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    The Real Dream Living

    Why we need to deal with licence property agents?

    Property agent licensing is necessary to protect consumers from fraud and ensure professionalism by requiring agents to meet standards for training, ethical conduct, and legal compliance
    . Licensed agents are regulated and overseen by a professional board, which provides a layer of security for clients handling significant financial transactions and property access. 
     
    Reasons for licensing –
    • Consumer protection: Licensing protects buyers and sellers from unscrupulous individuals by ensuring agents are legitimate and accountable. It provides a way for the public to verify an agent’s credentials before engaging their services.
    • Professional standards: Regulations ensure agents are properly trained in areas like contract law, fair housing, and ethical practices, leading to more professional and trustworthy transactions.
    • Accountability: Licensed agents are held to a code of ethics and professional standards, and are accountable for their actions. In some jurisdictions, professional bodies like the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) in Malaysia have strict guidelines that unregistered agents must follow.
    • Legal and financial security: Licensed agents are authorized to handle crucial aspects of transactions, including receiving earnest money, which requires them to operate within a legal framework that protects the parties involved.
    • Quality assurance: Licensing ensures that the professional is qualified to handle complex real estate transactions, understand market conditions, and provide sound advice.
    • Source : Google AI Overview

    Who regulates property agents?

    In Malaysia, property agents are regulated by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEA). 
     
    Regulatory Bodies –
    • BOVAEA (or LPPEH) is the primary regulatory body, operating under the purview of the Ministry of Finance, Malaysia. Its key functions include:
      • Regulating the practice and conduct of valuers, appraisers, estate agents (REAs), and property managers.
      • Registering agents and firms, maintaining official registers, and issuing licenses.
      • Conducting disciplinary hearings and establishing a scale of fees to prevent fraud and maintain professional standards.
    • The Malaysian Institute of Estate Agents (MIEA) represents the interests of registered agents and helps enforce BOVAEA’s guidelines. MIEA focuses on professional development, education, and upholding ethical standards within the industry. 
     
    Types of Property Professionals
    The property industry in Malaysia has two main professional designations, both overseen by the BOVAEA: 
    • Real Estate Agent (REA): A fully qualified and registered professional who has completed comprehensive training, examinations, and practical experience. An REA can own and operate their own real estate agency firm and hire up to 50 Real Estate Negotiators (RENs). They carry a blue identification tag.
    • Real Estate Negotiator (REN): An assistant to a licensed REA. RENs must complete a mandatory two-day Negotiator’s Certification Course (NCC) and obtain an official red identification tag from BOVAEA, but cannot work independently or manage their own agency. 
    You can verify the credentials of any property agent using the official BOVAEA portal to ensure you are dealing with a certified professional and avoid potential fraud. 

    Commitment

    Our Vision

    To help our clients to buy, sell, rent or lease their properties professionally.

    Our vision on becoming leader in the industry, creating exceptional lifestyles for clients, empowering agents to achieve success. We focus on becoming a technologically advanced, globally recognized, and reputable company known for innovation, reliability, and professionalism.

    Our visions :-

    Industry leadership: To be the top agency in Malaysia.

    Client success: To help clients achieve their dreams of buying, selling & investing in property.

    Innovative lifestyle development: To create unique, innovative, and sustainable communities and lifestyle concepts.

    Corporate advancement: To become a more advanced, IT-savvy, and globally relevant company.

    Empowerment: To provide training, support, and a framework for RENs to build successful, profitable, and confident careers.

    Contact Us :

    MIG REALTY E(3)1838 

    No 52-3B Jalan Pahat G 15/G

    Seksyen 15,  40200 Shah Alam

    Selangor.

    Phone : +6 012 213 6737

    Contact Us

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    • No 52-3B, Jalan G 15/G, Seksyen 15, 40200 Shah Alam, Selangor
    • +6 012 213 6737
    • Mon - Sun: 09:00 AM - 17:00 PM
      (By Appointment Only)