Project Sales Mastery Quiz 1

Q1: What does APDL stand for?

• A. Advertising Permit & Developer License

• B. Agent Property Deal Listing

• C. Annual Property Development Law

• D. Approval for Property Development

Q2: What is the purpose of the SPA?

• A. A brochure of the project

• B. A form to apply for a loan

• C. It is a legal agreement between buyer and seller

• D. A building approval document

Q3: VP stands for what in real estate?

• A. Vacant Possession

• B. Verified Payment

• C. Vice President

• D. Valuation Process

Q4: What happens during VP (Vacant Possession)?

• A. Title is transferred

• B. Loan is approved

• C. SPA is signed

• D. Buyer receives the keys to the completed unit

Q5: What does MRTA stand for?

• A. Monthly Rent-to-Asset

• B. Mortgage Reducing Term Assurance

• C. Malaysian Real Title Act

• D. Mortgage Return Transfer Agreement

Q6: A Strata Title is commonly used for...?

• A. Agricultural land

• B. Bungalows

• C. Factories

• D. Condominiums or apartments with shared facilities

Q7: What does a Title Search reveal?

• A. Interior layout

• B. Ownership & restrictions on the property

• C. Number of rooms

• D. Rental yield

Q8: What is the purpose of a valuation report?

• A. To estimate the fair market value of a property

• B. To issue a tenancy agreement

• C. To calculate commission

• D. To apply for a SPA

Q9: A Dual-Key Unit is...?

• A. A hotel-style rental

• B. A unit with 2 keys but 1 room

• C. A property with 2 separate entrances in one title

• D. A subsale unit with 2 agents

Q10: What is a rebate in project sales?

• A. A discount offered by the developer

• B. A loan package

• C. Agent commission

• D. A legal fee