Taking a more proactive, on-ground approach, the Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA) will be participating at the upcoming Malaysia Property Exposition (MAPEX), which will be held in Mid Valley from this Friday 21st of October 2016 until Sunday the 23rd of October 2016.
This is to help buyers with queries on the real estate profession, discuss challenges faced by the public as well as share tips on how to choose the right agent or negotiator.
Representatives from the Board will be present to provide booth visitors with more information and advice at MAPEX
BOVAEA Estate Agency Practice Committee (EAPC) chairman Eric Lim Chin Heng said “Over the years, the growing demand for real estate saw a mushrooming of illegal brokers who are not certified and registered with the board, hence cases of cheating and absconding have increased.
“As a regulator body has been legally set in place by the government, it is the task of BOVAEA and its estate agents to help the public understand the intricacy of the Real Estate profession,” he added.
Buying or selling a property with no basic knowledge of the field can lead to a number of complications including the possibility of being cheated by illegal brokers. Such incidents can easily be avoided if new property buyers or sellers are knowledgeable enough to assess the credibility and reliability of agents by asking the right questions.
“We believe in educating our buyers to make the right choices that will help them protect their interests when purchasing properties. We are here to ensure that the industry grows with capable agents who are qualified and certified for the job,” said Lim.
He also said that the representatives from the board, a panel of distinguished and experienced agents have been selected to help spread the necessary information to the public. Their presence would not only strengthen the confidence among property buyers but will help them tap into the knowledge bank of some of the most resourceful property market players of our time.
Among the topics that will be discussed during the interactive sessions with the BOVAEA professionals are the Real Estate terms used, the benefits of working with Certified Real Estate Negotiators (REN) and a run-through of the profession.
This will also provide a platform for the public to raise their concerns and queries that will be addressed immediately.
During the exhibition, visitors are welcome to lodge complaints about real estate agents or illegal brokers they have encountered as well. BOVAEA is currently proactively looking at ensuring the professionalism and accountability of real estate agents are maintained for the benefit of the people.
“We have even produced an easy to use reference guide for the public and we will be distributing it for free during the exhibition,” said Lim.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
