In the 2020 Edition of MEAS, Standard 6, it was omitted the below statement: “Person responding to this flyer are not required to pay any estate agency fee whatsoever for Read More …
Category: 2.2 Estate Agency Law
2019 Q Analysis D08 Estate Agency Law
REN Tag renewal CPD TPC – Rules Q4
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 Read More …
VAEP ACT Amended 2017 that affected EAP
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 Read More …
Business Card
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 Read More …
Cheating
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 Read More …
Eligibility for examination and practical experience
Q. (Also posted in justLetak!) I would like to know, how could i access to your question bank? A.There is a question bank at my-realestateforum.blogspot.com. It is for public. 2011-2017 Read More …
Service of employee of another REA
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 Read More …
Unfair advantage in promoting oneself
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:- Read More …
Rebates, commission sharing or fee splitting
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 Read More …
Recovery of commission fee reward unlicensed broker
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 Read More …
Impersonating an agent
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 Read More …
Removal from register
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 Read More …
Lease your REA License?
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 Read More …
Difference between S.24 and S.30
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 Read More …
Liability for offences by firm
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 Read More …
Cancellation of registration of Firm
Q. Under what conditions that the Board can cancel the registration of a Firm? A. Section 23 Practice by firms. (4A) Notwithstanding subsection (2) or (4), the Board shall cancel Read More …
Dead, removed or suspended REA
Q. What happen to me as a client when my REA is dead or being removed from the register or suspended by the Board? A. Section 23 Practice by firms Read More …
Practice by Firms
Q.Ajunan recently passed his TPC. He is now a registered estate agent in Part III, Item A of the Fourth Schedule, which is the Register of Estate Agents. Can he Read More …
RM300,000 Fine and Imprisonment max 3 years
Q. “Where on earth does it say I can be charged for the offence of being a unlicensed broker?” Ah Beng told to Johnny who is annoyed by the way Read More …