Who is BOVAEP?

BOVAEP stands for the Board of Valuers, Appraisers, Estate Agents, and Property Managers, which is the regulatory body in Malaysia responsible for overseeing and governing the professions of valuers, appraisers, estate agents, and property managers. It ensures that these professionals are qualified, registered, and adhere to the laws and ethical standards of the industry.

Key Responsibilities of BOVAEP

1. Regulation and Licensing: BOVAEP regulates the practice of valuers, real estate agents (REAs), real estate negotiators (RENs), and property managers by issuing licenses and registrations to those who meet the required qualifications.

2. Examinations and Qualifications: It conducts the Estate Agent Exams and other relevant certifications for professionals to become registered estate agents or property valuers.

3. Disciplinary Action: The board has the authority to take disciplinary action against registered professionals who violate rules, engage in unethical practices, or break the law.

4. Public Protection: BOVAEP helps protect the public by ensuring only qualified and registered professionals are allowed to practice, thus preventing fraud and malpractice in the real estate industry.

   
   

In summary, BOVAEP plays a crucial role in maintaining the standards and integrity of Malaysia's property and real estate industry by regulating its professionals.