CLEANING UP ESTATE AGENTS

Eric Lim and K Soma Sundram, Board of Valuers, Appraisers and Estate Agents (BOVAEA) The BOVAEA talks about their new campaign, Anti C.A.M.P. The campaign stands for Cheating, Absconding, Misinterpretation and Profiteering, and highlights the four main methods employed by illegal brokers to cheat members of the public out of their hard earned savings. There […]

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RM40b Deals Lost to Unlicensed Brokers

KUALALUMPUR: The Board ofValuers, Appraisers and Estate Agents Malaysia (Bovaea) has teamed up with the authorities to stop unlicensed people from acting as brokers in real estate transactions, after the industry lost RM40 billion worth oftransactions to unlicensed property brokers last year alone. Bovaea estate agency practice committee’s (EAPC) awareness campaign chairman IC Soma Sundram said in 2014, […]

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Board Targets Unlicensed Property Brokers

ACTING on the growing number of complaints on illegal brokering, the Board of Valuers, Appraisers and Estate Agents Malaysia (Bovaea) has decided to crack down on unlicensed brokers and negotiators. Its chairman Eric Lim said the recent spike in complaints prompted the body to address the issue of illegal real estate negotiators. “We estimate there are about 50,000 […]

BOVA 50000 Illegal Real Estate Brokers

BOVAEA: 50,000 Illegal Real Estate Brokers in the Industry

ABOUT 30 to 40 real estate cheats are being reported every month as a result of 50,000 illegal real estate brokers operating in the country. Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA) chairman Eric Lim Chin Heng said the number of illegal real estate brokers are mushrooming overnight despite strict laws governing the sale and purchase […]

Watch Out for Bogus Negotiators

Watch Out for Bogus Negotiators

Public warned against conmen posing as real estate negotiators. The Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA) has warned the public to beware of con artists posing as real estate negotiators. The article “Watch Out for Bogus Negotiators” first appeared in The Star on 21 July 2015.