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Real estate agents to wear identification tag

Real-Estate-Agents

In a bid to stem the rise of illegal agents, all registered real estate negotiators are now required to wear the identification tag issued to them by the Board of Valuers, Appraisers and Estate Agents (BOVAEA).

Starting this month, “all the negotiators, including project marketing staff who sell property for developers in the sales gallery, shopping complexes, hotel function room or exhibition halls are required to wear the tag,” Eric Lim, Estate Agents Practise Committee chairman, said at yesterday’s launch of the public awareness campaign for the national registration exercise of real estate negotiators.

“The tag contains a specially-assigned REN (real estate negotiator) number and quick response (QR) code, which can be verified on any QR code reader or mobile application,” said Lim, who is also an exco member of the BOVAEA.

Initiated last October, the national registration exercise saw over 10,000 real estate negotiators register with BOVAEA and issued with identification tags.

BOVAEA noted that it was important for the public to insist on seeing the real estate negotiator’s identification tag and scan the QR code for verification every time they engage the services of a real estate firm.

It also underscored the importance of appointing only registered estate agents or authorised real estate negotiators in order to ensure that their rights and interest are protected.

Notably, the identification tag comes with some security features to prevent it from being imitated, he said.

Effective June 2014, individuals wanting to become real estate negotiators will have to attend a two day “real estate negotiators certification course” for them to be registered with BOVAEA, added Lim.

In the long run, the national registration exercise will make real estate negotiators more responsible and accountable, said Deputy Finance Minister Datuk Ahmad Maslan.

“It is also expected to result in the public having more confidence in the profession and reduce the number of complaints.”

 

*source from PropertyGuru Malaysia on Jun 26, 2014