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

Thomas Sim PEA2066 wrote a new post, Advertisements can or cannot 8 years, 4 months ago

Q.Johan is a newly licensed registered estate agent. There are three scenarios he has been approached by the Developer to participate below; the same developer to whom Johan had very much intended to secure his […]
Thomas Sim PEA2066 wrote a new post, Remembering the Standards and Rules 1 8 years, 4 months ago

Q.How to remember all that MEAS (Standards) and Rules in VAEA 1986?A.The 3-in-1 & 4-in-1 method.MEAS1. O = Office2. N = Negotiator3. T = Types of Appointment4. F = Fee5. T = Terms of Engagement6. A = […]
Thomas Sim PEA2066 wrote a new post, Acting for 2 parties 8 years, 4 months ago

Q.
Why acting for two parties is not allowed in Estate Agency?

A.
Rule 93 Acting for 2 parties.
(1) A REA shall not act for one party to a transaction if the other party to the same transaction is represented by […]
Thomas Sim PEA2066 wrote a new post, Consultation fee on top of commission 8 years, 4 months ago

Q.Can a firm of Estate Agency demand consultation fee on top of the commission for a transaction with its client? What are the regulation allowable for such action?A.Below refers to Valued, Appraisers and Estate […]
Thomas Sim PEA2066 wrote a new post, Contemplated Interest 8 years, 4 months ago

Q.In Rule 88, Personal Interest to be disclosed, there are direct and indirect interests. Para (2) of the Rule 88 mentioned also “contemplated interest” besides personal interest. What is “contemplated […]
Thomas Sim PEA2066 wrote a new post, Personal Interest to be disclosed 8 years, 4 months ago

Q.Johan is a negotiator who just joined a Realty Firm. He has the below questions:a) What is direct interest, and give example to illustrate this conflict.b) What is indirect interest, and give example to […]
Thomas Sim PEA2066 wrote a new post, Meaning of "harass" 8 years, 4 months ago

Q.
In the middle of a meeting, Johan was annoyed by a phone call on his house recently put up for sale.

“Is this the owner of No.123, Lorong XYZ at Taman ABC?”
“Who? I’m in a meeting”
“Sir, sir, hold on… How […]
Thomas Sim PEA2066 wrote a new post, Cases on Market Value 8 years, 5 months ago

Q.
Can you provide case law on determining “Market Value” in land acquisition?

A.
Salleh Buang has written a section on case laws in determining Market Value and some of the parts are extracted verbatim […]
Thomas Sim PEA2066 wrote a new post, Measure of Compensation in land acquisition 8 years, 5 months ago

Q.
How to measure the amount of compensation to be adequate in land acquisition?

A.
Article 13 of the Federal Constitution requires that “adequate compensation” must be paid for every land acquisition. What is […]
Thomas Sim PEA2066 wrote a new post, Torrens Charge vs Mortgage 8 years, 5 months ago

Q.
What are the differences between torrens charge and mortgage?

A.
See Compare and contrast lien and charge here 2012 Q3b.

The Torrens Charge is a creation of statute, ie National Land Code 1965 and its […]
Thomas Sim PEA2066 wrote a new post, How is share units determined? 8 years, 5 months ago

Q.How do you calculate share unit in a strata building?A.Share units are computed based on the area, usage, size and location of the accessory parcel using the prescribed formula under the First Schedule of SMA […]
Thomas Sim PEA2066 wrote a new post, How Share Unit is incorporated into Strata Building? 8 years, 5 months ago

Q.
How Share Unit is being incorporated to the Strata Parcels?

A.
Below is the extract from REHDA (Real Estate and Housing Developer’s Association of Malaysia) article on ‘Processes and SiFUS & Strata […]
Thomas Sim PEA2066 wrote a new post, Power of State Authority on State Land 8 years, 5 months ago

Q.
State Authority (Penguasa Negeri) is the highest authority on land matters in the State. What power does it have?

A.
(POWER TO GIVE LAND)
42. Powers of disposal.

(1) Subject to sub-section (2), the State […]
Thomas Sim PEA2066 wrote a new post, Differences between a lease, a license and an easement 8 years, 5 months ago

Q.Write down the differences between a lease, a license and an easement.A.A legal dispute may arise as to whether an arrangement between parties relating to rights to use land or premises amounts to a lease or is […]
Thomas Sim PEA2066 wrote a new post, Statutory termination of SPA 8 years, 5 months ago

Q.Purchaser of a housing project being caught in situation that the project is abundant for a long time, what can be done?A.This is about purchaser who falls victim to an abundant housing project. The avenue […]
Thomas Sim PEA2066 wrote a new post, Grounds to challenge land acquisition 8 years, 5 months ago

Q.What are the possible grounds to challenge land acquisition by Land Acquisition Act, 1960?A.Challenging the acquisition proceedings in a land acquisition is not uncommon. There were many successful […]
Thomas Sim PEA2066 wrote a new post, Exercising water cut, denying access or stopping lift operation when default in payment of fees? 8 years, 5 months ago

Q.
When MC gets recalcitrant defaulters for unpaid service charge, does Joint Management Body/Management Corporation has a legal right to undertake actions like exercising water cut, or denying access for parking […]
Thomas Sim PEA2066 wrote a new post, How to simplify the process of Land Acquisition? 8 years, 5 months ago

Q.
The whole thing about land acquisition seems messy and lengthy. Can you simplify it and make the process easily understood to a client whose land is under the process of being acquired by Land Acquisition Act, […]
Thomas Sim PEA2066 wrote a new post, Is silence an acceptance to a contract? 8 years, 5 months ago

Q.
Is silence an acceptance to a contract?

A.

The YouTube video above talks about the below question:

When is silence construed as acceptance of an offer?

Similar argument is been posted as

Being silent is […]
Thomas Sim PEA2066 wrote a new post, Bad Faith in Land Acquisition 8 years, 5 months ago

Q.
The law in Section 3 – Acquisition of Land provided by Land Acquisition Act, 1960 gives the State Authority to acquire any land which is needed for development. In the process of acquisition, there are 3 […]
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