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New ID Tag!

new_tag

Since the month of June, there has been a campaign by the Board of Valuers, Appraisers and Estate Agents (BOVAEA) ie: The Board under the purview of the Ministry of Finance. This board regulates the Real Estate industry in Malaysia, and it has been stepping up enforcement to role out illegal or ‘fly by night’ Real Estate Negotiators. Thus the new tag!

Basically this means I am now personally registered as a Real Estate Negotiator with my own identification number, and I am required to wear this tag during viewings (as an indication I am not illegal). Previously, only the Principal Agents had identification numbers, and each principal is allowed to hire 30 negotiators under them. No one can be a Real Estate Negotiator unless they are parked under a Principal Agents licence.

My Real Estate Negotiator (REN) number is REN 04130. Searchable via this linkOnly time will tell how effective this move will be. At the end of the day, it really is  the owners and buyers who determine which parties to contract to help transact the related property. 

You may log on to The Board’s website http://www.lppeh.gov.my or the campaign website: http://itsillegal.com.my for more information.

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