Q. What is conditional contract? When does it become unconditional? A. When two parties come to a negotiation, many things are not yet certain. If I get my wife to Read More …
Author: Thomas Sim E3009
I am the founder and webmaster of estateagentexam.com. This is an E-Learning website for Diploma in Estate Agency Examination conducted by Board of Valuers, Appraisers, Estate Agents and Property Managers, Malaysia (BoVAEP). I am contactable at 012 - 8866 090 and email address [email protected].
Criminal issue in Tenancy TPC – General Q5
Q. Criminal issues in tenancy. What is the implication of that? A. When a prospect calls to book your place, is money the only factor to rent to him? Many Read More …
Early Vacant Possession advisable? TPC – Rules Q3
Q. What if the tenancy agreement is in the future date? Can I let the tenant in first? How about my fee as agent who completed the instruction? A. In Read More …
Land Conversion AVTC TPC – Law Q6
Q. What is Land Conversion or AVTC (Application for Variable Title Condition)? A. AVTC* is a term used in Sarawak. West Malaysia, it is called land conversion. The fee is Read More …
Ownership by Company TPC – General Q4
Q. Can I buy property using my business name? A. The answer is YES and NO. Why? If your business is a sendirian berhad or berhad company, then YES! If Read More …
Commercial Property Loan % TPC – Practice Q12
Q. How to best benefit from Commercial Property Loan? A. Policy for loan on commercial properties is usually at maximum of 80% of the value of property. However, there is Read More …
Residential Loan % TPC – Practice Q11
Q. How do you best benefit from housing loans? A. 1st and 2nd loans – up to 90% of the value of the property (residential). 3rd and beyond – up Read More …
Cost of transaction TPC – Practice Q10
Q. How much is the ancillary cost of buying a property (subsale)? A. We have paid for the house say RM500k. What are the other costs that you need to Read More …
Counter Offer TPC – Practice Q9
Q. What happen to offer when you negotiate? The original offer still stays? A. Take for example, when you saw an advertisement to let – RM1,200 per month rental. You Read More …
Refusal to Sell/Let TPC – Practice Q8
Q. Can you refuse to sell? Or Rent? A. We usually prefer to agree. This is a common Asian culture. We seldom reject. So in selling, when people give in Read More …
Client’s Account Why? TPC Rules Q2
Q. Why do you need client’s account in agency practice? A. The reason for that is because the money is held temporarily before its transmission to the payable account of Read More …
Client’s Account TPC – Rules Q1
Q. Client’s account. What is it? A. Many time, people take for granted the client’s money. It’s very crucial for an estate agent to hold your money in his “client’s Read More …
GST and SST in Property TPC – Practice Q7
Q. How does GST (now repealed and will be replaced with SST) affect property transactions? A. Little known fact about GST in Estate Agency Practice. Some people try to save Read More …
Need of Agent TPC – General Q3
Q. Why is a Registered Estate Agent ever be needed in the first place? A. The word is “Trust”. You may not agree. Take for example, you buy a car Read More …
Amendment VEAP Act 1981 TPC – Law Q5
Q. There are some interesting things in the amended NEW Valuers, Appraisers, Estate Agents and Property Managers Act, 1981 (amended 2017). What are they? Can you name 6 new changes Read More …
Agent preparing Tenancy Agreement TPC – Practice Q6
Q. In a residential tenancy agreement, can I ask my agent to prepare the agreement instead of going to the lawyer? A. IF (and only IF) an agent were to Read More …
Preparing Tenancy Agreement TPC – Practice Q5
Q. Can an agent prepare tenancy agreement for his clients? A. The answer is a Strict NO! However, it is a common practice. Why? It is generally accepted that contract Read More …
Tenancy Agreement Part 3 TPC – Practice Q4
Q. What if Tenancy Agreement is never stamped or lost? Tenancy Agreement – Part 3. A. So… tenancy agreement lost and never stamped. In such case, the contract of renting is Read More …
Tenancy Agreement Part 2 TPC – Practice Q3
Q. Is Stamping a mandatory process in a Tenancy Agreement? Tenancy Agreement – Part 2. A. So, stamping is not required? Yes, and No. When dispute happens… let us assume that Read More …
Lost tenancy agreement Part 1 TPC – Practice Q2
Q. Lost your tenancy agreement? Tenancy Agreement – Part 1. A. A friend learned that I am studying Estate Agent Examination, so she asked me about tenancy agreement which is lost. Read More …