Cracking Down on Bogus Agents

Newer threats have emerged in the property market with individuals, investors, business entities and
companies becoming illegal property brokers to cash in on new development opportunities.

With technological advancements such as mobile phone applications, website portals and social media, unregistered real estate negotiators (RENs) have been running rampant against the law to make a fast buck. The Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA), the governing body for all registered estate agents and real estate transactions in the country said that they are concerned at the apathy of these groups that disregard the law.

Read the full story here.

This story was first covered by The iProperty.com News Team on Jan 19, 2016

BOVAEA

BOVAEA

Board of Valuers, Appraisers and Estate Agents Malaysia was set up in 1981 under the purview of the Ministry of Finance, Malaysia. The setup and operation of this Board is governed by the provision of Valuers, Appraisers and Estate Agents Act 1981. Its primary function is to regulate the Valuers, Appraisers and Estate Agents practising in Malaysia.
BOVAEA