PART 2 OF RES MCQ – ANSWERS ONLY
SUGGESTED ANSWERS FOR PART 2
1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199
MAY 2013 estate legal description communicated industrial share value State promotion approved usage research Continuing Professional Development] real estate salesperson pass [b] 24 Jan 2015 [b] Yes, there is nothing adverse against him and he is not a bankrupt [b] Yes, if Grace consents to him being her representative [c] At the point of submitting the resale application [SPR not eligible to borrow from HDB] [b] $20,000 [b] 2 [d] No, salespersons are required to convey every single offer to the principal, even if the price offer is below the expectation of the customer [d] At all times before, during and after the deal is closed [b] Market segment [b] floor loading capacity [a] 50sqm [b] Someone who buy a Condo [b] Singapore citizen family after living in their HDB flat for 5 years [b] Reasonable price, Reputable agents, viewing by invitation [b] (i) and (ii) only [a] To pluck overhanging apples from Gordon’s tree [b] Licence granted by Jane cannot be passed to bind Iris [a] 9,999-year estate [a] Land acquisition by state [c] (ii) and (iv) [d] Single-user industrial building [a] $0 [d] All of the above [b] Low interest rate [a] To hedge against inflation [b] (i) and (ii) [a] No, the agent did not make a statement of fact which was relied upon by an innocent party [a] Divorce [a] 1% [c] 7% [b] Foreigner with S pass [a] Yes, for professional misrepresentation [d] Tenancy in common [c] Yes, because of privacy and personal security [d] No, nobody can lodge caveats in this case because there wasn’t any binding contract created [b] As the property has not been legally transferred to Candice, her estate will not include her share of the flat [c] If both the items are fittings Brian and his brother can negotiate freely on the splitting the costs
1
PART 2 OF RES MCQ – ANSWERS ONLY
1200 [c] No, the contract can be made voidable 1201 [d] Law Society of Singapore’s Conditions of Sale 2012 1202 [c] If he is a Singaporean, and has signed an option to purchase his new home before he sells his share to Alan, he pays 7% ABSD
1203 1204 1205 1206 1207 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228
1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242
November 2014 [b] 2 years [d] high capital gain [b] 150 sqm, 80 sqm, 80 sqm [c] D09 [c] 8 [c] difference in value between the proposed development and the approved development [b] Inform Mr. Tan of all the offers including those that are not accompanied by any commitment cheques [b] John is responsible as he must dutifully follow the instruction of Mr. Tan [a] Actual authority [c] Yes, even though John acted beyond the scope of his authority, Mr. Tan is still liable as Mary did not know the scope of John’s authority [a] Inform Mr. Tan of all interests shown by all prospective buyers [d] Plot ratio, zoning, road and drainage schemes, any other public uses [a] He has to display his estate agent card at all times [c] no record of customer complaints [a] Register with a real estate agency [d] i, ii and iii [b] Seller can opt to void the contract for the breach but may allow buyer more time to fulfill his contractual obligations [a] Mediation, then arbitration if dispute not resolved [c] Defects in general, state of repairs, fixtures and fitting, number of rooms etc. [a] No, he cannot offer any form of gifts as it is not in line with rising the professional standard of the industry [d] Landowners are subjected to implied easements for passage of water, electricity, drainage etc. for all housing developments [c] Legal interest as Mr. Tan is the land proprietor; and legal interest for the bank as it holds a charge against title [b] a trustee [d] John needs to follow the instructions given in the trust document, e.g. was there an intention for the trust property to be sold [b] 1/3 [c] If the three parties are joint tenants, the survivors will continue to be joint tenants despite the instruction of a will to severe the joint tenancy into share holding Section C Three Minor / bankrupt Joint tenancy Urban Redevelopment Authority (URA) [a] Geographic segmentation [c] Promotion [b] Evaluation Stage and bring Mr. Tan to see the property he wants [a] Yes, but he has to ask Mr. Tan to provide factual evidence so as to back up the claim [c] Yes, and he can tell buyers it is surrounded with amenities in the advertisement [d] Mr. Tan can display one banner at his own property without any approval from the authorities [b] His aunty and uncle who he has not met for 5 years [d] All interested buyers must submit their offer price written in a piece of paper and hand it over to the real estate salesperson marketing the property by noon the following day [c] For this couple, the remaining lease must be at least 40 years because of David’s age [b] They are not eligible to use their CPF savings to purchase a private property with a remaining
2
PART 2 OF RES MCQ – ANSWERS ONLY
1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266
1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278
lease of less than 60 [a] Print advertisement [b] Air-con ledge inside the house [d] Singapore Land Authority [c] unique and has limited supply [a] B1 facilities [a] Amenities [d] [i], [ii], [iv], [iii], [vi], [v], [vii] [b] Attention – to attract the attention of prospective buyers [c] Mary is allowed to assign the OTP in a private property transaction provided the seller gives his consent [a] All their CPF money in the Ordinary Account, including those that are coming back from their first flat [c] The OA can size the gift to satisfy creditors’ claims [d] All of the above [d] Do not sell the property until they have obtain the court order [c] She can rent the rooms to 8 occupants [c] 9 occupants [a] Salesperson can distribute flyers at the street but they are not allowed to stop the passers-by balloting exercise Singapore Land Authority (SLA) 14 Land Dealings (Approval) Unit 80% Building Maintenance and Strata Management Act caveat Public Scheme / Fiancé/Fiancée Scheme / Citizen Single Scheme / Citizen Joint Single Scheme / Foreign Family Scheme / Foreign Spouse Scheme etc August 2015 [b] (i), (iii) and (iv) [c] Common property defined under the Land Titles (Strata) Act [b] ‘fee simple’ is the highest form of freehold – the title holder owns the right over land forever [b] Subsidiary strata certificate of title [c] Get both David’s and Katie’s approval and get them to sign the agreement to reflect the new commencement date [c] (i) and (iv) [d] (ii) and (iv) [c] (i) and (iv) [b] (ii), (iii) and (iv) [b] John [a] Yes, as long as both the seller and buyer agree on which fixture(s) is/are not for sale for the contract was formed [b] Yes, letting rooms still entitled to owner-occupier concessionary rate
Sam Gian Notes: ‘for answer (a), not leaving the house vacant can mean letting it out – which would attract non-occupier rate.’
3
