Posted on : 26 Oct 2020
Exploring a new career? Why not consider a real estate career. Here is everything you need to know about becoming a property agent or a real estate agent in Malaysia.
You may have come across the terms REA or REN while exploring and understanding the real estate industry in Malaysia. An important step in understanding this career as a property agent is to find out what is the difference between a Real Estate Agent (REA) and a Real Estate Negotiator (REN) in Malaysia.
RENs are individuals working under a licensed real estate agent (REA) and registered with the Board as Real Estate Negotiators (REN). Examples of work that could be done by RENs are, market and sell properties for property owners or to rent out units for landlords. A REN can also assist to source for properties to buy for buyers and for properties to rent for tenants but must be under the supervision of a registered estate agent (REA).
In order to be registered as a REN in Malaysia, it is mandatory to attend a 2-day real estate course known as the Negotiator Certification Course (NCC) in order to obtain a REN tag, which is a practicing tag which need to be worn by the REN at all times while conducting their business. Anyone practicing estate agency without a tag may be jailed or fined up to RM300,000. The NCC course is sometimes known as the REN tag course on the field as this is the course that a REN needs to take in order to get a REN tag.
The 2-day NCC course is offered by Good Institute who is an authorised provider of the course by the Malaysian government under the Board of Valuers, Appraisers, Estate Agents and Property Managers Malaysia. Upon completion of the 2-day course, attendees will receive a Certificate of Attendance.
This certificate of attendance will then be used to apply for the REN tag by a real estate agency. Individuals do not need to be attached to an agency before attending the course and the attendee may decide on a suitable estate agency to join later.
REAs are individuals who are registered with the Board (BOVAEP / LPPEH) as real estate agents. They have the Diploma in Estate Agency qualification and have met the minimum experience, expertise and standards set by the Board.
With the real estate license, these registered estate agents are able to :
To be qualified as a REA, you may follow the following steps:
Before embarking on your real estate career, take time to learn more about the industry. The benefits of being the real estate industry are extremely attractive and able to attract many to embark on a career in real estate. However, a professional that is able to stand out from the rest will ultimately become the top real estate agent.
Do you want to learn more about:
Sign up and attend the Good Institute FREE online preview to find the answers to these questions.
Good Institute Kuala Lumpur
E-10-04 (Level 4), Subang Square,
Jalan SS 15/3B, 47500 Subang Jaya,
Office Hours: +603 5880 5052
Good Institute Johor Bahru
42B, Jalan Sutera Tanjung 8/3,
Taman Sutera Utama,
81300 Johor Bahru, Malaysia
Tel: +607 571 5247
Hotline: +6012 558 2400