Dec 2018
- 20181231 (Mon) Well, I am already a good investor. I do NOT need an agent. What say you?
- 20181229 (Sat) Can you get the agent to be on your side?
- 20181228 (Fri) Why doN’T these illegal agents become “Negotiators”?
- 20181227 (Thu) Broker, Negotiator vs Agency principal. Who is right, who is “Verified”? Part 3.
- 20181226 (Wed) Broker, Negotiator vs Agency principal. Who is right, who is “Verified”? Part 2.
- 20181225 (Tue – Xmas)
- 20181224 (Mon) Broker, Negotiator vs Agency principal. Who is right, who is “Verified”? Part 1.
- 20181222 (Sat) Why should I share with the agency when it is my hard earn “blood and sweat money”?
- 20181221 (Fri) When commission share out is 95%, is it worth to even start your agency? Part 1.
- 20181220 (Thu) A “complaint” personality. Part 2.
- 20181219 (Wed) A “complaint” personality. Part 1.
- 20181218 (Tue) The question of future – better to tell the negative side of the story? Why can’t there be one decision/policy which makes everyone happy? Part 3
- 20181217 (Mon) Negative better? Why can’t there be one decision/policy which makes everyone happy? Part 2
- 20181215 (Sat) The question of future – negative better? Why can’t there be one decision/policy which makes everyone happy? Part 1
- 20181214 (Fri) Can Lazada sell houses for MahSing? Part 2.
- 20181213 (Thu) Can Lazada sell houses for MahSing? Part 1.
- 20181212 (Wed) The question of 50 RENs. How are you going to manage your Team?
- 20181211 (Tue) Do you need to open an office when you operate an estate agency business?
- Since 26 Nov, I stopped posting daily short articles in FB. I was busy with the new website – justletakproperty.com. Today I resume posting above.
Nov 2018
- Holiday in Penang – JB
- 20181126 (Mon) About a week ago, I was writing about insurance agent vs estate agent. Now, with the background of the posting, we continue with this topic.
- 20181124 (Sat) The Electric Meter and Switch at the ground floor of my apartment is vandalised. Is it my responsibility to make good this device or is it the Electric Company?
- 20181123 (Fri) What if the purchaser is unable to complete payment of the 20% loan to the banks?
- 20181122 (Thu) When can P2P Crowd Funding really benefit the people? Part 2.
- 20181121 (Wed) When can P2P Crowd Funding really benefit the people? Part 1.
- 20181120 (Tue) Would P2P Crowd Funding turn into sub-prime crisis of the US? Part 2.
20181119 (Mon) Would P2P Crowd Funding turn into sub-prime crisis of the US? Part 1. - 20181117 (Sat) How easy is to run the Crowd Funding Company?
- 20181116 (Fri) Would stamp duty of 4% make property more expensive?
- 20181115 (Thu) What would happen to your house now that government is going to tax 5% beyond 5 years? Part 3.
- 20181114 (Wed) What would happen to your house now that government is going to tax 5% beyond 5 years? Part 2.
- 20181113 (Tue) What would happen to your house now that government is going to tax 5% beyond 5 years? Part 1.
- 20181112 (Mon) What would happen if suddenly you can own a home by just 20% of its price?
- 20181110 (Sat) Ricardo’s Rent Theory, what has changed?
- 20181109 (Fri) What property will be most affected when there is a downturn? Part 4.
- 20181108 (Thu) What property will be most affected when there is a downturn? Part 3.
- 20181107 (Wed) What property will be most affected when there is a downturn? Part 2.
- 20181106 (Tue) What property will be most affected when there is a downturn? Part 1.
- 20181105 (Mon) What is happening in China? Property bubble burst?
- 20181103 (Sat) When a property dealing can be transacted within 3 days, what would happen in a crash?
- 20181102 (Fri) What is the difference between an insurance agent and an estate agent? Part 2.
- 20181101 (Thu) What is the difference between an insurance agent and an estate agent? Part 1.
Oct 2018
- 20181031 (Wed) When property transaction is shortened to 3 days, can you do without the lawyer and estate agent?
- 20181030 (Tue) Do you as the proprietor of the land (owner of property) have absolute decision for its dealings?
- 20181029 (Mon) When the document is not stamped, can I revoke the agreement?
- 20181027 (Sat) I bought a property in a property expo 3 years ago. The agency firm which sold it to me said they are not involved anymore. But my property is now an abundant project and I have lost a lot of money. Last I heard was the developer is now insolvent. Part 2.
- 20181026 (Fri) I bought a property in a property expo 3 years ago. The agency firm (which sold it to me) said they are not involved anymore. But my property is now an abundant project and I have lost a lot of money. Last I heard the developer is now insolvent. Part 1.
- 20181025 (Thu) Is consulting (project sales) for developer legitimate? Part 3.
- 20181024 (Wed) Is consulting (project sales) for developer legitimate? Part 2.
- 20181023 (Tue) Is consulting (project sales) for developer legitimate? Part 1.
- 20181022 (Mon) When the property is a duo-key unit, can I sell one of the units to a third party?
- 20181020 (Sat) Can my tenant withhold payment of commission to me when I have helped him find a house?
- 20181019 (Fri) Can my landlord finds his own tenant and reject mine despite appointing me as agent? Part 2.
- 20181018 (Thu) Can my landlord find his own tenant and reject mine despite appointing me as an agent? Part 1
- 20181017 (Wed) Fake Amway water filter, fake property? Termination of an agency contract.
- 20181016 (Tue) Developer makes so much money – is this true? Part 3.
- 20181015 (Mon) Developer makes so much money… Is this true? Part 2.
- 20181013 (Sat) Developer makes so much money… Is this true? Part 1.
- 20181012 (Fri) Do you think Estate Agents will be out of job in the AI (Artificial Intelligence) era in the future? Part 2.
- 20181011 (Thu) Do you think Estate Agents will be out of job in the AI (Artificial Intelligence) era in the future? Part 1.
- 20181010 (Wed) Can you use Multi-level Marketing System to sell property? Part 2.
- 20181009 (Tue) Can you use Multi-level Marketing (MLM) System to sell property? Part 1.
- 20181008 (mon) What is a job and what is a career in Estate Agency?
- 20181006 (Sat) Is your number of listing going to attract more business or it is the other way round? Part 2.
- 20181005 (Fri) Is your number of listing going to attract more business or it is the other way round? Part 1.
- 20181004 (Thu) If my tenant got injured due to my property, am I liable for the injuries? Are landlords liable for injuries to tenants and visitors that occur inside or outside of a rented unit?
- 20181003 (Wed) My tenant told me he fell while climbing the stairs. His medical bills cost RM15,000 because he broke his shoulder and had to undergo a surgery with an implant. He is now claiming the cost of medical treatment due to the slippery stairs in the house. AM I LIABLE?
- 20181002 (Tue) What if my potential tenant/purchaser changed his mind with/without signing of contract? What would happen to the booking fee? And, commission? Part 3
- 20181001 (Mon) What if my potential tenant changed his mind? What would happen to the booking fee? And, commission? Part 2.
Sep 2018
- 20180929 (Sat) What if my potential tenant changed his mind? What would happen to the booking fee? And, commission? Part 1.
- 20180928 (Fri) Defect Liability Period, when does it start counting? Is the Freebie Air-con also included in the Defect Liability Period? Part 2.
- 20180927 (Thu) Defect Liability Period, when does it start counting? Is the Freebie Air-con also included in the Defect Liability Period? Part 1.
- 20180926 (Wed) When a potential tenant offers to rent and having paid his booking fee (earnest deposit) to the agent, how soon should the agent confirm the acceptance of the landlord?
- 20180925 (Tue) Can you continue to ask your agent to deal with the landlord? Despite that you have paid and signed the agreement – deal is sealed?
- 20180924 (Mon) Is the transaction still valid when my principal refuses to pay me commission/fee?
- 20180922 (Sat) Can I be a part-time REN?
- 20180921 (Fri) If the REN took the booking fee and went missing. How?
- 20180920 (Thu) Can a Third person (purchaser) deal with a REN instead of a REA? Can the principal reject the contract by saying that buyer did not deal with his REA but his REN who went missing?
- 20180919 (Wed) Is REN responsible to the principal (owner) or to his REA (agency)?
- 20180918 (Tue) I want to represent my developer friend to help sell his projects, can I get my NCC (Negotiator Certification Course) and then become his REN (Real Estate Negotiator)? Part 2.
- 20180917 (Public Holiday – Replcmt Msia Day)
- 20180915 (Sat) I want to represent my developer friend to help sell his projects, can I get my NCC (Negotiator Certification Course) and then become his REN (Real Estate Negotiator)? Part 1.
- 20180914 (Fri) Who should pay for the stamp duty on Tenancy Agreement? Tenant or Landlord?
- 20180913 (Thu) If one day you found out that your landlord is NOT the actual owner of the house, what could happen to you? Part 3.
- 20180912 (Wed) If one day you found out that your landlord is NOT the actual owner of the house, what could happen to you? Part 2.
- 20180911-10 (Tue & Mon – Holiday)
- 20180908 (Sat) If one day you found out that your landlord is NOT the actual owner of the house, what would happen to you? Part 1.
- 20180907 (Fri) A property expiry in leasehold terms, would bank still give loan facilities?
- 20180906 (Thu) When you have an appointment to sell a property which leasehold title expires in 20 years, what should you do?
- 20180905 (Wed) When an agent response to your advertisement and said that there is a ready tenant or buyer, do you need to pay him commission?
- 20180904 (Tue) I heard it is rampant that people undercut each other in real estate industry? How true is it?
- 20180903 (Mon) When a pretending buyer wants to sign the SPA directly without booking fee, adakah udang sebalik batu?
- 20180901 (Sat) When other don’t follow the law in estate agency practice, what can you do?
Aug 2018
- 20180830 (Thu) When you negotiate with the buyer, can you increase the price?
- 20180829 (Wed) What can you do when you are accused of inflating the price by the buyer?
- 20180828 (Tue) What if the buyer complain to the board that you simply inflate the price? Part 2
- 20180827 (Mon) What if the buyer complain to the board that you simply inflate the price? Part 1
- 20180825 (Sat) What if my vendor said “I don’t care, I sell without paying for stamp duty or legal fee!”
- 20180824 (Fri) Having survived 6 months and gotten your PEA number, what say you about this job?
- 20180823 (Thu) There is this “So, you are so great? I don’t give a damn!” among the estate agency practitioners.
- 20180822 (Wed – Hari Raya Korban)
- 20180821 (Tue) When the market does not follow the law, what can you do?
- 20180820 (Mon) But, the value calculated (YP) is way less the asking price! How can it be?
- 20180818 (Sat) How can you determine the market value of a property?
- 20180817 (Fri) The Range of Comparisons: Property Investment vs Financial Investment
- 20180816 (Thu) In investment of property with aggressive rental yield coupled with capital value appreciation, how do you estimate that?
- 20180815 (Wed) In investment of property with rental yield coupled with capital appreciation, there is cost of maintaining the property! How do you estimate that?
- 20180814 (Tue) If the property you bought can be rented out RM1,000 per month as an empty unit. How much return in total would you get in 20 years if it is rented all the time?
- 20180813 (Mon) If we adjust the return from Mutual Fund to be 15%, what would be the return be?
- 20180811 (Sat) Taking the average annualized return in Equity Market (7.16%), how would property fare compared to equity (mutual fund)?
- 20180810 (Fri) Putting same amount of money into saving for 20 years versus repayment of housing loan.
- 20180809 (Thu) If I were to compare investing in a property and putting money in a bank, what would be the likely outcome?
- 20180808 (Wed) When I calculated the interest portion paid to bank for my mortgage, I do NOT think investing in property is giving good return!
- 20180807 (Tue) What are the laws which govern tenancy dispute in Malaysia?
- 20180806 (Mon) Is it better to sell my house when it is rent? Or when it is vacant?
- 20180804 (Sat) How to calculate the share unit of a penthouse which occupies the entire floor on top of a condo?
- 20180803 (Fri) What is said in STA and SMA on Share Unit?
- 20180802 (Thu) Is it fair that those with more car parks should pay more service charges?
- 20180801 (Wed) Is your car park calculated in your payment of service charge?
Jul 2018
- 20180731 (Tue) How should service charges (maintenance fee) be calculated for a strata building? Does it include your car park?
- 20180730 (Mon) I heard from one of my negotiator friend… he said the rea license is not as “valuable” as we think.. how true is it actually?
- 20180728 (Sat) Why is the law making it difficult for my friend to help me sell my house?
- 20180727 (Fri) When you deal with a “XYZ Consultancy” in a property transaction, is it the same as “XYZ Real Estate E(8)9876” (number is just for illustration)?
- 20180726 (Thu) What is the difference between a REA and a REN? I see my friend operating a Sales Consultancy company doing real estate business, but he isn’t a REN or REA! Part 3 of 3.
- 20180725 (Wed) What is the difference between a REA and a REN? I see my friend operating a Sales Consultancy company doing real estate business, but he isn’t a REN or REA! Part 2 of 3.
- 20180724 (Tue) What is the difference between a REA and a REN? I see my friend operating a Sales Consultancy company doing real estate business, but he isn’t a REN or REA! Part 1 of 3.
- 20189723 (Mon – Replacement Swk Independence Day)
- 20180721 (Sat) What are the required information in a banner?
- 20180720 (Fri) Can you as landlord, stop water and electricity to your own house rented to tenant not paying rental?
- 20180719 (Thu) Can you as landlord, lock up your own house with tenant inside who did NOT pay rental and refused to vacate?
- 20180718 (Wed) Can you ask your agent to beat up your tenant?
- 20180717 (Tue) When your agent caused harm to the tenant, is it your fault?
- 20180716 (Mon) He who pretends to be the owner, took my booking fee but not selling the house. What’s next?
- 20180714 (Sat) In what circumstances ratification cannot be done?
- 20180713 (Fri) What is agency agreement? What is ratification?
- 20180712 (Thu) What is the correct behaviour of a professional agent in dealing with prospects?
- 20180711 (Wed) When do you start paying the principal portion of your housing loan?
- 20180710 (Tue) When should I pay my GST/SST on commission?
- 20180709 (Mon) Should you decide what to say? Or your boss decides for you?
- 20180707 (Sat) Agency vs marriage vs employment. What are the differences?
- 20180706 (Fri) Now, my brother wants me to also pay for his maintenance cost of 4 cars. How?
- 20180705 (Thu) I got a loan from the bank for RM287,000. I have cash in my saving of RM37,000. Should I just tell the bank to please loan me RM250,000 instead?
- 20180704 (Wed) It does not matter if you are experienced or a newbie. What have you to say?
- 20180703 (Tue) What if I am accused of stealing electricity by tampering with the electric meter?
- 20180702 (Mon) What would you do when you are taken as “Me Too”?
Jun 2018
- 20180630 (Sat) Does size matter?
- 20180629 (Fri) What happen to the sale if I fire my agent? Part 3 of 3.
- 20180628 (Thu) What happen to the deal when I fire my agent? Part 2 of 3.
- 20180627 (Wed) Can you change your estate agent in the mid of a deal negotiation? Part 1 of 3.
- 20180726 (Tue) Can an agent represent the purchaser at the same time representing the seller/vendor?
- 20180625 (Mon) Can you appoint an estate agent to source for your property?
- 20180623 (Sat) What is Deed of Assignment? I get confused with Deed of Mutual Covenant. Are they the same?
- 20180622 (Fri) Occupation Permit (OP) and its significance.
- 20180621 (Thu) Can you sign the Sale & Purchase Agreement (SPA) without completing the 10% down payment?
- 20180620 (Wed) In case of wrong decision in making a booking. You placed RM5k for a property. However, you regretted afterwards. Can you ask a Negotiator friend to help you find a substitute?
- 20180619 (Tue) What is the BNM approach in improving the rental market?
- 20180618 (Mon) What are the approaches to tackle affordable housing?
- 20180615-16 Hari Raya
- 20180614 (Thu) What is “Low Cost Housing”?
- 20180613 (Wed) What is “affordable housing?”
- 20180612 (Tue) What is “encumbrances”?
- 20180611 (Mon) What about the 2.5% progress payment for issuance of title? Do I have to pay as purchaser of subsale Condo?
- 20180609 (Sat) Then, what is Mixed Zone? What is ‘Forest Reserve’? Classification vs Category?
- 20180608 (Fri) How is land use and categorized in West Malaysia and Sarawak? How is land premium calculated during alienation?
- 20180607 (Thu) Calculated based on Market Value or consideration paid, whichever is the higher. What does it mean? Part 2.
- 20180606 (Wed) Calculated based on Market Value or consideration paid, whichever is the higher. What does it mean? Part 1.
- 20180605 (Tue) When is valuation required for property?
- 20180604 (Mon) What is “loan rejection letter” and how does it affect you?
- 201806001-02 Gawai
May 2018
- 20180531 (Thu) What is allowable loss in RPGT?
- 20180530 (Wed) What is co-agency? How to avoid being cut-off?
- 20180529 (Tue – Wesak)
- 20180528 (Mon) The sequence of events to a rental agreement.
- 20180526 (Sat) The Landlord and tenant signed the tenancy contract, however tenant has not paid the security deposit. Is the contract valid?
- 20180525 (Fri) Money or signature, which is more important in a contract?
- 20180524 (Thu) What is a contingent contract? Is that “time is an essence” a contingent contract?
- 20180523 (Wed) What if the redemption sum is larger than the 30% of the transaction amount?
- 20180522 (Tue) 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?
- 20180521 (Mon) What is the difference between before and after signing SPA? What is 10% upon signing SPA?
- 20180519 (Sat) Time is an essence – Part 3. When time is not essential, can you claim damage?
- 20180518 (Fri) Time is an essence – Part 2. When time is not essential. What happen next?
- 20180517 (Thu) Time is an essence – Part 1. What does it mean?
- 20180516 (Wed) Should you give your IC and land title if prospect does not put deposit (booking fee)?
- 20180515 (Tue) What if I did not get the loan but I have already booked the property? (Paid earnest deposit)
- 20180514 (Mon) After you have put your booking fee, what happens next (Vendor-Purchaser – subsale)?
- 20180512 (Sat) What do you mean by agent being left out if direct SPA signing?
- 20180509 – 11 (Election Day and Special Holidays)
- 20180508 (Tue) If the buyer straight away go to sign SPA without booking fee, what happen?
- 20180507 (Mon) Can you directly proceed to SPA without going to an agent?
- 20180505 (Sat) Can I get back my booking fee (earnest money)?
- 20180504 (Fri) What is “service suite” if compared to “condominium”?
- 20180503 (Thu) What is conditional contract? When does it become unconditional?
- 20180502 (Wed) Criminal issues in tenancy.
- 20180501 (Tue – Labour Day – rest)
April 2018
- 20180430 (Mon) What if the tenancy agreement is in the future date?
- 20180428 (Sat) Today’s post is on Land Conversion or AVTC (Application for Variable Title Condition). What is AVTC?
- 20180427 (Fri) Can I buy property using my business name?
- 20180426 (Thu) Commercial Property Loan?
- 20180425 (Wed) How do you best benefit from housing loans?
- 20180424 (Tue) How much is the ancillary cost of buying a property (subsale)?
- 20180423 (Mon) What happen to offer when you negotiate? The original offer still stays?
- 20180421 (Sat) Can you refuse to sell? Or Rent?
- 20180420 (Fri) Why do you need client’s account in agency practice?
- 20180419 (Thu) Client’s account. What is it?
- 20180418 (Wed) In advising a landlord while acting as his property manager, can he charge a commission for securing a tenant to this landlord?
- 20180417 (Tue) In a residential tenancy agreement, can I ask my agent to prepare the agreement instead of going to the lawyer?
- 20180416 (Mon) Can an agent prepare tenancy agreement for his clients?
- 20180414 (Sat) Is Stamping an important process in a Tenancy Agreement?
- 20180413 (Fri) Is Stamping an important process in a Tenancy Agreement?
- 20180412 (Thu) Lost your tenancy agreement?
- 20180411 (Wed) Put my money in property, unit trust, stock market or saving account?
- 20180410 (Tue) Buying for future generation? What for?
- 20180409 (Mon) Why landed is better than strata? Perpetuity vs Lease, which is better?
- 20180407 (Sat) I attended kursus at MIEA Sarawak Branch – PEA Course – Title vs no Title
- 20180406 (Fri) Why having title is better than no title? Why title is so important?
- 20180405 (Thu) Why property in Sarawak is so expensive despite Sarawak being biggest land area?
- 20180404 (Wed) What do you mean by “No gain No Loss”? And, “Disposal deemed at market value?”
- 20180403 (Tue) What is “Expatriate” or “Diplomatic” Clause in a tenancy agreement?
- 20180402 (Mon) Why are there so many brokers? So many RENs? Yet, the service never really make to the expectation?
March 2018
- 20180331 (Sat) Launching of NOVA72 for NorthBank by Ibraco.
- 20180330 (Fri) Why is estate agency a FULL time profession?
- 20180329 (Thu) in Real Estate. There are two parts to this. What are they?
- 20180328 (Wed) Little known fact about GST in Estate Agency Practice. GST on professional fee?
- 20180327 (Tue) Yesterday, we discussed about illegal broker vs registered agents. Today, we just analyze the reasons why these illegal brokers do not want to be registered?
- 20180326 (Mon) Illegal Broker vs Registered Agent has always been the issue of dispute. Many have the opinion that as long as there is trust, they are the same. Are they?
- 20180324 (Sat) Why is a Registered Estate Agent ever be needed in the first place?
- 20180323 (Fri) Allowing foreigner to be Registered Estate Agent (REA) in Malaysia is done by removing S.22D(5) of the old VAEA Act, 1981 in the VAEA (Amendment) Act, 2017, now called VAEP Act.
- 20180322 (Thu) Yesterday we discussed about the overlapping areas of PM and EA (in a shopping mall). Today, let us see what could happen in the most likely manner.
- 20180321 (Wed) The question I want to ask is “advising on sale, purchase or letting decisions” by PM is also part of the job of EA. Similarly, Estate Agency Practice definition included “in making know of” which is “making someone aware of”. Isn’t that “advising” as used in Property Management Practice?
- 20180320 (Tue) The Amended VAEP 1981 has a totally new Part VB for Property Managers (PM). Who is a Property Manager (PM)?
- 20180319 (Mon) – Amendments to VAEP Act, 1981 end of 2017, what?