Thomas Sim PEA2066

Q.
What is the basis of Contract Law that says the agreement is void? This question refers to the “Delay in signing SPA”.

A.
Amzi was supposed to fly on 20th May, and that was why he wanted everything done on […]

Q.
In the scenario of Azmi and Janice earlier on, what happen to the professional estate agent fee?

A.
MEAS 4.2.8. Where earnest or rental deposit is paid and accepted by the client (Azmi), before the signing of […]

Q.Johan is a new REA coming to town. One day, while cracking his head on slow business, he was approached by a REN of another agency to have a heart to heart talk. Over the coffee, the below conversation […]

Q.Johan and few other REAs are competing in the same area for business. In order to win more clients, Johan came out with some ideas. Some of his strategies are:-I) Comparison of services as he has a Valuer […]

Q.Popular REA Johan is usually asked by client who is the SPA lawyer so that they can obtain special service in doing their SPA. Johan always recomment his old classmate Kimberly & Associates.One day, Kimberly […]

Go here for this posting – earnest money forfeited or return to Purchaser?

Q.
Azmi is selling his bungalow house. The buyer Janice agreed to purchase it and paid the 2% earnest deposit to you as the REN. You took […]

Q.
Azmi is selling his bungalow house. The buyer Janice agreed to purchase it and paid the 2% earnest deposit to you as the REN. You took the money and paid into the firm’s client’s account. The agreed terms is to […]

Q.
What does it say indefeasibility of land title is guaranteed by the State?

A.

From Duhaime’s Law Dictionary, “indefeasible” definition is:

A right or title in property that cannot be made void, defeated or […]

Q.Is there a Strata Titles Broad or Strata Management Tribunal? Which is correct?A.Strata Management Tribunal is the correct one. Strata Titles Board was established in the amended Strata Titles Act, 2007 […]

Q.Where is it stated that Land is a State Matter?A.The highest authority in the land is The Federal Constitution.Article 74 (Clause 2) and 76 (Clause 4) of The Federal Constitution specifically list out the […]

Q.
It has been really confusing with so much calculation on interests, capitalization, saving required, PV and years’ purchase. Can you provide a summary?

A.
A good blog on summary is provide below:

Valuation […]

Q.Explain the following building terms with diagram when necessary.JoistsStringersHeadersPurlinsRaftersGirtsLintelsGirdersSpandrelsTrussesA.In most buildings, the superstructure systems consists of floor and roof […]

Q.
What is the basic concept of Torrens System?

Explain what are Mirror and Curtain principles. List out the main characteristics of Torrens System. How does it differ from the old system – Deed System and what […]

Q.
Is there a chance that I squat for 50 years in this land and it will be mine?

A.
The question is simple. Can you just occupy a space in the wild and claim that it is yours?

After all, nobody has been there […]

Q.Josephine is the daughter of Auntie Wong who has co-broked a bungalow house costing RM1 mio. She asks you as a REA whether her mother’s share of commission amounting to half of the total commission (1% of agreed […]

Q.Where on earth does it say impersonating an agent is wrong? Ah Beng was arguing with Johnny after failing to solicit for his house for sale.”I was just trying to help you sell your house! For God’s sake! For a […]

Q.
Under what circumstances would a REA be removed from the Register of REA and Register of Firm?

A.
Section 25 of Valuers, Appraisers and Estate Agents Act, 1981 spells out the various situations where a REA can […]

Q.Many a time, people ask me:”When I get my REA License, can I rent it out to someone to run an agency firm?”And, “How much I can get when I lease my REA license?”A. (Also posted at justLetak!)There are two […]

Q.
In VAEA Act, 1981, what are the sections and subsections that regulate disciplinary actions against REA? What are the differences among these sections.

A.
Section 24 and section 30 are the two major sections […]

Q.When 3 REAs and 1 Valuer came together to set up a firm, they hold 25% of shares each in this Sdn Bhd.One day, one of the REA is found guilty of cheating a client a huge sum of money – RM1mio and having slapped […]