Font size
WorksheetsProperty Values Quizz 1
Total questions: 30
Worksheet time: 21mins
Implement ‘Build-Then-Sell’ System to Protect House Buyers
YES
NO
How Can Property Agents Thrive In COVID-19?
embrace this new normal and think of innovative ways to leverage digital tools to continue engaging with customers.
upload videos for virtual viewings
creating a positive experience and strong relationship with customers opens an avenue for prospective referral market.
agents should focus on Geographical Target Area (GTA) with high market demand and build a strong branding in those spaces.
Reasons to Invest in Residential Real Estate
An Enduring And Elite Address
Where Prestige And Convenience Converge
Cost is basically.............
the aggregate monetary value of the inputs used in the production of the goods or delivery of services
Cost is the amount incurred in producing and maintaining the product.
Cost is the amount paid for acquiring any product or service.
Cost is ascertained from the consumer's perspective.
Definition of Price...............................
Price is the consideration given in return for acquiring a good or service.
The price can be defined as the total amount spent on the inputs like land, labour, capital, machinery, material, etc. with an aim of producing the product or supplying the services.
Price can be described as the benefit derived by the customer from the product or service.
In a commercial transaction, price refers to the amount charged by the seller from the buyer, in exchange for any product or service, which includes cost and profit.
Characteristics of Value.............
Immeasurable in nature, because the value of the product is different for different persons.
Value varies from time to time.
Value of a product or service greatly depends on the supply of the product and the demand among the buyers.
It can be anything that adds to the expense of a product or service manufactured or supplied by the firm.
Price Vs Cost Vs Value
YES
NO
If you purchase a brand new car, then the amount you pay to the car seller for its acquisition is its ........... while the amount invested in manufacturing the car is its .....................
Price
Cost
Price
Value
Market
Cost
Price
Market
If you are a watch manufacturer and produce millions of watch on a daily basis, then the ............... of production is your prior concern and not the ................. of the product. You may try to achieve economies of scale i.e. mass production at less ............... Whereas from the customer’s perspective, the purpose for which the watch is purchased must be fulfilled, which determines its ...............
value
value
cost
value
cost
cost
cost
value
cost
value
cost
cost
cost
value
cost
value
Valuing real estate is difficult since each property has unique features such as _____________________________________
location
lot size
floor plan
amenities
How do government policies affect property value?
The government establishes laws concerning property.
Parking regulations
Government policy can influence interest rates.
The government tries to combat market inequities through regulation, taxation, and subsidies
What are the characteristics of value in real estate?
Scarcity: How much is there of it?
Transferability: Can it be sold?
Utility: Can it be used?
Demand: Does anybody want it?
What factors influence property value?
location, size, finishes,
renovations, condition and school zone
square feet and yard size
Local supply and demand conditions
Real estate agents are licensed to help sellers sell and buyers buy real estate
and are generally licensed to..............................
Negotiating and arranging sales can mean
showing property, listing a property, filling in contracts, listing agreements and
purchase contracts, and
other duties
engaged in residential real estate listing and sales
Watch local businesses and make note of
upsizing and downsizing trends in a market that has jobs and
many workers relocating there.
Trends that impact discretionary income have more of an influence on
this type of market than others
Property Valuation In Malaysia Can Be Impacted By These _____________ Factors.
Size
Maintenance
Time On Lease
Privacy
Neighbourhood
Public Transport
Educational Institutions
Developer
Amenities
Economic Conditions
Appraisal is an alternative term used to refer to.............
property valuation
It is the process of evaluating a property or piece of land to determine its worth
it describes the process of a current property owner selling their property and transferring ownership to the buyer.
which is designed to show you are sincere about a property purchase
A Land Title is a legal document which...................................
defines ownership of a particular parcel
It is an overarching term that covers Individual titles.
It is an overarching term that covers Strata Title.
A copy of all land titles is kept by the Land Office of the relevant state authority.
Loan Agreement...............................
The official document between a bank or financial institution (lender) and the homebuyer (lendee), defining the terms and conditions of a home loan.
It is a measure of the expected price a particular property would transact for, between a willing seller and a willing buyer.
It also grants the right to sell off individual parcels of this land under a Strata Title or Individual Title.
The Memorandum of Transfer is a legal document that defines the transfer of ownership of a property.
A Real Estate Agent (REA) is a qualified agent who is licensed to operate in Malaysia’s real estate industry, having completed ........................... and attained a Diploma in Estate Agency from the Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA).
a two-year course
a three-year course
a four-year course
a one-year course
A Real Estate Negotiator (REN) is a property market professional with accreditation that enables them to work in Malaysia’s property industry.
They must attend a two-day course known as the Negotiators Certificate, and are then qualified to be registered under ........................ and find employment under a licensed REA.
NAPIC
JPPH
BOVAEA
MIEA
Real Property Gains Tax is a tax that applies to the profit earned from ........................ in Malaysia. RPGT is a tax on profit, and as such only applies to property ................. where the sale price was ................. than the original purchase price.
The rate of RPGT varies by seller types such as company, individual, or foreign owner, and is rated against the period of ownership of the property. There are a number of exemptions depending on your particular circumstances.
stamping property
sales
higher
selling property
investment
lower
buying property
sales
lower
selling property
sales
higher
The Sale and Purchase Agreement (SPA) is an extremely important document that defines the terms of a ......................................
A legally binding contract between buyer and seller that confirms mutually agreed conditions such as the .................................................................., conditions of property, fixtures and fittings and other relevant clauses.
house sale
method of payment
house sale
defect liability period
house sale
method of payment
defect liability period
house sale
method of loan
The Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA) is the body defined by the Malaysian Ministry of Finance to regulate the professional conduct of people within the property industry such as ......................................
RENs, valuers , and estate agents.
REAs, RENs, valuers, property managers, and estate agents.
RENs, valuers, property managers, and estate agents.
valuers, property managers, and estate agents.
There are formulas and forms in Feng Shui (also known as 'Chinese Metaphysics') which can actually .....................................................................
help to ensure an investment-grade property is able to reap lower yields, or even have a lower capital gain than others.
help to ensure an investment-grade property is able to reap more yields, or even have a lower capital gain than others.
help to ensure an investment-grade property is able to reap low yields, or even have a higher capital gain than others.
help to ensure an investment-grade property is able to reap more yields, or even have a higher capital gain than others.
Generally, the cosmic energies in Feng Shui studies can be broken down into 3 aspects: .................................................
'Heaven', 'Earth', and 'Man' components.
'Heaven', 'Earth', and 'Woman' components.
'Flower', 'Earth', and 'Man' components.
'Money', 'Earth', and 'Man' components.
There is a whole range of factors impacting prices in Malaysia’s property market, and ............................ are best positioned to assess those.
valuers
valuers and estate agent
valuers, estate agents, property managers
valuers, estate agents, property managers and land economists.
Who Bears The Bill For Property Agent Fees: The Buyer Or Seller?
The seller is the one who should pay the property agent’s fees but they have the option to include it in the listed price, hence, the selling price of the property would be RMx + 3%.
Therefore, when you purchase a property, the agent’s commission is ‘passed on to you as you, the buyer, are the one paying for the property.
The buyer is the one who should pay the property agent’s fees but they have the option to include it in the listed price, hence, the selling price of the property would be RMx + 3%.
Therefore, when you purchase a property, the agent’s commission is ‘passed on to you as you, the buyer, are the one paying for the property.
The seller is the one who should pay the property agent’s fees but they have the option to include it in the listed price, hence, the selling price of the property would be RMx + 3%.
Therefore, when you purchase a property, the agent’s commission is ‘passed on to you as you, the seller, are the one paying for the property.
The seller is the one who should pay the property agent’s fees but they have the option to include it in the listed price, hence, the selling price of the property would be RMx + 3%.
Therefore, when you buy a property, the agent’s commission is ‘passed on to you as you, the seller, are the one paying for the property.
For real estate to have value, it must have particular characteristics. These characteristics are often referred to as the Four Essentials to Value. The Four Essentials to Value are:
Transferability
Utility
Scarcity
Demand
Utility
Capacity
Condition
Legal
Scarcity
Market
Mortgage
Development
Demand
Utility
Capacity
Legal
The _______________ of your property is one of the most important factors that affect real estate values. Is it close to restaurants, schools, shops, public transportation, and other neighborhood amenities? Is it in a sought-after tourist destination? Is it close to the city center? The more popular and accessible an investment location is, the more valuable the property will be.
location
neighbourhood
amenities
condition
What exactly does a property manager do?
supervising and coordinating building maintenance and work orders
doing light handyman and cleaning work
resolving tenant concerns and complaints,
showing and leasing vacant units
