What is LPPEH?
What is LPPEH? Why does every property agent talk about them?
1. Overview
BOVAEP is also known as the Lembaga Penilai, Pentaksir, Ejen Harta Tanah & Pengurus Harta (LPPEH). It is the body tasked with regulating the Valuers, Appraisers, Estate Agents and Property Managers in Malaysia. The Board of Valuers, Appraisers, Estate Agents and Property Managers was set up in 1981 under the purview of the Ministry of Finance, Malaysia. The setup and operation of this Board is governed by the provision of Valuers, Appraisers, Estate Agents and Property Managers Act 1981. Its primary function is to regulate the Valuers, Appraisers, Estate Agents and Property Managers practicing in Malaysia.
2. The Functions
To keep and maintain the Register of Valuers, Appraisers, Estate Agents and Property Managers, Probationary Valuers and Probationary Estate Agents and firms of Valuers, Appraisers and Estate Agents.
To approve and reject applications for registration.
To hold disciplinary proceedings.
To conduct examinations.
To prescribe Scale of Fees.
To regulate the professional Conduct/Ethics of Valuers, Appraisers, Estate Agents and Property Managers.
To award scholarships
3. Board Member
Visit https://lppeh.gov.my/WP2016/board-members/ to see the latest board members.
4. How Can I Verify My Property Agent?
You can conduct a search at LPPEH Search under Negotiator Search. Alternatively, call BOVEAP during the office hours at 603-22876666.
The other way is to ask for their REN TAG. The Quick Respond (QR) code on the tag can be verified using a smartphone. It contains all the negotiator's information including their photograph. If the negotiator is registered with LPPEH, he/she will be given a valid tag with active years.
5. What Is NCC ?
The Negotiators Certification Course (NCC) is for those who want to join the real estate industry for the first time. Upon completion of this 2-day training course by a registered institution, the negotiators will receive a certificate of attendance from the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP). They will be taught the basics of estate agency best-practice, laws, and regulations. A negotiator must be attached to a registered real estate firm in order to work within the industry. Currently, the LPPEH hasn't imposed an examination in NCC.
6. What Is REN TAG?
REN Tag is an identification tag issued to a Real Estate Negotiator (REN). It contains all the information including their name, photo, IC no, REN no, firm name, firm registration no, quick respond code (QR) and security features, This tag must be worn by the REN at all times during their conduct of business. The negotiators are required to renew their ren tag on a yearly basis by attending a CDP Training Programme prepared by the LPPEH.
