Real Estate Agency and Marketing Practice Quiz

What is the typical deposit amount paid by a purchaser in Malaysia?

• 15% of the purchase price

• 10% of the purchase price

• 5% of the purchase price

• 20% of the purchase price

What is the main legislation governing the sale and purchase of real estate in Malaysia?

• Contracts Act 1950

• National Land Code, 1965

• Stamp Act 1949

• Real Property Gains Tax Act 1976

Which act governs the sale and purchase of property under construction from a developer?

• Strata Titles (Amendment) Act 2013

• Contracts Act 1950

• National Land Code, 1965

• Housing Development (Control and Licensing) Act, 1966

What is the purpose of lodging a private caveat?

• To pay the stamp duty

• To register the property

• To protect the purchaser's interest

• To finalize the sale

Sale and Purchase Agreement is in ________ stage

• Introduction stage

• Post-contract stage

• Contract stage

• Registration stage

What is a key responsibility of the solicitor during the contract stage?

• Prepare the property for sale

• Conduct title search

• Negotiate the price

• Market the property

What is the primary objective of a tenancy agreement?

• To transfer ownership

• To outline rental terms

• To secure a loan

• To sell the property

What is the maximum term for a tenancy in Malaysia?

• 1 year

• 5 years

• 3 years

• 2 years

Which of the following is NOT a cause for rescission of a contract?

• Pay the deposit

• Undue influence

• Misrepresentation of facts

• Breach of contract

What is the purpose of a booking fee in real estate?

• To guarantee the purchase

• To pay for renovations

• To secure a loan

• To cover legal fees