Category

Ordinary Members

  • Any Registered Estate Agent in possession of a valid Authority To Practice certificate issued by BOVAEA shall, upon successful application, be a member of the Institute.
  • Any ordinary member as defined under Article 8.3.1 shall enjoy all privileges of membership and shall have the right to attend and vote at any AGM, EGM or at any other meetings and shall be eligible to offer themselves for election to the BOD, subject to Article 13.

Probationary Estate Agent (PEA) members

  • A Probationary Estate Agent who is registered with the BOVAEA and continues to be employed/engaged by an Estate Agency firm and practices estate agency, shall upon successful application be probationary member of the Institute.
  • A Probationary Estate Agent member shall enjoy all privileges of membership and shall have the right to attend any AGM, EGM or at any other meetings and shall have voting rights but serve only as Ordinary Board members and not in the Executive Board.
  • A Probationary Estate Agent upon ceasing to be registered as a PEA with BOVAEA shall cease to be a member of the Institute.
  • Any Probationary Estate Agent upon becoming a Registered Estate Agent shall automatically be upgraded to become an ordinary member upon payment of the prescribed fee.

Real Estate Negotiator (REN) members

  • A sales person who is certified and issued with a REN Tag and continues to be employed/engaged by an Estate Agency firm shall upon successful application, be admitted as a REN member.
  • REN members shall enjoy all privileges of membership and shall have the right to attend any AGM, EGM or any other meetings but shall not have any voting rights and shall not be eligible to offer themselves for election.
  • The BOD shall co-opt the Chair of the Real Estate Negotiators Network to serve in the BOD.
  • Any REN member under this category upon becoming a Probationary Estate Agent shall automatically be upgraded to Probationary Estate Agent member upon payment of the prescribed fee.

Student members (SM)

  • Anyone who is a student in a college or university pursuing any Estate Agency related course or study may apply to become a student member in this category.
  • Student members shall enjoy all privileges of membership and shall have the right to attend any AGM, EGM or any other meetings but shall not have any voting rights and shall not be eligible to offer themselves for election.
  • No university or university-college student can be allowed to be a member without the prior written approval from the Vice-Chancellor of the University concerned.

Associate members (AM)

  • Anyone who is employed as an administrative staff, management staff, who are actively working with a real estate firm or property related industry is eligible for Associate membership.
  • Associate members shall enjoy all privileges of membership and shall have the right to attend any AGM, EGM or any other meetings but shall not have any voting rights and shall not be¬†eligible to offer themselves for election.
  • Any Associate Member upon becoming a Real Estate Negotiator or Probationary Estate Agent shall automatically be upgraded to become a REN member or Probationary Estate Agent member upon payment of the prescribed fee.

Corporate members (CM)

  • Any Company related to the real estate industry including a Real Estate firm may apply to become corporate member and pay the prescribed fees
  • A Corporate member shall be entitled to send a maximum of two (2) representatives who shall have no voting rights nor offer themselves for election.

Senior Ordinary Members (SOM)

  • Only an ordinary member who has attained the age of 55 and has been a continuous member for 15 years shall be entitled to become a Senior member and pay the prescribed fees. Such member shall enjoy the same privileges as an Ordinary Member.

Life Members (LM)

  • Any Registered Estate Agent who qualifies to be an Ordinary Member and pays a one-time subscription fee as provided in the Bye-Law shall be eligible for Life Membership and shall enjoy the same privileges as an Ordinary Member.

 

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