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Under the cover of technology and innovation, real estate organisations are warning the public to be cautious of unlicensed brokers.

The Royal Institution of Surveyors Malaysia (RISM), the Association of Valuers, Property Managers, Estate Agents, and Property Consultants in the Private Sector Malaysia (PEPS), the Malaysian Muslim Real Estate Consultants Association (PEHAM), the Malaysian Institute of Property and Facility Managers (MIPFM), and the Malaysian Institute of Estate Agents were among the organisations (MIEA).

When engaging any person or persons to carry out real estate services such as selling, buying, renting, leasing, tenancy administration, and advisory services, the associations are urging members of the public to deal only with real estate agents and firms registered with the Board of Valuers, Appraisers, Estate Agents, and Property Managers (BOVAEP).

The statement served as a reminder, according to the groups, that there are persons who are not estate agents but are running estate agency operations unlawfully and utilising a variety of inventive strategies to do so.

 

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KUALA LUMPUR (Sept 9): Real estate associations are urging the public to beware of illegal brokers under the guise of technology and innovation.

The associations consisted of The Royal Institution of Surveyors Malaysia (RISM), The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), Malaysian Muslim Real Estate Consultants Association (PEHAM), Malaysian Institute of Property and Facility Managers (MIPFM) and Malaysian Institute of Estate Agents (MIEA).

In a joint statement yesterday, the associations are calling for members of the public to deal only with real estate agents and firms registered with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) when engaging any person or persons to carry out real estate services which include selling, buying, renting, leasing, tenancy administration and advisory services.

The associations said the statement served as a reminder that there are people who are not estate agents but are operating estate agency businesses illegally and using many forms of creative ideas to do so.

Source: Edge Prop

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