Malaysia Estate Agent

MIEA, a non-profit organization representing the interest of Estate Agents regularly organizes a “TWO DAYS NEGOTIATORS’ REAL ESTATE TRAINING PROGRAMME.

DEVELOPED BY PRACTITIONERS

This two days intensive course has been developed through the years to provide each Negotiator with the necessary knowledge and skill to effectively represent Estate Agents in their day to day practice.

TAUGHT BY PROFESSIONALS

(There is an assessment test before certification and it is organized by MIEA as the only programme that will lead to certification as CREN Members.)

Date:

(a) May 15 & 16, 2010 (Sat & Sun) (MIEA Penang Branch)
(b) May 22 & 23, 2010 (Sat & Sun)
(c) June 19th & 20th 2010 (Sat & Sun)
(d) July 17th & 18th 2010 (Sat & Sun)
(e) August 21st & 22nd 2010 (Sat & Sun)
(f) September 18th & 19th 2010 (Sat & Sun)
(g) October 23rd & 24th 2010 (Sat & Sun)
(h) November 20th & 21st 2010 (Sat & Sun)
(i) December 11th & 12th 2010 (Sat & Sun)

Time: 9.00 a.m. to 5.30 p.m.

Venue:

MIEA Secretariat
Unit C-27-05, Dataran 3 Dua, No. 2, Jalan 19/1
46300 Petaling Jaya
(opposite Toyota Showroom)

Your Investment:

RM380.00 each (for non-MIEA members and public)
RM350.00 each (for MIEA active members)
RM300.00 each (two or more people & if Principal is MIEA active member from the same company)
- Fees include file notes, a certificate of attendance and refreshments.
- ALL PAYMENTS MADE ARE NOT REFUNDABLE

To Register please contact, Ms. Marianne at 03 – 7960 2577 or email secretariat@miea.com.my

• Every registered valuer or appraiser or estate agent are duty bound to render service to his client with absolute fidelity, and to practise his profession with devotion to the high ideals of integrity, honour and courtesy, loyalty to his country, and also to conduct business in the spirit of fairness and goodwill to his fellow professionals in the real estate industry.
• A registered valuer or appraiser who acts as an estate agent to a transaction should not subsequently value the same property for the same purchaser.
• All valuation reports must follow the format and guidelines issued by the Board from time to time.
• No registered valuer, appraiser or estate agent shall, directly or indirectly, allow or agree to allow participation by any person or company, other than a registered valuer, appraiser or estate agent in the profits of his professional work.
• It is a duty of a registered estate agent to protect the public against fraud, misrepresentation and unethical practises in respect to all real estate transactions.
• A registered valuer, appraiser and estate agent must inform his client of the nature of any business connection , interest or other affiliations he may have in connection with the service to the client.
• A registered estate agent shall not accept fees from more that one client in any one transaction.
• A registered estate agent shall not act for one party to a transaction while another registered estate agent from the same firm or related or affiliated firm, is acting for the other party to the same transaction except with the knowledge and consent of the parties concerned.
• A registered estate agent’s name and signature must appear on all proposals, reports and other documentation prepared by him indicating his status as a registered estate agent.
• A registered valuer’s, appraiser’s and estate agent’s branch offices shall be headed by a resident registered valuer or appraiser or estate agent.

Source: LPPEH

Q: What are the procedures to become an estate agent?
A: One is required to pass both Part I & Part II of the estate agent’s exam and the TPC before one becomes eligible to be registered as an estate agent.

Q: When is the date of examination?
A: Usually in June or July depending on the availability of halls.

Q: What are the fees involved?
A: RM50.00 processing and RM50.00 per subject.

Q: What are the minimum entry requirements?
A: Candidate must possess an SPM/MCE with not less than 5 subject passes of which at least 3 shall be credit level passes and at least 1 of the credit level passes shall be Mathematics or Science or Accounts or Commerce, or Any other higher qualifications recognized by Jabatan Perkhidmatan Awam or Lembaga Akreditasi Negara.

Q: Can I apply for exemptions?
A: Yes, if the diploma or degree is recognized by the Board.

Q: What are the recognized diplomas/ degrees?
A: Please refer to the board website which displays the entire list.

Q: Can I self study?
A: Yes, you may.

Q: When does it open for registration?
A: 2 nd January until 2 nd May every year.

Q: How many subjects are there in both Part I & Part II?
A: Each part consists of 6 subjects.

Q: Can one take only a few subject and not all 6 subjects?
A: Yes, may take one or two subjects provided all 6 subjects shall be complete within 3 years

Q: Where can I get the registration form?
A: At the Board’s office.

Q: Would I be exempted from the Estate Agent’s Written Examination on a subject to subject basis?
A: No. Exemption will only be given for Parts.

Source: LPPEH

Negotiators are salespersons who are not given explicit recognition in the Act or Rules but are informally recognized by the Board as assistants engaged by estate agents in their practice of estate agency under their immediate direction and supervision. Hence, negotiators are not authorised to act independently of the estate agency firm and when in doubt members of the public are advised to check with the Board or the estate agency firm concerned. Negotiators can only work for one estate agent at any one time and on a full time basis only.

Source: LPPEH

MIEA, a non-profit organization representing the interest of Estate Agents regularly organizes a “TWO DAYS NEGOTIATORS’ REAL ESTATE TRAINING PROGRAMME.

DEVELOPED BY PRACTITIONERS

This two days intensive course has been developed through the years to provide each Negotiator with the necessary knowledge and skill to effectively represent Estate Agents in their day to day practice.

TAUGHT BY PROFESSIONALS

The course lecturers are successful practitioners who have walked the streets and are qualified to share their experiences and expertise. This comprehensive programme will cover:-

• Techniques in securing listings
• The selling processes – prospecting, overcoming objection & closing
• How to market the properties
• Land matters
• The Act, Rules & Standards
• Standards of practice and other modules

(There is an assessment test before certification and it is organized by MIEA as the only programme that will lead to certification as CREN Members.)

Date: (a) May 15 & 16, 2010 (Sat & Sun) (MIEA Penang Branch)

(b) May 22 & 23, 2010 (Sat & Sun)
Time: 9.00 a.m. to 5.30 p.m.

Venue: MIEA Secretariat
Unit C-27-05, Dataran 3 Dua, No. 2, Jalan 19/1
46300 Petaling Jaya
(opposite Toyota Showroom)

Your Investment:
RM380.00 one person
RM350.00 if Principal is MIEA member
RM300.00 each if two or more sign up from the same Estate Agency company

To Register please contact, Ms. Marianne at 03 – 7960 2577 or email secretariat@miea.com.my

Source: MIEA

Theme: PENANG INTERNATIONAL PROPERTY FORUM.
Date: March 19, 2010
Time: 9.00am to 5.00pm
Venue: Function Hall, Penang International Sports Arena (PISA), Penang.

Source: MIEA

2 DAYS NEGOTIATORS’ REAL ESTATE TRAINING PROGRAMME

MIEA, a non-profit organization representing the interest of Estate Agents regularly organizes a “TWO DAYS NEGOTIATORS’ REAL ESTATE TRAINING PROGRAMME.

DEVELOPED BY PRACTITIONERS
This two days intensive course has been developed through the years to provide each Negotiator with the necessary knowledge and skill to effectively represent Estate Agents in their day to day practice.

TAUGHT BY PROFESSIONALS
The course lecturers are successful practitioners who have walked the streets and are qualified to share their experiences and expertise. This comprehensive programme will cover:-

• Techniques in securing listings
• The selling processes – prospecting, overcoming objection & closing
• How to market the properties
• Land matters
• The Act, Rules & Standards
• Standards of practice and other modules

(There is an assessment test before certification and it is organized by MIEA as the only programme that will lead to certification as CREN Members.)

Date:  (a) 6th & 7th March 2010 (Sat & Sun),  (b) 20th & 21st March 2010 (Sat & Sun)
Time: 9.00 a.m. to 5.30 p.m.
Venue: MIEA Secretariat, Unit C-27-05, Dataran 3 Dua, No. 2, Jalan 19/1, 46300 Petaling Jaya (opposite Toyota Showroom)

Your Investment:

• RM380.00 one person
• RM350.00 if Principal is MIEA member
• RM300.00 each if two or more sign up from the same Estate Agency company

To Register please contact, Ms. Marianne at 03 – 7960 2577 or email secretariat@miea.com.my

Source: MIEA

The Scale of fees as per the Seventh Schedule has been amended. For estate agency, the maximum fee for sales or purchase for land and buildings is 3% and a minimum fee of RM1,000 has also been set. The amendment is on force since 1st October 2009. A copy of official amendment is attached.

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Ramscott Academy is offering Diploma in in Real Estate course to those who intend to become a registered real estate agent in Malaysia. Their office is located at Damansara Heights, Selangor. Classes are conducted both in KL and Penang. Classes run on Tuesday & Thursday,  for duration of 6-7 months. The course is only conducted on part time basis.

For more information call at  012-419 3175 or 017 – 881 0470 or check out their website www.ramscottacademy.com

For the first time in MIEA history, Madam President Julie Wong has decided to hold a real estate convention outside Kuala Lumpur, for the benefit of members from various states as stated in one of her agenda as President 2009/2011.

MIEA Johor Convention 2009 shall be held in Johor Bahru with the followings:-

• Theme: Iskandar Malaysia – The Rise of A New Metropolis
• Date: 31st October & 1st November, 2009 (Saturday and Sunday)
• Venue: The Puteri Pacific Johor Bahru Hotel (Permata Ballroom) Johor Bahru, Johor, Malaysia
• CPD Points: 10 points applied – Board of Valuers, Appraisers & Estate Agents Malaysia
• Fees: RM400 MIEA / IEA ordinary member, affiliate members and CREN, RM500 Non-members, *RM100 (optional) Fellowship Dinner on 31st October, 2009 (Saturday)
• Organisers: MIEA Johor Branch and Institute of Estate Agents Singapore
• Main-sponsors: Johor State Government and Iskandar Investment Berhad (IIB)

The objectives of this convention are as follows:

1. To work together with the Federal and Johor State Government in promoting Iskandar malaysia as a strong and sustainable metropolis of international standing.
2. To provide progress updates on the developments taking place in Iskandar Malaysia especially to the target groups, i.e. individuals companies and organizations related in real estate industry.
3. To provide information and platform to clear certain negative perceptions pertaining to Iskandar Malaysia.
4. To provide opportunity for key players/developers from each of the 5 zones to highlight on their current and future developments
5. To provide great business opportunities for all real estate practitioners/investors to get in touch directly with all the key players in Iskandar Malaysia

In view of the above mentioned objectives, the programmes have been arranged as such: During the first day of Convention, speakers representing all the key players in Iskandar Malaysia according to the 5 highlighted zones from Zone A to E are invited to give talks on the progress updates, current and future plans in their respective fields.

On second day, we shall further examine some of the more important property related issues in the context of Johor. Issues to be discussed shall include investment trend and environment, property investment opportunities, Malaysia My Second Home, foreigner property ownership, Integrated Resort in Singapore, Dare To Sell and marketing Malaysia internationally.

Limited seats available, max 300 participants from both Malaysia and Singapore on a first come first serve basis. For enquiries and registration, please visit MIEA website.