After you have put your booking fee, what happens next (Vendor-Purchaser – subsale)? You saw a house and decided to buy. You gave the booking fee (usually RM5,000) to the Read More …
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Direct to SPA TPC – Practice Q16
Q. If the buyer straight away go to sign SPA without booking fee, what happen? A. Nothing much happened. Only that there is no signing of letter of offer. This Read More …
With or Without SPA TPC – Practice Q15
Q. Can you directly proceed to SPA without going to an agent? A. Of course you can!!! The practice of agency is not mandatory. What it means is you can Read More …
Booking Fee Refundable? TPC – Practice Q14
Q. Can I get back my booking fee (earnest money)? When a purchaser offers to buy a property from a vendor (seller) in a subsale. He puts his booking fee Read More …
Service Suite vs Condo TPC – Law Q7
Q. What is “service suite” if compared to “condominium”? A. Some answers are like: Service Suite is of higher standard! It is used as “Hotel”! It is commercial use. It Read More …
Conditional and Unconditional TPC – Practice Q13
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 …
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 …