The Board of Valuers, Appraisers and Estate Agents Malaysia

In Malaysia, all practicing estate agents must be approved and registered with the Board of Valuers, Appraisers and Estate Agents. Currently there are approximately 2,000 estate agents registered with the board.

Overview
The Board of Valuers, Appraisers and Estate Agents Malaysia was set up in 1981 under the purview of the Ministry of Finance, Malaysia. The setup and operation of this Board is governed by the provision of Valuers, Appraisers and Estate Agents Act 1981. Its primary function is to regulate the Valuers, Appraisers and Estate Agents practicing in Malaysia.

Functions

* To keep and maintain the Register of Valuers, Appraisers and Estate Agents, Probationary Valuers and Probationary Estate Agents and firms of Valuers, Appraisers and Estate Agents.
* To approve and reject applications for registration.
* To hold disciplinary proceedings.
* To conduct examinations.
* To prescribe Scale of Fees.
* To regulate the professional Conduct/Ethics of Valuers, Appraisers and Estate Agents.
* To award scholarships

As a regulator body, the board helps ensure that the profession adheres to a general code of conduct and ethics to protect the interest of property buyers.

For more information about the Board of Valuers, Appraisers and Estate Agents, kindly refer to http://www.lpph.gov.my




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