Scale Fees
All fees payable for services rendered, both for sale or letting are stipulated under the 7th Schedule of Valuers, Appraisers & Estate Agents Rules.
General Public
Can a foreigner be engaged as a REN?
Any foreigner who wish to work as a Negotiator is required to obtain a work permit from the Immigration Department and only then will the BOVAEA will consider the application.
How do I know whether the REN Tag is a fake one?
Genuine REN Tag contains watermark security features. When you scan the Quick Respond (QR code) using a smartphone, it will feature the negotiator information.
What happens if the REN does not have a REN Tag?
Then he is an illegal broker. He is not authorised and as such stop dealing with him. Report him to the police immediately with full information.
How to check or verify whether the REN is certified by the BOVAEA?
The Quick Respond (QR) code can be verified using a smartphone. It contains all the negotiator information including their photograph. If in doubt, conduct a search at www.lppeh.gov.my or www.propertyagent.gov.my website under Negotiator Search. Alternatively, call BOVAEA during the office hours at 603-22876666.
Can a REN use the firm’s company tag instead of a REN Tag?
It is mandatory for all negotiators to wear the REN tag during the course of doing business and it cannot be replaced with any company name tag. It is an offence for someone to imitate and produce something similar to BOVAEA REN Tag.
What is REN Tag?
REN Tag is an identification tag issued to a Real Estate Negotiator (REN). It contains all the information including their name, photo, IC no, REN no, firm name, firm registration no, quick respond code (QR) and security features, This tag must be worn by the REN at all times during their conduct of business.
Who are Registered by BOVAEA?
BOVAEA has two (2) registers. One is the register for Valuers/Property Managers and the other for Estate Agents.
- Who is a Real Estate Agent (REA)?
A real estate agent (REA) is an individual who has attained the following requirements;
Function of BOVAEA
The main function of BOVAEA is to regulate the professional conduct of those registered by the Board including Valuers, Property Managers and Estate Agents.
