Activity – Thomas Sim PEA2066 – Estate Agent's Examination Part 1&2

Thomas Sim PEA2066 wrote a new post, Having breached Option Contract to Purchase 7 years, 5 months ago

Q.

What happens when the option contract to purchase is breached by the seller?

In the case of Johnny and Betty, Johnny has agreed Betty to an option to purchase his condo with the terms and time stated in the […]
Thomas Sim PEA2066 wrote a new post, Real Estate and GST 7 years, 6 months ago

Q.
How is GST imposed on properties, especially Commercial Property in Malaysia?

A.
There are two parts to this.

One is the GST on the service.
Another is the GST on the Goods Sold.

One is service and the […]
Thomas Sim PEA2066 wrote a new post, Real Estate Agency Service and GST 7 years, 6 months ago

Q.
Why do I have to pay for GST to the Agency which I appointed to sell/rent my house?

A.
Little known fact about GST in Estate Agency Practice. Some people try to save on commission when dealing with agents and […]
Thomas Sim PEA2066 wrote a new post, New VAEP Act for Property Managers 7 years, 6 months ago

Q.

What is new about the VAEP Act 1981 on Property Management?

A.

Some areas of changes have been made to estate agency practice. Please see my earlier post here for VAEP Act amended 2017.

There is a totally […]
Thomas Sim PEA2066 wrote a new post, VAEP ACT Amended 2017 that affected EAP 7 years, 6 months ago

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 in the amended […]
Thomas Sim PEA2066 wrote a new post, Developments of Housing Market and Implications on Financial Stability 7 years, 6 months ago

Extract from Bank Negara Malaysia at
Thomas Sim PEA2066 wrote a new post, Views on property cooling measures 7 years, 10 months ago

Views on property cooling measures
Posted on 14 March 2017 – 10:07am
Last updated on 15 March 2017 – 01:15pm

VARIOUS cooling measures introduced by the Malaysian government and Bank Negara Malaysia (BNM) to help […]
Thomas Sim PEA2066 wrote a new post, Premium payable for lease extension 7 years, 11 months ago

Q.
How to calculate the premium on renewal of lease?

A.
There are two types of premium on lease.

Premium on conversion of category of land use during alienation or at a later date.
Premium on extension of […]
Thomas Sim PEA2066 wrote a new post, How to get rid of your tenant? 7 years, 11 months ago

Q. (Also posted in justLetak!)
How to get rid of my errant tenant who owes me 10 months rental?

A.

FOR COMPLETE READING ON TENANCY MATTERS, read the slides of Mr Lee Siew Seng “Issues of tenancy matters in […]
Thomas Sim PEA2066 wrote a new post, Business Card 7 years, 11 months ago

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 contain the registered valuer’s, […]
Thomas Sim PEA2066 wrote a new post, Earn good money with EA licence? 7 years, 11 months ago

Q. (Also posted in justLetak!)Can we really earn money (from your point of view) by taking up the course in near future and its prospects since it takes 4 years of work to make it done. Thanks!How would you answer […]
Thomas Sim PEA2066 wrote a new post, Cheating 7 years, 11 months ago

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 Penal Code and VAEA Act 1981.

Penal […]
Thomas Sim PEA2066 wrote a new post, "Slip & Fall" Tort Claim 7 years, 11 months ago

Q.What is “Slip & Fall” tort claim? Can all slip & fall be claimable?A.Read article by The Star Malaysia on 14 Dec 2010, written by Bhag Singh, verbatim below.Watch your stepAny right arising from an injury […]
Thomas Sim PEA2066 wrote a new post, Timber vs Concrete vs Steel 7 years, 12 months ago

Q.
Give a summary of the comparison of Timber, Concrete and Steel as construction material.

A.
ADVANTAGES AND DISADVANTAGES OF STEEL AS A STRUCTURAL DESIGN MATERIAL

The following advantages in general may be […]
Thomas Sim PEA2066 wrote a new post, Barriers to implementing CRM 8 years ago

Q. (Also posted in justLetak!)
List out the barriers in implementing Customer Relationship Management (CRM).

A.
Firstly, CRM stands for Customer Relationship Management, not Customer Relationship […]
Thomas Sim PEA2066 wrote a new post, Marketing mix – How many "P"s? 8 years ago

Q.Marketing mix – How many “P”s?A.Traditionally, there are 4 Ps. However, marketing gurus have come out with extended Ps. These Ps can be sprint off from the existing Ps, over entirely new Ps.See below extract […]
Thomas Sim PEA2066 wrote a new post, Advance Duty 8 years ago

Q.
There is initial duty and additional duty. What is ‘advance duty’?

A.
The issue of initial duty and additional duty came about because private valuer come out with different value for the immovable property […]
Thomas Sim PEA2066 wrote a new post, Stamp Duty in Malaysia – A quick look 8 years ago

Q.Can you provide a simple summary of stamp duty chargeable in Malaysia?A.In Malaysia, Stamp duty is a tax levied on a variety of written instruments specifies in the First Schedule of Stamp Duty Act 1949. In […]
Thomas Sim PEA2066 wrote a new post, What is 'serious irregularity' under SMA? 8 years ago

Q.S.121 of Strata Management Act 2013 in its subsection (1) mentions that a party to the proceedings of the Tribunal may, upon notice to the other party and to the Tribunal, apply to the High Court challenging an […]
Thomas Sim PEA2066 wrote a new post, Right of support from the adjoining land Q1 8 years, 1 month ago

Q.
Section 44(1)(b) of National Land Code 1965 provides that a landowner is entitled in certain circumstances to have the land supported by neighbouring land as well as the right not to have that support […]
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