Thomas Sim PEA2066

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 […]

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 the commission. Advice John.

A.
John […]

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 to the regulation by Housing […]

Q.Who is an appraiser? What is appraiser different from valuer?A.Appraisers are special group of people who practised valuation before the coming of the Valuers, Appraisers and Estate Agents Act, 1981. They were […]

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 – Jabatan Penilaian dan Perkhidmatan Harta, but the authority to collect […]

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 the Housing […]

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 or undertakes or causes to be […]

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 RENs. However, here we limit our […]

Q.
Sale by tender, what are the advantages and disadvantages?

A.
Refer earlier posts on tender below:

2012 Q8
2013 Q7
2014 Q3
2015 Q6
Tender – advantages and disadvantages (This Question)
Private treaty, […]

Q.
Deliberate on the effects and consequences of non-performing by the parties involved towards these obligations and the possible remedial action that can be taken.

A.
The original question is here. Much of the […]

Q.Describe the process of conveyancing from Vendor agreeing to sell a property to a purchaser, assuming that the property is a subsale and with title. What would differ, if it is a property without title?A.The […]

Q.What is the meaning of ‘caveat emptor’?A.Except for a few instances, the general rule when it comes to buying anything is caveat emptor – let the buyer beware.Caveat emptor /ˌkævɛɑːt ˈɛmptɔːr/ is Latin for […]

Q.
Give the various types of mode of sale, private treaty, auction, informal and formal tender.

A.
See also:

2012 Q8
2013 Q7
2014 Q3
2015 Q6
Tender – advantages and disadvantages
Private treaty, Auction, […]

Q.
(b) Discuss three (3) disadvantages of the private treaty mode of sale of property to the prospective purchaser. (10 marks)

(10 marks, 2015 Q6b)

A.

2012 Q8
2013 Q7
2014 Q3
2015 Q6 (This Question)
Tender – […]

Q.

List down some of the unethical practices you know about the real estate industry.

A.
11 Of The Sleaziest Real Estate Practices
By Gary Lucido, August 14, 2011 at 2:50 pm

If you ever wondered to what […]

Q.Which is better? Residential or commercial property investment.A.PROPERTY expert Peter Koulizos looks at the pros and cons of investing in commercial and residential real estateQuestion: Which is the better […]

Q.What is ‘Risk/Return Tradeoff’?A.The financial concept of ‘higher risk, higher return’.The risk/return tradeoff could easily be called the “ability-to-sleep-at-night test.” While some people can handle the […]

Q.Real Estate Market is Inefficient, why?A.The real estate market is inefficient in terms of information required to apply economic models. Several examples illustrate this limitation.Market is private and […]

Q.b)How depreciation affects the return on investment for industrial property.c)Two (2) examples how the terms of a tenancy could affect the rental income of a property.(2012 Q2)A.b)Depreciation is like ‘cost’ in […]

Q.What is longitudinal study and what is cross-section study?A.Longitudinal studies are those which collect information on subjects of study at two or more pointsin time (Goldstein (1979).They may be prospective, […]