Board of the profession:

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Presentation transcript:

Board of the profession: Legislation of profession: Valuers, Appraisers and Estate Agents Act 1981 (Act 242) Board of the profession: The Board of Valuers, Appraisers and Estate Agents Malaysia.

History of the Board The Board of Valuers, Appraisers and Estate Agents Malaysia 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 and Estate Agents Act 1981. Its primary function is to regulate the Valuers, Appraisers and Estate Agents practising in Malaysia.

The Functions of The Board are: To keep and maintain the Register of Valuers, Appraisers and Estate Agents, 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 and Estate Agents. To award scholarships

Number of Firms & Registered Members & Probationary Members (Active) Type Firms and Numbers: Valuer & Estate Agent (VE) - 288 Valuers (V) - 72 Appraisers & Estate Agent (AE) - 10 Estate Agents (E) - 885 Estate Agent & Property Management (EPM) - 8 Property Management (PM) - 39

The Institution of profession: 1 The Institution of profession: 1. Institute of Surveyor Malaysia (ISM) 2. Malaysia Institute of Estate Agents (MIEA) The Standard of Profession: 1. Property Management Standards 2. Malaysian Valuation Standards

Number of Firms & Registered Members & Probationary Members (Active) Licence Type and Number of Members: Registered Valuers (V) - 640 Registered Appraisers (A) - 19 Registered Estate Agents (E) - 1545 Probationary Valuers (PV) - 572 Probationary Estate Agents (PEA) - 281