OPINION /// 52
between an Agent and an Illegal Broker . Any misrepresentation of the term may cause confusion , distrust , and bring disrepute to the image of the Real Estate profession . We seek your kind cooperation on this matter ”, asked President Boon Ping .
MIEA has made thousands of statements and are even in the midst of carrying out our own public awareness campaign called # MYREALAGENTS . We have strongly advised all Malaysians who are planning to engage in property transactions to use the services of a Registered Estate Agent ( REA ), Probationary Estate Agent ( PEA ) or Real Estate Negotiator ( REN ).
MIEA President Lim Boon Ping )
“ To unilaterally say that a real estate agent does something fraudulent is a serious matter and the fact needs to be established whether they are truly ‘ Registered Agents ’ or ‘ Illegal Brokers ’. Illegal brokers are out there for quick profits and they are not trained nor recognized nor authorized to do any real estate transaction . MIEA has identified 13 ways the public can be scammed ( please refer to www . myrealagents . com for more information ) and we ask the media to be accurate and sensitive in their statements and to differentiate
MIEA also encourages Malaysians to seek the assistance of MIEA to verify whether the ones you are dealing with is legally an AGENT . The number of complaints received by MIEA has increased by 30 % during the MCO and RMCO period but there are still members of the public who are willing to risk their life savings or go into financial ruin by placing their trust in those who are not authorized or certified by law to carry out real estate transactions .
REAs and RENs are trained to be professional and ethical in their business
PROPERTY360DIGEST E-MAGAZINE ISSUE # 6