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What You Need to Know
Frequently Asked Questions
How to Become a Property Agent / Real Estate Negotiator (REN) in Malaysia?
To become a property agent in Malaysia, you need to:
- Meet the Eligibility Requirements – You must be at least 18 years old and work full-time with a registered real estate firm.
- Complete the Negotiator Certification Course (NCC) – Attend the two-day NCC training conducted by an approved provider listed on the Board of Valuers, Appraisers, Estate Agents, and Property Managers (BOVAEP) website.
- Apply for REN Registration – Your registered real estate firm must submit your application to BOVAEP, including the NCC certificate, letter of employment/engagement, and the prescribed application form.
- Obtain Your REN Tag – Once BOVAEP approves your application, they will issue an official REN tag, which will be delivered to your registered firm.
At MIP Properties, we guide aspiring property agents through the entire process, ensuring you receive the necessary training, mentorship, and marketing support to kick-start your real estate career successfully.
What is a REN Tag?
A REN tag is an official identification tag issued by BOVAEP to certified Real Estate Negotiators (REN). It serves as proof that the individual is legally registered and authorized to practice real estate negotiations in Malaysia. The REN tag contains the negotiator’s name, photo, REN number, and firm details. It must be worn at all times when conducting real estate transactions to ensure transparency and professionalism.
At MIP Properties, we guide aspiring property agents through the entire process, ensuring you receive the necessary training, mentorship, and marketing support to kick-start your real estate career successfully.
What is a REA (Registered Estate Agent)?
A Registered Estate Agent (REA) is a real estate professional who has completed formal education in real estate, passed the BOVAEP examinations, and obtained a real estate license to operate independently. REAs can establish their own real estate agencies, manage RENs, and provide valuation or property management services.
What is the Difference Between a REA and a REN?
A Real Estate Negotiator (REN) and a Registered Estate Agent (REA) have distinct roles, qualifications, and legal responsibilities in the Malaysian real estate industry.
A REN is required to complete a 2-day Negotiator Certification Course (NCC), whereas a REA must obtain a Diploma or Degree in Real Estate and pass the BOVAEP examinations. Unlike REAs, RENs do not need a license but must be registered with BOVAEP and work under a licensed REA.
RENs cannot own a real estate firm and must operate under a registered agency, while REAs can run their own real estate agency independently. Additionally, RENs are only allowed to facilitate real estate transactions, whereas REAs can provide property valuation services, manage properties, and conduct real estate transactions with full legal authority.
What is the Function of BOVAEP?
The Board of Valuers, Appraisers, Estate Agents, and Property Managers (BOVAEP) is the governing body that regulates and oversees real estate professionals in Malaysia. Their main functions include:
- Registering and licensing Real Estate Negotiators (REN) and Registered Estate Agents (REA)
- Ensuring compliance with industry regulations
- Taking action against unlicensed or unethical practices
- Protecting consumers by maintaining professional standards in real estate transactions
Can I Be a Part-Time Property Agent in Kuala Lumpur?
Yes, you can become a part-time property agent in Kuala Lumpur. Many agents start part-time to explore the industry while maintaining other commitments. At MIP Properties, we offer flexible career options, allowing you to work as a part-time property agent while still accessing our full range of training and support resources.
How Much Does a Property Agent Earn in Malaysia?
A property agent’s earnings vary based on experience, network, and deal closures. On average, a property agent in Malaysia can earn anywhere between RM3,000 to RM10,000 monthly, with top-performing agents making six-figure incomes annually. At MIP Properties, our transparent commission structure helps agents maximise their earnings with no hidden deductions.
How Does Property Agent Commission Work in Malaysia?
In Malaysia, property agents typically earn a commission from successful property transactions. The commission is generally 2-3% for sub-sale properties and varies for project sales based on developer agreements. MIP Properties ensures full commission transparency, allowing agents to maximise their earnings without hidden fees.
