Saturday, September 5, 2009

REAL ESTATE AGENTS' LICENCE

The Board of Valuers, Appraisers and Estate Agents (BOVEA), (www.lppeh.gov.my ) under the Valuers, Appraisers and Estate Agents Act 1981 (Act 242) is the licensing authority of Real Estate Agents (REA). Although, there are a few diplomas from local universities recognised by the BOVEA, the requisite examinations for the purposes of registration is the Estate Agents' Examinations (EAE) of the BOVEA.

These examinations are conducted once a year by the BOVEA and are in two parts. Part One is the First Exam and comprises 6 papers, which are:

1 Principles of Accounting
2 Building Technology 1
3 Principles of Economics
4 Principles and Practice of Marketing
5 Introduction to Law
6 Property Taxation

Part Two of the examinations also comprise 6 papers and these are:

1 Building Technology 11
2 Estate Agency Law
3 Laws Relating to Property
4 Real Estate Agency Practice
5 Principles of Valuation
6 land Economics

Part One of the written examinations must be completed before Part Two can be taken. Three (3) years' time is given for each candidate to pass each of the examinations. Candidates can take all or at least two subjects at a time. Passing marks are 50%.

After passing the written examinations, a candidate is required to work supervised by a registered REA, and must fulfil the Test of Professional Competence of the BOVEA before an authority to Practice is issued.

The basic entry qualifications for the written examainations are:

Sijil Pelajaran Malaysia or its equivalent with not less than three (3) credits and two (2) passes. One of the credits shall be in either Mathematics, Science, Accounting or Commerce.

For examination particulars please visit www.lppeh.gov.my

For coaching and training in the examinations
contact muarm@yahoo.com
Tel +6012 2999 822

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