Infrastructure University FINAL EXAMINATION MARCH SEMESTER 2019 ETHICS AND PROFESSIONAL PRACTICE (REM 3540) (TIME : 2 HOURS) MATRIC NO. IC. /PASSPORT NO. : LECTURER : YUSRIHAMZAH TOLD TODO SO. CONFIDENTIAL Page 1 of 3INSTRUCTIONS: ‘TiMe: 2 HOURS (100 MARKS) ‘There are FIVE (S) questions in this section. Answer ALL Questions in the Answer Booklet. 1.) The Board of Valuers, Appraisers, Estate Agents and Propety Managers (BOVEAP) was setup in 1981 under the purview ofthe Ministry of Finance, Maleysia, The setup and operation ofthis Board is govered by the provision of Valuers, Appraisers tate Agents and Property Managers Act 1981 (as amended), Explain FIVE. (6) functions of BOVEAP. [cLo1-PL01-c2] (0 marks) 1) One of the main functions of the Board of Valuers, Appraisers and Estale Agents Malaysia (BOVEAD) isto maintain the highest standard of the practice of Valuation, state Agency and Property Management in Malaysia, Outline an order willbe taken by BOVEAP if any of the valuers, estate agents or property manager has been convicted t any unethical conducts. [cLor-rL01-c4 (10 marks) 2, Discus in general the Code of Conduct and Ethics for Registred Valuers, Appraisers, Estate Agents and Property Managers. [eL03:PLo6.c3} (20 marks) 3. The Valuers, Appraisers, Estate Agents and Property Managers Act 1981 as amended) is 1 legislation regulating the practice of property valuation, esate agency and property "REMGS40MaroRO nt‘management in Malaysia Explain the requirements ofa new registrant (egisered estate agent and registered property manager to stat the practices. [cLo2:PLo3-c3} (20 marks) 4.8) With reference to Malaysion Fsinto Agency Standards (MEAS), discuss the main purpose of the ‘Standards 5 [cLoz:pLox:c3} (10 marks) 'b) Elaborate briely why probationary registans and Test of Professioral Competence (TPC) are important to real estate profession? [cL02:P103:c3] (10 marks) ‘5. Provide short notes on the following:- 48) FIVE () Standards ofthe Malaysian Property Management Standard (MPMS); and [cL03:PL06:c3} (lo marks) 1b) The elgibity requirements for firm to be appointed as property valser by Security Commission Malaysia ($C) according to Asst Valuation Guidlines. [cL03:PL06:c3} (10 marks) "END OF QUESTIONS *+# ‘REST MarenIOTT Page3 of 3