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 Read More …
Category: 2.5 Real Est Agcy Practice
Who decides on property value?
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 – Read More …
Duties of Developer in SPA
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 Read More …
Stages of Housing Project Development in Malaysia
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 Read More …
Necessity of Co-agency in Law and in Practice
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 Read More …
Tender – advantages and disadvantages
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 Read More …
Conveyancing without title
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 Read More …
Caveat emptor
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 Read More …
Private Treaty, Auction, Informal and Formal Tender
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 Read More …
Disadvantages of Sale by Private Treaty
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 Read More …
Unethical Real Estate Practices
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 Read More …
Fees chargeable on sale and rental
Q. What are the fee allowable on agency appointment? A. The Lembaga (LPPEH) and Malaysia Institute of Estate Agents (MIEA) have the following fee schedule published in their websites: This Read More …
Advertisement which are against the rules of VAEAA
Q. What are the example of wrong advertisements against the rules and regulation of the Valuers, Appraisers and Estate Agents Act, 1981? What are the sections of the law which Read More …
Annual Renewal of Authority to Practice
Q.LPPEH requires the renewal of authority to practice as a firm annually. What are the required process to make a renewal? A.See below communication from LPPEH on the above matter. Read More …
Summary of disciplinary hearing by LPPEH
Q.You are an Estate Negotiator and your Estate Agent is responsible for your conduct. List down some examples of fines which the LPPEH has imposed upon REA for the wrong Read More …
Exceptions to estate agency practice S.22C
Q. A friend asked a probationary estate agent what is so special about being a Registered Estate Agent. He was informed that the Valuers, Appraisers and Estate Agents Act , Read More …
Duty of Agent to his principal
Q. Nelson is an estate agent. He was instructed by Rama to evaluate Building X. Rama has stated that Nelson’s Report is important as it will be used by him Read More …
Duties of Agents
Q.List down the duties of an agent under common law. A.(5) Agent’s duties to principal under common law 1. To act in the best interests of the principal a. When Read More …
Ratifying unlawful act of an agent
Q. Explain the duties of an agent towards his principal and the situations where a principal can ratify the unlawful act of his agent. (20 marks, 2011 Q4) A. Meaning Read More …
Procedure of Property Auction
Q. Explain the procedure of a property auction. A. You will need to be above 18 years of age to register and become eligible to bid at an auction. Complete Read More …