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Thomas Sim PEA2066 wrote a new post, Indefeasibility of title is guaranteed? 8 years, 2 months ago
Q.
What does it say indefeasibility of land title is guaranteed by the State?A.
From Duhaime’s Law Dictionary, “indefeasible” definition is:
A right or title in property that cannot be made void, defeated or […]
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Thomas Sim PEA2066 wrote a new post, Strata Titles Board vs Strata Management Tribunal 8 years, 2 months ago
Q.Is there a Strata Titles Broad or Strata Management Tribunal? Which is correct?A.Strata Management Tribunal is the correct one. Strata Titles Board was established in the amended Strata Titles Act, 2007 […]
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Thomas Sim PEA2066 wrote a new post, Land is a State Matter 8 years, 2 months ago
Q.Where is it stated that Land is a State Matter?A.The highest authority in the land is The Federal Constitution.Article 74 (Clause 2) and 76 (Clause 4) of The Federal Constitution specifically list out the […]
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Thomas Sim PEA2066 wrote a new post, Valuation mathematics 8 years, 2 months ago
Q.
It has been really confusing with so much calculation on interests, capitalization, saving required, PV and years’ purchase. Can you provide a summary?A.
A good blog on summary is provide below:Valuation […]
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Thomas Sim PEA2066 wrote a new post, Horizontal members of support 8 years, 3 months ago
Q.Explain the following building terms with diagram when necessary.JoistsStringersHeadersPurlinsRaftersGirtsLintelsGirdersSpandrelsTrussesA.In most buildings, the superstructure systems consists of floor and roof […]
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Thomas Sim PEA2066 wrote a new post, Basics of Torrens System 8 years, 3 months ago
Q.
What is the basic concept of Torrens System?Explain what are Mirror and Curtain principles. List out the main characteristics of Torrens System. How does it differ from the old system – Deed System and what […]
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Thomas Sim PEA2066 wrote a new post, Squatting in the hope of title? 8 years, 3 months ago
Q.
Is there a chance that I squat for 50 years in this land and it will be mine?A.
The question is simple. Can you just occupy a space in the wild and claim that it is yours?After all, nobody has been there […]
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Thomas Sim PEA2066 wrote a new post, Recovery of commission fee reward unlicensed broker 8 years, 3 months ago
Q.Josephine is the daughter of Auntie Wong who has co-broked a bungalow house costing RM1 mio. She asks you as a REA whether her mother’s share of commission amounting to half of the total commission (1% of agreed […]
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Thomas Sim PEA2066 wrote a new post, Impersonating an agent 8 years, 3 months ago
Q.Where on earth does it say impersonating an agent is wrong? Ah Beng was arguing with Johnny after failing to solicit for his house for sale.”I was just trying to help you sell your house! For God’s sake! For a […]
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Thomas Sim PEA2066 wrote a new post, Removal from register 8 years, 3 months ago
Q.
Under what circumstances would a REA be removed from the Register of REA and Register of Firm?A.
Section 25 of Valuers, Appraisers and Estate Agents Act, 1981 spells out the various situations where a REA can […] -
Thomas Sim PEA2066 wrote a new post, Lease your REA License? 8 years, 3 months ago
Q.Many a time, people ask me:”When I get my REA License, can I rent it out to someone to run an agency firm?”And, “How much I can get when I lease my REA license?”A. (Also posted at justLetak!)There are two […]
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Thomas Sim PEA2066 wrote a new post, Difference between S.24 and S.30 8 years, 3 months ago
Q.
In VAEA Act, 1981, what are the sections and subsections that regulate disciplinary actions against REA? What are the differences among these sections.A.
Section 24 and section 30 are the two major sections […] -
Thomas Sim PEA2066 wrote a new post, Liability for offences by firm 8 years, 3 months ago
Q.When 3 REAs and 1 Valuer came together to set up a firm, they hold 25% of shares each in this Sdn Bhd.One day, one of the REA is found guilty of cheating a client a huge sum of money – RM1mio and having slapped […]
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Thomas Sim PEA2066 wrote a new post, Cancellation of registration of Firm 8 years, 3 months ago
Q.
Under what conditions that the Board can cancel the registration of a Firm?A.
Section 23 Practice by firms.(4A) Notwithstanding subsection (2) or (4), the Board shall cancel the registration of a firm if […]
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Thomas Sim PEA2066 wrote a new post, Dead, removed or suspended REA 8 years, 3 months ago
Q.
What happen to me as a client when my REA is dead or being removed from the register or suspended by the Board?A.
Section 23 Practice by firms – has subsections on ‘dead’, ‘removal’ or ‘suspension’ of […] -
Thomas Sim PEA2066 wrote a new post, Practice by Firms 8 years, 3 months ago
Q.Ajunan recently passed his TPC. He is now a registered estate agent in Part III, Item A of the Fourth Schedule, which is the Register of Estate Agents. Can he start his practice straight away?A.The straight […]
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Thomas Sim PEA2066 wrote a new post, RM300,000 Fine and Imprisonment max 3 years 8 years, 3 months ago
Q.
“Where on earth does it say I can be charged for the offence of being a unlicensed broker?” Ah Beng told to Johnny who is annoyed by the way Ah Beng is soliciting to sell Johnny’s house.A. (Also posted in […]
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Thomas Sim PEA2066 wrote a new post, Key Sections of VAEA Act 1981 8 years, 3 months ago
Q.There are so many sections under VAEA Act, 1981. Can you tell me which sections are important?A.S.14 RegistersS.15A Application for authority to practise.S.16 Authority to practiseS.22A Registration of estate […]
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Thomas Sim PEA2066 wrote a new post, Function of the Board of LPPEH 8 years, 3 months ago
Q.What are the functions and responsibilities of Board of Valuers, Appraisers and Estate Agents?A.Functions of the Board10. The functions of the Board shall be—(a) to keep and maintain a Register of Valuers, A […]
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Thomas Sim PEA2066 wrote a new post, What is Property Management? 8 years, 3 months ago
Q.
What is “Property Management”?A.
Section 2 Interpretation of Valuers, Appraisers and Estate Agents Act, 1981 spells out what it means:“property management” means the management and control of any land, bui […]
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