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Thomas Sim PEA2066 wrote a new post, Self siphonage, Manhole & Septic Tank Q7 7 years ago
Q.
Explain the following:i. Self siphonage
ii. Manhole
iii. Septic Tank
(25 marks, 2018 Q7)
A.
Similar question was asked in
2016 Q5
2017 Q7
Manhole, diversion manhole, what is it?Ref:
Earlier posts. -
Thomas Sim PEA2066 wrote a new post, Flyer and Foreign Agency Appointment Q1 7 years ago
Q.
a) Define what is flyer and explain the contents of flyer. (10 marks)b) Where a foreign estate agent engages the services of a local agent to jointly market or sell foreign properties in Malaysia, explain the […]
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Thomas Sim PEA2066 wrote a new post, Path to become REA Q2 7 years ago
Q.
Raja who has an SPM qualification works as a negotiator for an estate agency firm. He is interested to become a registered estate agent. With reference to the Valuers, Appraisers, Estate Agents and Property […] -
Thomas Sim PEA2066 wrote a new post, Type of Agency Engagement & Client's Account Q3 7 years ago
Q.
a) List and describe three (3) types of agency engagement. (15 marks)b) In accordance with the Standard, an estate agent should open a Client’s Account when he receives client’s money. Explain the regulatory […]
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Thomas Sim PEA2066 wrote a new post, VAEP Act 1981 and EA Offences & Removal Q4 7 years ago
Q.
a) An estate agent who commits an offence under the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 may be subjected to disciplinary action.List five (5) offences that may be subjected to […]
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Thomas Sim PEA2066 wrote a new post, Earnest Deposit & Abortive SPA & Grace Period Q5 7 years ago
Q.
a) Explain the purpose of paying earnest deposit in the sale of a property transaction. (5 marks)b) In the event of an abortive sale occurring after the signing of the Sale and Purchase Agreement, explain the […]
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Thomas Sim PEA2066 wrote a new post, Professional Experience & CPD Q6 7 years ago
Q.
a) Probationary estate agents should undergo professional training. Describe the three (3) areas of approved professional experience to enable them to sit for the Test of Professional Competence. (15 marks)b) […]
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Thomas Sim PEA2066 wrote a new post, Estate Agency Laws & Offences Q7 7 years ago
Q.
Gemilang Sdn Bhd have two registered estate agents and employed 65 negotiators. Gemilang Sdn Bhd have remunerated them with 80% commission without salary but at the same time charges the negotiator RM300 each […]
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Thomas Sim PEA2066 wrote a new post, Buying a tenanted house TPC – Practice Q25 7 years, 1 month ago
Q.
How is it different between buying a tenanted house compared to an empty house?
A.
When a property is bought with tenant, it can be:’
Vacant possession – that is when the tenant moves out only the house […]
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Thomas Sim PEA2066 wrote a new post, Can you not pay RENT? TPC – Law Q14 7 years, 1 month ago
Can you not pay RENT?
Your toilet is having problem. It cannot function properly. You have asked help from the Landlord, however you were never entertained. The result was that it was never repaired. You suffered […]
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Thomas Sim PEA2066 wrote a new post, Allowable loss in RPGT TPC – General Q6 7 years, 1 month ago
What is allowable loss in RPGT?
When a property is sold, real property gains tax is a taxation on the gains for the transaction. On the other hand, if a property is sold with a loss, this loss is allowable […]
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Thomas Sim PEA2066 wrote a new post, What is co-agency? TPC – Practice Q24 7 years, 1 month ago
What is co-agency? How to avoid being cut-off?
Co-agency as in Standard 7 of MEAS 2014 has the below definition.
7.1.1 Co-agency is co-operative agreement between a listing agency firm and a co-agency firm who […]
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Thomas Sim PEA2066 wrote a new post, Sequence of event to tenancy agreement TPC – Practice Q23 7 years, 1 month ago
The sequence of events to a rental agreement.
The landlord advertise to the public for potential tenants. This is invitation to treat.
Prospect tenants are selected. The agent receives inquiries and negotiate […]
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Thomas Sim PEA2066 wrote a new post, Signed but did not pay deposit TPC – Law Q13 7 years, 1 month ago
The Landlord and tenant signed the tenancy contract, however tenant has not paid the security deposit. Is the contract valid?
In most cases, the landlord is a busy person. When the tenant confirms taking the […]
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Thomas Sim PEA2066 wrote a new post, Money vs signature TPC – Law Q12 7 years, 1 month ago
Money or signature, which is more important in a contract?
In a normal sequence of events, a booking fee is paid upon an offer to the landlord or vendor. When the agent (who communicate with his principal) […]
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Thomas Sim PEA2066 wrote a new post, Contingent contract TPC – Law Q11 7 years, 1 month ago
What is a contingent contract? Is that “time is an essence” a contingent contract?
In case where the tenant says he will only RENT the premises after the landlord has clear the junk – is clearing of the junks con […]
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Thomas Sim PEA2066 wrote a new post, Redemption sum larger than transacted amount TPC – Practice Q22 7 years, 1 month ago
What if the redemption sum is larger than the 30% of the transaction amount?
Take for example, you bought a property from John at RM500,000. Your loan is 70%, ie RM350,000. And you need to pay cash 30% – […]
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Thomas Sim PEA2066 wrote a new post, Post SPA Stage – Part 2 of 2 TPC – Practice Q21 7 years, 1 month ago
Why is the first 10% payable to seller upon signing of SPA, and the 20% (if loan at 70%) not payable but held in client’s account of the lawyer later on?
Let us go back to contract procedure first. If you could […]
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Thomas Sim PEA2066 wrote a new post, Post SPA Stage – Part 1 of 2 TPC – Practice Q20 7 years, 1 month ago
What is the difference between before and after signing SPA? What is 10% upon signing SPA?
The 10% upon signing of SPA is a condition for the contract. In other words, it is contingent to the contract. See S.32 […]
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Thomas Sim PEA2066 wrote a new post, Time is an essence Part 3 of 3 TPC – Law Q10 7 years, 1 month ago
Time is an essence – Part 3. When time is not essential, can you claim damage?
Take an example, you have a basket of fruits in a pasar malam on sale. A customer came and booked for it. He gave you a deposit of […]
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