Any person who aids and abets in the commission of an offence under Section 30(j) of the Act, is committing an offence and is liable upon conviction to a fine not exceeding RM300,000 or imprisonment for a term not exceeding 3 years or both.
Any person who acts in contravention of section 22(c) commits an offence under Section 30(i) of the Act and is liable upon conviction to a fine not exceeding RM300,000 or imprisonment for a term not exceeding 3 years or both.
Any foreign property being approved to be marketed in Malaysia is required to display the BOVAEA approval number, example LPPEH/88/8888/KL. Separate application is required for different venue which is only valid for one month from date of approval.
Foreign real estate agents or developers cannot sell property on their own in Malaysia. They are required to engage a local registered real estate firm to market any foreign properties. The local firm is required to make an application with BOVAEA and required to be present a all times in the exhibition hall.
Flyers or leaflets distributed by negotiators shall contain the company name, firms E registration number and the REN No. Do not respond if the flyers or leaflets do not contain these information.
Flyers are permitted under the following conditions:
- The contents in the flyer shall specify the types of property for sale/rental/lease or wanted.
Besides the normal company details, the name card shall also display the Firm E registration number and the REN number.
Yes, they can. Majority of these are primary properties or new projects. However, they are required to wear the REN Tag at all times
Absolutely Yes. Take a photo of the signboard and send it to BOVAEA. Please indicate the street name, date and time including your name and contact no. BOVAEA will verify it before sending it to Malaysia Communication and Multimedia Commission (MCMC) who will then suspend and bar the mobile no.
These signboards are done by the illegal brokers. REN are not allowed to put-up signboards on lamppost and tree trunks.
All advertisements posted by a REN must contain the company E registration no with BOVAEA and REN Number besides their mobile no. Do not respond to any advertisement if it does not contain all these information. It is considered as illegal for any advertisement to not follow the requirement above except advertisements by property owners.