client’s earnest deposit. The client complained to the Board. The firm defended […]

Q.What is your response when you heard your client complaining about the wrongdoing of another REA in your area? Should or should not you look into your client’s grievances, and help him in your role as his newly […]

Q.What do you mean by “Common Path of Egress Travel”?A.The common path of egress travel, or CPET, is defined in the IBC as:”That portion of exit access which the occupants are required to traverse before two […]

Q.In our modern day of PVC, is lead piping still used?A.Below is an extract from Safe Plumbing Org.Why is Lead Used in Water Pipes and Plumbing?The answer goes back literally thousands of years to the first […]

Q.What are the advantages and disadvantages of concrete frame structure?A.Advantages:1- Low Cost (Than Steel Structures)2- Good Safety (Compared to its Price)3- High Compressive Strength (Best choice for lower […]

Q.
What are the suitable foundation types of variety of soil?

A.
Verbatim from:
Types of Foundation
DiyEx | April 9, 2015

Using or being able to identify the correct types of foundation needed for a […]

Q.How do you remember the Rules on Advertisement and publicity?A.111 Matters forbidden(1)(a) inaccurate(b) solicitation(c) comparison(d) expert(e) self-laudatory(2) disrepute undermine public confidence112 Promote […]

Q.Comment on the Advertisement below.[Logo of LPPEH]BUNGALOW for Sale!Guaranteed Capital Appreciation!Below market Value!Location – at the suburb Bangsar, amazing view to the city.Asking price: RM3.8 mio […]

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 much intended to secure his […]

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 Appointment4. F = Fee5. T = Terms of Engagement6. A = […]

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 transaction if the other party to the same transaction is […]

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 to Valued, Appraisers and Estate […]

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 […]

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 indirect interest, and give example to […]

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 at Taman ABC?”
“Who? I’m in a meeting”
“Sir, sir, hold on… […]

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 the parts are extracted verbatim […]

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 land acquisition. What […]