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Real Estate License FAQs

Who are real estate agents?

Real Estate Agents are professionals who act as intermediaries between sellers and buyers of real estate/properties. The estate agent assists buyers to source for properties and markets properties for owners and earn a professional fee for each successful transaction he completes be it property sales or rental. A registered estate agent is also able to own and operate a real estate agency and recruit negotiators to work under him.

In Malaysia, Real Estate Agents must be registered with the government. The first step to being registered is to study for the Diploma course offered by Good Institute. Find out more by referring to this link.

How do I become a Real Estate Agent?

Firstly, you need to register for the Estate Agents Examinations set by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP). You must obtain a pass in all 12 subjects of the exam. Upon passing the estate agent's examination, you need to register as a probationary estate agent and pass the Test of Professional Competence. You will receive your real estate license upon completing these steps.

Good Institute currently provides the best preparation course for the real estate license with the top student in the entire Malaysia for the last 8 years from us. Call us now at 03-5880 5052 / 017 222 5991 to find out more. Please refer to this link for more information.

Why do I need an Estate Agency License?

The law requires every Real Estate Agency to be run by Registered Estate Agents. Each estate agent may recruit 50 negotiators to work under their supervision. The Estate Agency License also increases confidence of clients. It is a recognition by the Board that the individual's knowledge and skills have reached a professional level. License holders may setup their own agencies and receive full compensation for their own transactions too. Individuals who wish to practice without a license may join a real estate agency as a real estate negotiator. They however will be required to pay a significant portion of their professional fees to the agency. They are also not allowed to recruit personnel. Call us now at 03-5880 5052 / 017 222 5991 to find out more.

How long does it take to complete this course?

Candidates may complete the course within 2 years with a 2 year probation period after. The exams are conducted once a year.

Who awards this Diploma?

The Board of Valuers, Appraisers, Estate Agents and Property Managers. They are the ones who prepare the Estate Agency Diploma Examinations as well. We assist students to excel in this exam by providing lectures, past year Q&A and study materials. The top student in the entire Malaysia for the past 8 years have been students at Good Institute.

Why should I enrol with Good Institute?

Our Real Estate Diploma course is developed by lecturers and industry practitioners with an average of 25 years experience. Students benefit from the practical advice and knowledge shared by the industry experts.

Candidates are also assured of our high quality materials and lectures. As a testament of our quality, the top student in the entire Malaysia for the past 8 years have been Good Institute students.

Good Institute provides a flexible schedule for both part time and full time students, where classes are repeated weekly ensuring busy candidates having a few options to choose from for each lecture.

For students who live far away from Good Institute offices, the online distance learning option is ideal for study at home or anywhere at your convenience and yet being assured that you are getting the best quality education possible for your real estate education.

Always invest in the best for yourself!

Call us now at 03-5880 5052 / 017 222 5991 to find out more.

When is the deadline for your course intake?

Good Institute has intakes all year round with majority of students joining us in March, June, September and December. It is recommended to sign up as early as possible so that you get the most preparation for the exam and get your license in the shortest time possible.

Can I study this course Part Time?

Yes, you can study the BOVAEP Estate Agent Diploma course on a part-time basis. Good Institute provides weekday and weekend classes to suit your busy schedule. Students can attend classes using our flexi-timing schedule.

For outstation students, Good Institute provides a online distance learning option. Our course is available to students from across Malaysia and around the world. Call us now at 03-5880 5052 / 017 222 5991 to find out more about how this works.

When will I receive my Diploma?

Candidates receive their Diploma in Estate Agency certificate upon passing all the 12 subjects. A convocation is held each year for this award ceremony.

What do you provide within your Real Estate License Diploma course?

We provide you the best lectures, concise study materials inclusive of past year Q&A and past year exam analysis. Should you have any questions after lecture, you may also access our online forum to post questions for discussion. All this help ensure you are fully prepared for the Malaysia real estate license diploma examination set by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP). Distance learning students also can learn from the comfort of their home through the newly enhanced online distance learning package Good Institute offers.

What subjects are covered in this real estate course?

There are a total of 12 subjects to complete the course. They are split into Part 1 and Part 2.

The 6 subjects in Part 1 are Principles of Accounting, Introduction to Law, Principle of Economics, Property Taxation, Principles and Practices of Marketing, and Building Technology 1.

The 6 subjects in Part 2 are Land Economics, Estate Agency Law (Professional Practice), Principles of Valuation, Laws Relating to Property, Real Estate Agency Practice, and Building Technology 2.

What is this crash course and trial exam that I hear my friends talking about?

The crash course and trial exam is a special preparation program we provide to all of our students. The classes are held before the board's examination to provide full revision to students and also giving them a chance to experience how the real estate examination is conducted.

What are the entry requirements for the real estate license diploma examination?

The real estate board (BOVAEP) has stated that the minimum entry requirements are:

  • Persons 17 years old and above
  • Pass in Bahasa Malaysia at SPM level or equivalent
  • 5 passes in SPM or equivalent qualification
  • 3 credits with at least one of the credit subjects in Mathematics, Science, Accounts or Commerce.
  • Candidates with other qualifications may also check with the Board on whether they can use that certificate as entry requirement.

How do I pass the BOVAEP Estate Agent Examinations?

The passing mark for each subject paper is 50%. Good Institute will prepare you well for these real estate examinations. You will need to pass all six Part 1 subjects before proceeding to take Part 2 subjects. One you have passed the six Part 2 subjects, you are deemed to have passed the BOVAEP Estate Agent examinations and will be awarded a diploma in estate agency.

When are the exams held?

Exams are held once a year generally during the month of August each year. Exception was during the year of 2022 where there were 3 exams held for the 2 years (2020,2021) where exams were not held during the pandemic as well as the current year (2022) exam.

How are the exams conducted?

The exams are conducted physically in designated exam centres in Malaysia. There are exam centres located in Klang Valley, Penang, Johor Bahru, Sabah and Sarawak.

What language are the exams conducted in?

The exam paper shall be in two (2) languages ie English and Malay. Students are allowed to answer the questions in either English or Malay. Good Institute’s classes and materials are all in English. Therefore, most of Good Institute students answer the exam questions in English.

What is the passing mark for the exam?

The passing mark for the exam is 50% and there are also students are not required to answer all questions in the exam. There are question choices for each paper and students may choose questions they are more confident in answering. Get study tips from Good Institute lecturers on how to choose questions to answer in the exam and how to answer exam questions in the best way for you to pass your exam and even to become the next top scorer in Malaysia for the real estate exams.

Is it easy for students to pass all 6 subjects in 1 seating?

Yes and No.

It is easy for students to pass all 6 subjects in 1 seating if the student studies using the right method and the right materials. Good Institute has simplified the materials, prepared all the materials which are tried and tested to enable students to pass the exams easily, all delivered with effective lecturers. Many Good Institute students pass all 6 subjects in one seating and all the no 1 top student in Malaysia for the past 8 years are Good Institute students.

However, it is not easy for students to pass all 6 subjects in one seating if they do not attend classes or do not use a proper method and materials to study for the course. This may result in some people who may think that the course is not easy to pass.

Good Institute is the best place to help you to to pass easily and maybe be the next top scorer in Malaysia.

When is the right time to start taking this course? Is now the right time?

The real estate license can help you to earn a steady monthly income, have more flexible time and even become a future real estate millionaire. The opportunity to open up your own real estate agency and be an estate agency boss is also an option for you. The first step to getting the real estate license is to first obtain your Diploma in Estate Agency (Part 1 + Part 2 qualification). Therefore, the sooner you complete your qualification the sooner you can be registered and get your real estate to generate more income for yourself.

Don’t forget that your 2 year probation period which requires you to get real experience in real estate can only commence after you get the Diploma in Estate Agency. Therefore, for those who are looking to start practicing as a real estate negotiator (REN) can consider starting this course early so that all your work experience can be taken into account and you may get your license earlier.

In addition to gaining the license at the end, after completing the course and even while studying the course, you can wow your clients with your extra knowledge on real estate and that extra advantage compared to the other RENs in the market will enable you to close more deals.

So, the sooner you start the better it is for you so that you can gain the benefits of the license sooner. No matter if you are a newbie to real estate or an experienced professional, the knowledge gained will help you in your real estate career for a lifetime. As an added bonus, having the coveted license will also bring you additional monetary benefits for you.

Who is this course suitable for?

This course is suitable for everyone above the age of 17 years old who wants to be in the real estate industry and get the real estate license. The real estate license enables you to open up your own real estate agency or simply to enjoy a comfortable recurring monthly income. Those who are above the age of 17 years old are eligible to sit for the exams. However, you need to be above 21 years old to be a Registered Estate Agent ie license holder. Those who are 17 years old may take the exams first and be registered as a Registered Estate Agent when they are 21 years old.

Good Institute has students across all ages from 17 years old up to students who are in their 60s. As can be seen from our top scorers, they are of different ages and gender. Be it young or old, anyone can pass the exams and even be a top scorer.

Is it better to study online or take the physical class option for the Part 1 + Part 2 Diploma is Estate Agency real estate license course?

Students wanting to study for the course at Good Institute have the option of choosing either the online mode of study or the physical class mode of study.

The online class give students the flexibility to study anytime and anywhere. Therefore, students can study on the go whenever they have free time during their work breaks, study breaks and even when they are travelling. It is also suitable for those who live far away from Good Institute. There is also opportunity for students to ask questions to lecturers online or even meet the lecturer face to face for tutorial sessions.

The physical class allows students to meet the lecturers face to face for all lectures and tutorials so students can ask all the questions that they need to the lecturers. However, these classes are on a fixed class timetable on Saturdays at Good Institute, Subang Jaya. Nevertheless, if students are unable to make it for the live classes, there are also options for students to replace them.

On which mode of study is better? Is studying online better or attending class physically better?

It all depends on

  1. the individual student’s physical distance to Good Institute and ability to come for physical class in Subang Jaya
  2. personal preference of study type – some prefer to see the lecturers face to face while others prefer the convenience of studying online
  3. the individual’s time availability – eg a busy and constantly travelling working professional vs a retiree would have different time availability

Good Institute recommends that students choose their mode of study according to their own personal preference, lifestyle and individual circumstances because what works best for you or is the most convenient is the best study method for you.

What does it mean to be a Top Scorer for the Board exams? (Diploma in Estate Agency – Part 1 + Part 2)

The top scorer award is given to one person per year by the government of Malaysia (ie the Board) as a recognition for being the person who scores the highest marks in both the Part 1 and Part 2 exams. This award is awarded during the annual graduation ceremony held once a year. This special award is an honour for the student receiving it as it is a recognition of his / her achievement of being the best in that year’s cohort across Malaysia. A special certificate and plaque is normally awarded to this student by the Board. Good Institute also celebrates together with the top students who have all come from us in the past 8 years and these students will receive a prize from Good Institute for their achievement.

How many RENs (Real Estate Negotiator) can a REA (Registered Estate Agent) hire?

One registered estate agent (REA) can employ up to 50 RENs (Real Estate Negotiator). Should an real estate agency have more than 50 RENs, there shall be more Registered Estate Agents (REA) working in the real estate agency.

What will I be learning or what knowledge will I gain in taking these classes?

You will be learning all these and more in Good Institute classes

  • Real estate investment evaluation and selection
  • How to sell property and how to rent property
  • Real estate tips from real estate industry experts including real estate agents, property lawyers and valuers
  • How to open and run an estate agency
  • How to do marketing for real estate and how to keep your customers coming back to you
  • Construction and maintenance of buildings
  • How property and land taxes work in Malaysia and how you can save money on taxes
  • What strata property owners should know about the Strata Titles Act
  • How valuers value properties
  • How does the property market and its various price mechanisms work
  • The economics of development and redevelopment of property
  • Factors affecting rental prices and capital values of property
  • Practical case studies about issues relating to real estate

Course Schedule
  • Flexible timing options
  • Weekday and weekend classes
  • Online distance learning
Entry requirement
  • Open to persons 17 years of age and above
  • Minimum of SPM/MCE Qualification with passes in 5 subjects where 3 of them should be credit level passes. One of the credit subjects must be either Mathematics, Science, Accounts, Commerce
  • Pass in Bahasa Malaysia at SPM level or equivalent

Good Institute Kuala Lumpur

E-10-04 (Level 4), Subang Square,

Jalan SS 15/3B, 47500 Subang Jaya,

Selangor, Malaysia.

Tel: +603 5880 5052