Understanding the Distinction: Real Estate Negotiator, Probationary Estate Agent, and Registered Estate Agent in Malaysia

In Malaysia, there are key differences between a Real Estate Negotiator (REN), Probationary Estate Agent (PEA), and Registered Estate Agent (REA), primarily relating to their qualifications, roles, and responsibilities. Here’s a breakdown:

Real Estate Negotiator (REN)

• Role: RENs are individuals who work under a Registered Estate Agent (REA) and assist in property transactions, such as selling, renting, or leasing properties.

• Qualifications: RENs are not required to have a formal estate agency qualification. However, they must complete a two-day course from the Board of Valuers, Appraisers, Estate Agents, and Property Managers (BOVAEP).

• Certification: Upon completion, they receive a REN tag, which includes a registration number and can legally operate under the supervision of an REA.

• Responsibilities: RENs handle day-to-day negotiations and marketing but cannot own or operate an estate agency.

Probationary Estate Agent (PEA)

• Role: PEAs are individuals in the process of becoming a Registered Estate Agent (REA). They are on a two-year probation after passing the required exams (Part 1 and Part 2) but before receiving full REA status.

• Qualifications: PEAs must pass both parts of the Estate Agent Exams, which are conducted by BOVAEP, and complete a two-year probationary training under a licensed REA.

• Certification: They receive a PEA tag during the probation period but are not yet fully qualified to operate their own agency.

• Responsibilities: PEAs are allowed to handle real estate transactions but under the supervision of an REA. They are learning to develop the skills and experience needed for full registration.

Registered Estate Agent (REA)

• Role: REAs are fully qualified and licensed professionals who are legally allowed to own, manage, and operate their own real estate agency.

• Qualifications: To become an REA, one must pass both Part 1 and Part 2 of the Estate Agent Exams, complete a two-year probation period as a PEA, and submit a work log and professional interview to BOVAEP.

• Certification: REAs are issued a license by BOVAEP, allowing them to practice independently and supervise RENs and PEAs.

• Responsibilities: REAs can legally operate an estate agency, sign off on property transactions, and are responsible for the overall management and compliance of the agency.

  
  

Summary:

• REN: No formal exam, works under an REA, handles negotiations and property listings.

• PEA: Passed estate agent exams, in a two-year probation under an REA, preparing to become fully licensed.

• REA: Fully licensed and qualified estate agent, able to operate an agency and supervise RENs and PEAs.