PETALING JAYA (Oct 20): The Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA) will be participating in this weekend’s Mapex property exhibition to help buyers with queries on the real estate industry.
In a statement, BOVAEA said its representatives will be present at Mapex, which will be held at the Mid Valley Exhibition Centre from Oct 21 to 23, to provide visitors with information and advice, including tips on choosing the right real estate agent or negotiator.
“Over the years, the growing demand for real estate saw a mushrooming of illegal brokers who are not certified or registered with the board, hence cases of cheating and absconding have increased.
“As a regulatory body, it is the task of BOVAEA and its estate agents to help the public understand the intricacy of the real estate profession,” said BOVAEA Estate Agency Practice Committee chairman Eric Lim Chin Heng.
According to BOVEA, buying or selling a property without basic field knowledge can lead to complications including being scammed by illegal brokers.
“We believe in educating our buyers to make the right choices that will help them protect their interest when purchasing properties. We are here to ensure the industry grows with capable agents who are qualified and certified for the job,” added Lim.
During the exhibition, visitors can also lodge complaints against illegal brokers with the board.