Category Archives: Guide

General Code of Conduct and Ethics for Registered Valuers, Appraisers and Estate Agents

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  • 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

How to be a Registered Estate Agent in Malaysia?

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Unless you are graduate of local college or University which study recognized y by the Board of Valuers, Appraisers & Estate Agents, otherwise you had to go thru the following process :

  1. Pass SPM or similar qualification and Bahasa Malaysia must obtain credit.
  2. Join and practise full time in a registered estate agency firm for at least six months then only qualify for a candidate to seat for examination conducted by the Board. There are 2 parts for a candidate to pass thru. First part is consists of 10 papers which covered real estate practice, law related to property, building technology, and etc.
  3. After passed the Part I, a candidate need to practise in a registered estate agency for one year, then seat for Part II, there is an oral test (interview), after pass thru, then you can apply to be a registered estate agent and operate a firm.