President Lim Boon Ping said: “While we are concerned about the number of scams that are increasing, we as an institute representing the 25,000 real estate practitioners across Malaysia, are concerned about the misrepresentation in press reports that real estate agents are cheating clients as in the three cases as reported. These are inaccurate statements.”
KUALA LUMPUR: The Malaysian Institute of Estate Agents (MIEA) is concerned about “misrepresentation” in press reports about real estate agents cheating clients, saying that by law, the term “real estate agent” refers to someone who has certain qualifications.
To be called a real estate agent, someone must have passed part one and two of the real estate exams over a minimum period of two years, undergone post practical training for an additional two years, and sat for a test of professional competence to be registered by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), MIEA said in a statement.
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