How to Become a Registered Real Estate Agent


Registered Real Estate Agents

Real Estate Agents are professionals who act as intermediaries between sellers and buyers of real estate/properties. The estate agent assists buyers to source for properties and markets properties for owners. In Malaysia, real estate agents may act on behalf of both vendor and purchaser and earn a professional fee for each successful transaction he completes be it property sales or rental. A Real Estate Agent has an Estate Agency license awarded by the Board and may recruit 20 Real Estate Negotiators to engage in property transaction for his firm. Application for another ten Negotiators can be made to the Board.

How to become a Real Estate Agent?

You need to register for the Estate Agents Examinations set by the Board of Valuers, Appraisers and Estate Agents Malaysia (BOVEA/LPPEH). You must obtain a pass in all 12 subjects of the examination. Upon passing the estate agent's examination, you need to register as a Probationary Estate Agent (PEA) and pass the Test of Professional  Competence (TPC). You will receive your real estate license upon completing these steps.

Path Towards Real Estate Agent Licence

 Step 1

Register for the Estate Agents Examinations set by the Board of Valuers, Appraisers and Estate Agents Malaysia (BOVEA/LPPEH).

 

Step 2

Obtain a pass in all six subjects for part 1, in an examination set by the Board of Valuers, Appraisers and Estate Agents Malaysia (BOVEA).

After passing all the six subjects in Part 1, candidates will be allowed to sit for the Part 2 of the examinations set by the Board of Valuers, Appraisers and Estate Agents Malaysia (BOVEA).

 

Step 3

Upon passing the estate agent’s examination, candidates are eligible to be registered as a probationary estate agent. Candidates only need to undergo 2 years of post-qualifying practical training and experience in Malaysia under a registered estate agent and attend the Test of Professional Competency.

 

Real Estate Agency Course

Entry Requirements

  • Open to Malaysians 17 years of age and above

  • No prior real estate knowledge or experience required

  • Minimum of SPM/MCE Qualification with: –

    • Passes in 5 subject where 3 of them should be credit level passes. – One of the credit subjects must be either Mathematics, Science, Accounts, Commerce

  • Other higher qualifications recognized by JPA will also be considered

The subjects for the examination are:-

Part 1

  • Building Technology I

  • Principles of Accounts

  • Introduction to Law

  • Property Taxation

  • Principles and Practice of Marketing

  • Principles of Economics

 

Part 2

  • Real Estate Agency Practice

  • Law Relating to Property

  • Principles of Valuation

  • Estate Agency Law

  • Land Economics

  • Building Technology II

 

Test of Professional Competence (TPC):

After the candidate has passed the two written examinations, a post qualifying practical experience of two years with a registered estate agency is necessary before being eligible to apply for the Test of Professional Competence (TPC). After passing this test the candidate will be qualified as a Registered Real Estate Agent.

 

Registration to Practice

In Malaysia, only a Registered Estate Agent with a valid practicing certificate can practice under a firm of his own or be employed by an estate agency firm. All partners/shareholders/directors of an estate agency firm must be registered estate agents with valid practicing certificates.

 

CLICK HERE TO REGISTER