10/07/2024
"๐พ๐๐ ๐๐ ๐ ๐น๐๐๐ ๐ฌ๐๐๐๐๐ ๐จ๐๐๐๐(๐น๐ฌ๐จ), ๐ท๐๐๐๐๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐ ๐จ๐๐๐๐ (๐ท๐ฌ๐จ) ๐๐๐
๐น๐๐๐ ๐ฌ๐๐๐๐๐ ๐ต๐๐๐๐๐๐๐๐๐(๐น๐ฌ๐ต)"?
๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ (๐๐๐๐๐๐๐ ๐๐๐๐). ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐๐ ๐๐ฒ ๐๐๐๐ ๐๐๐๐๐ก ๐๐ก๐๐ข๐ซ๐ฅ๐๐๐ฒ ๐๐๐ ๐ซ ๐๐ซ ๐๐ญ๐๐ฉ๐ก๐๐ง๐ง๐ข๐ ๐๐จ๐ง๐ ๐๐ณ๐ ๐๐ฎ๐ข
IN MALAYSIA, the Board of Valuers, Appraisers, Estate Agents and Property Managers is established under the purview of the Ministry of Finance to professionally regulate the Real Estate Industry professionals.
They are categorized into three levels of certification, for the ease of identification of their respective prescribed authority of practices. Some are regulated while others are certified. Letโs look at what are the respective levels of authority of practices.
Real Estate Agents (REA)
Probationary Estate Agents (PEA)
Real Estate Negotiators (REN)
Real Estate Agents (REA) and Probationary Estate Agents (PEA) are REGULATED by the Board, and Real Estate Negotiators (REN) are CERTIFIED by the Board.
The general public needs to be aware and educated that the above are THE ONLY professionals regulated and certified by the Board who are permitted to transact official real estate matters in Malaysia.
Any other individuals other than the above are prohibited from transacting any real estate matters with the general public except the followings in accordance with Section 22C of the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (Act 242):
a) an owner of any land, building and any interest therein may sell or rent or lease or sub-lease, or offer to sell or rent or lease or sub-lease;
b) a licensed auctioneer may sell or offer to sell any land, building and any interest therein by public auction;
c) a holder of a power of attorney in respect of any land, building and any interest therein, acting gratuitously and for no commission, fee, reward or other consideration;
d) a Negotiator may assist the registered estate agent in the estate agency practice.
This is to ensure that the public at large and stakeholders are protected against malpractices, fraud and misrepresentation. To verify an agent authentication identity, the public can visit www.lppeh.gov.my to verify the authenticity and legality of an agent or negotiator.
At the entry level, an individual begins his or her journey into the practice of real estate agency by first attending the Negotiatorโs Certification Course (NCC), from the approved institution accredited by the Board. Thereafter, he or she will be required to attach to a registered real estate firm registered with the Board of Valuers, Appraisers, Estate Agents and Property Managers in which he/she will be called as โReal Estate Negotiatorโ or REN.
If a REN wishes to pursue further in the career, he/she can proceed to be registered as Probationary Estate Agent (PEA), once the required board examinations or academic qualification is met. Upon approval, a PEA will be given the authority to practice by the Board as a Real Estate Agent or REA which will possess authority to supervise 50 RENs or PEA under an REA. A Real Estate Agent is also known as the license holder or the principal of a Real Estate Agency firm.
Annually, all RENs are required on a mandatory basis to attend a Continuous Development Program (CDP) to renew their REN tag for the following year. As for PEA & REA, they are required to attend Continuous Professional Development (CPD) yearly to renew their authority to practice after the required number of hours are fulfilled.
The above strict compliance must be adhered to continue their practice as a Real Estate professional in Malaysia. The Board ensures that all who come into handling Real Estate transactions with the general public must be knowledgeable, proficient, and professional in their dealings, to safeguard the best interests of the public, clients, and all stakeholders.
END
๐๐ฉ๐ฆ ๐๐ข๐ญ๐ข๐บ๐ด๐ช๐ข๐ฏ ๐๐ฏ๐ด๐ต๐ช๐ต๐ถ๐ต๐ฆ ๐ฐ๐ง ๐๐ด๐ต๐ข๐ต๐ฆ ๐๐จ๐ฆ๐ฏ๐ต (๐๐๐๐) ๐ช๐ด ๐ข ๐ฏ๐ฐ๐ฏ-๐ฑ๐ณ๐ฐ๐ง๐ช๐ต ๐ฐ๐ณ๐จ๐ข๐ฏ๐ช๐ป๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ด๐ฆ๐ณ๐ท๐ฆ๐ฅ ๐ฃ๐บ ๐ท๐ฐ๐ญ๐ถ๐ฏ๐ต๐ฆ๐ฆ๐ณ๐ด ๐ค๐ฐ๐ฎ๐ฑ๐ณ๐ช๐ด๐ช๐ฏ๐จ ๐ฐ๐ง ๐๐ฆ๐จ๐ช๐ด๐ต๐ฆ๐ณ๐ฆ๐ฅ ๐๐ฆ๐ข๐ญ ๐๐ด๐ต๐ข๐ต๐ฆ ๐๐จ๐ฆ๐ฏ๐ต, ๐๐ณ๐ฐ๐ฃ๐ข๐ต๐ช๐ฐ๐ฏ๐ข๐ณ๐บ ๐๐ด๐ต๐ข๐ต๐ฆ ๐๐จ๐ฆ๐ฏ๐ต, ๐๐ฆ๐ข๐ญ ๐๐ด๐ต๐ข๐ต๐ฆ ๐๐ฆ๐จ๐ฐ๐ต๐ช๐ข๐ต๐ช๐ฐ๐ณ ๐ข๐ฏ๐ฅ ๐ฎ๐ฆ๐ฎ๐ฃ๐ฆ๐ณ๐ด ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ง๐ณ๐ข๐ต๐ฆ๐ณ๐ฏ๐ช๐ต๐บ ๐ต๐ฐ ๐ฃ๐ฆ ๐ต๐ฉ๐ฆ ๐ท๐ฐ๐ช๐ค๐ฆ ๐ฐ๐ง ๐ช๐ต๐ด ๐ฎ๐ฆ๐ฎ๐ฃ๐ฆ๐ณ๐ด ๐ต๐ฐ ๐ฆ๐ญ๐ฆ๐ท๐ข๐ต๐ฆ ๐ต๐ฉ๐ฆ ๐ด๐ต๐ข๐ฏ๐ฅ๐ข๐ณ๐ฅ๐ด ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ช๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ. ๐๐ฆ ๐ธ๐ฐ๐ถ๐ญ๐ฅ ๐ญ๐ช๐ฌ๐ฆ ๐ต๐ฐ ๐ฆ๐ฏ๐ค๐ฐ๐ถ๐ณ๐ข๐จ๐ฆ ๐ข๐ญ๐ญ ๐๐ฆ๐ข๐ญ ๐๐ด๐ต๐ข๐ต๐ฆ ๐ฑ๐ณ๐ข๐ค๐ต๐ช๐ต๐ช๐ฐ๐ฏ๐ฆ๐ณ๐ด, ๐ซ๐ถ๐ฏ๐ช๐ฐ๐ณ ๐ฐ๐ณ ๐ด๐ฆ๐ฏ๐ช๐ฐ๐ณ ๐ธ๐ฉ๐ฐ ๐ช๐ด ๐ฑ๐ข๐ณ๐ต ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ช๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ ๐ต๐ฐ ๐ซ๐ฐ๐ช๐ฏ ๐๐๐๐ ๐๐ข๐ฃ๐ข๐ฉ, ๐ข๐ด ๐ข ๐ฎ๐ฆ๐ข๐ฏ๐ด ๐ต๐ฐ ๐ง๐ถ๐ณ๐ต๐ฉ๐ฆ๐ณ ๐ฆ๐ญ๐ฆ๐ท๐ข๐ต๐ฆ ๐บ๐ฐ๐ถ๐ณ ๐ฑ๐ณ๐ฐ๐ง๐ฆ๐ด๐ด๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ต๐ฐ ๐ฆ๐ฏ๐ฉ๐ข๐ฏ๐ค๐ฆ ๐ต๐ฉ๐ฆ ๐๐ฆ๐ข๐ญ ๐๐ด๐ต๐ข๐ต๐ฆ ๐ช๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ ๐ฐ๐ง ๐๐ข๐ญ๐ข๐บ๐ด๐ช๐ข. ๐๐ต๐ฉ๐ฆ๐ณ ๐ต๐ฉ๐ข๐ฏ ๐ซ๐ถ๐ด๐ต ๐ค๐ญ๐ฐ๐ด๐ช๐ฏ๐จ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐บ ๐ฅ๐ฆ๐ข๐ญ๐ด ๐ข๐ฏ๐ฅ ๐ด๐ฆ๐ค๐ถ๐ณ๐ช๐ฏ๐จ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐ช๐ฆ๐ด ๐ง๐ฐ๐ณ ๐บ๐ฐ๐ถ๐ณ ๐ค๐ญ๐ช๐ฆ๐ฏ๐ต๐ด, ๐จ๐ฐ ๐ฐ๐ฏ๐ฆ ๐ด๐ต๐ฆ๐ฑ ๐ง๐ถ๐ณ๐ต๐ฉ๐ฆ๐ณ ๐ข๐ฏ๐ฅ ๐ฃ๐ฆ๐บ๐ฐ๐ฏ๐ฅ ๐ข๐ด ๐ต๐ฉ๐ฆ ๐ท๐ฐ๐ช๐ค๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ช๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ ๐ด๐ฐ ๐ต๐ฉ๐ข๐ต ๐บ๐ฐ๐ถ ๐ธ๐ช๐ญ๐ญ ๐ด๐ต๐ข๐ฏ๐ฅ ๐ฐ๐ถ๐ต ๐ต๐ฐ ๐ฎ๐ข๐ฌ๐ฆ ๐ฑ๐ฐ๐ด๐ช๐ต๐ช๐ท๐ฆ ๐ข๐ฅ๐ท๐ข๐ฏ๐ค๐ฆ๐ฎ๐ฆ๐ฏ๐ต๐ด ๐ต๐ฉ๐ข๐ต ๐ฃ๐ฆ๐ฏ๐ฆ๐ง๐ช๐ต ๐ข๐ญ๐ญ.
๐๐ฏ๐ช๐ต๐ฆ๐ฅ. ๐๐ฆ๐ญ๐ฆ๐ท๐ข๐ฏ๐ต. ๐๐ณ๐ฐ๐จ๐ณ๐ฆ๐ด๐ด๐ช๐ท๐ฆ.
MIEA Sabah
Malaysian Institute of Estate Agents - MIEA
Miea HQ
