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Thomas Sim PEA2066 wrote a new post, Refusal to Sell/Let TPC – Practice Q8 7 years, 2 months ago
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 to us, we will just agree.
In law, this is not so. When […]
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Thomas Sim PEA2066 wrote a new post, Client's Account Why? TPC Rules Q2 7 years, 2 months ago
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 the intended party.
Take for example i […]
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Thomas Sim PEA2066 wrote a new post, Client's Account TPC – Rules Q1 7 years, 2 months ago
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 account”. It is a temporary stop before th […]
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Thomas Sim PEA2066 wrote a new post, GST and SST in Property TPC – Practice Q7 7 years, 3 months ago
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How does GST (now repealed and will be replaced with SST) affect property transactions?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 on commission when dealing with […]
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Thomas Sim PEA2066 wrote a new post, Need of Agent TPC – General Q3 7 years, 3 months ago
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 from Jerry. Jerry takes the money from you and disappear. You […]
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Thomas Sim PEA2066 wrote a new post, Amendment VEAP Act 1981 TPC – Law Q5 7 years, 3 months ago
Q.
There are some interesting things in the amended NEW Valuers, Appraisers, Estate Agents and Property Managers Act, 1981 (amended 2017). What are they?
A.
5 key points are:
Better definition of EAP as […]
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Thomas Sim PEA2066 wrote a new post, Agent preparing Tenancy Agreement TPC – Practice Q6 7 years, 3 months ago
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 help type out the agreement, he cannot charge the […]
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Thomas Sim PEA2066 wrote a new post, Preparing Tenancy Agreement TPC – Practice Q5 7 years, 3 months ago
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 is to be prepared only by a legally […]
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Thomas Sim PEA2066 wrote a new post, Tenancy Agreement Part 3 TPC – Practice Q4 7 years, 3 months ago
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 still in force as long as payment of […]
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Thomas Sim PEA2066 wrote a new post, Tenancy Agreement Part 2 TPC – Practice Q3 7 years, 3 months ago
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 the landlord was outstation. Te […]
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Thomas Sim PEA2066 wrote a new post, Lost tenancy agreement Part 1 TPC – Practice Q2 7 years, 3 months ago
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. It has been years (>3 years) […]
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Thomas Sim PEA2066 wrote a new post, Which to invest? TPC – Practice Q1 7 years, 3 months ago
Q.
Better invest in property, unit trust, stock market or saving account?
A.
They are vehicles of investment. It depends on your risk appetite as well as the quantum of money involved.
Commonly, most people […]
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Thomas Sim PEA2066 wrote a new post, Into Future TPC – General Q2 7 years, 3 months ago
Q.
Buying for future generation? What for?
A.
My UKM friend (Mike) has emphasized that he would not finance his children to expensive private university which is just not his style! Life is more than just […]
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Thomas Sim PEA2066 wrote a new post, Title Types and Conditions TPC – Law Q4 7 years, 3 months ago
Q.
Why landed is better than strata? Perpetuity vs Lease, which is better?
A.
Simple answer is Scarcity vs in Abundance. Live forever or limited lifespan? Nothing comes without price tag.
Sure, scarcity is […]
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Thomas Sim PEA2066 wrote a new post, Title and dealings TPC – Law Q3 7 years, 3 months ago
Q.
How does title to property affect its dealings?
A.
When a property is without title (under construction) or the title has not been issued from the land office, the developer is the party who shall make the […]
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Thomas Sim PEA2066 wrote a new post, No Gain No Loss deemed Market Value TPC – Law Q2 7 years, 3 months ago
Q.
What do you mean by “No gain No Loss”? And, “Disposal deemed at market value?”
A.
If you study taxation, you would have heard “No gain No loss”. For property which is given as gift from Grandparent […]
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Thomas Sim PEA2066 wrote a new post, Importance of Title TPC – Law Q1 7 years, 3 months ago
Q.
Why having title is better than no title? Why title is so important?
A.
A title is not that important most of the time. Most of us are staying in properties without a title. Most development would only hand […]
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Thomas Sim PEA2066 wrote a new post, Expatriate Clause – TPC Practice Q1 7 years, 3 months ago
Q.
What is “Expatriate” or “Diplomatic” Clause in a tenancy agreement? This was asked in 2017 Q1 in D11 Real Estate Agency Practice.
A.
The name can give us some clues. It has to be something about foreign […]
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Thomas Sim PEA2066 wrote a new post, Meeting Expectation – TPC General Q1 7 years, 3 months ago
Q.
Why are there so many brokers? Yet, the estate agency service never really meet the expectation?
A.
From the level of estate agency practice, it is matching the right purchaser to the right seller, the good […]
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Thomas Sim PEA2066 wrote a new post, Condominium vs Service Suite ANY DIFFERENCE? 7 years, 4 months ago
Q.
There market is packed with launches of various products. Is there any difference between a condominium and a service suite? Why cannot use only one name?A.
The two terms are used because of a major […]
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