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Worksheets

Real Estate

Total questions: 11

Worksheet time: 8mins

Name
Class
Date
1.

Choose the correct RPGT Rate 2022 for individuals (Malaysian/PR)

1st-3rd year

4th year

5th year

6th year

a)

30%

20%

15%

0%

b)

30%

20%

15%

5%

c)

30%

20%

10%

0%

d)

30%

25%

15%

0%

2.

RPGT for Foreigner is 30% flat rate from 1st-5th year,

what is the rate in the 6th and beyond?

(a)  

3.

Stamp duty exemption (direct from developer/subsale)

Select the eligibility & criteria below:

a)

RM500k & below

b)

Residential property only

c)

First time buyer

Malaysian

d)

SPA date 1/1/21 - 31/12/25

4.

Taxes and requirements imposed by Penang state government on Foreigner's purchase :

a)

State levy 3% for a purchase of the property

b)

State Consent Fee

10k - residential title

20k- commercial title

c)

Landed property not less than RM2m

d)

10% tax for selling the property below 2 years.

5.

In Penang, anyone can buy/sell the low cost/low medium cost property without state consent after a certain year. Pls stated the year.

(a)  

6.

Calculate the stamp duty for MOT with the house value of RM600,000.

(a)  

7.

Statement # 1 Investment in real estate provides hedge against inflation.


Statement # 2 Investment in real estate is a long term investment

a)

True; true respectively

b)

False, false respectively

c)

False; true respectively

d)

True; false respectively

8.

What are experiences that a Real Estate agent may have?

a)

Meeting new people

b)

Doing Charity

c)

Helping people

d)

Relax & enjoy happier life

9.
In general, it is best to rent under which circumstances?
a)
Short term living; you currently have high debt
b)
Long term living; you currently have low debt
c)
It is always better to rent
d)
It is always better to buy
10.
What should you consider doing before you begin the process of buying your 1st home?
a)
Assess your credit situation
b)
Save money for a down payment
c)
Perform a needs assessment or wish list
d)
All of these
11.

Who pays the real estate agent's commission in Penang?

a)

Buyer

b)

Seller

c)

Buyer & Seller

d)

Depends