BOVAEA has two (2) registers. One is the register for Valuers/Property Managers and the other for Estate Agents.
- Who is a Real Estate Agent (REA)?
A real estate agent (REA) is an individual who has attained the following requirements;
- Have passed part 1 & part 2 comprising of 12 papers
- Registered as a Probationary Estate Agent (PEA)
- Have completed two years of post-practical training with a Real Estate firm
- Have completed task 1 & 2 and
- Passed the test of professional competence (TPC) after which.
- whose name has been placed on a register in the Board as a Registered Estate Agent.
An estate agent can operate his/ her own Real estate firm.
Provide real estate service in selling, leasing properties or finding a property for the clients.
To employ up to 50 Real Estate Negotiators to assist the Real Estate Agent to providing Real Estate services.
- Who is a Real Estate Negotiator (REN)?
A Real Estate Negotiator (REN) is an individual who is employed by a Registered Estate Agent. They are not registered with the Board but certified to practice. They must attain the following requirements to be employed by the Real Estate firm
- They must attend a full two days course on real estate and will be issued a certificate of attendance.
- With the certificate they seek employment either on a contract of service or contract for service with a real estate firm.
- The real estate firm then, will apply for the Ren tag with the BOVAEA.
- BOVAEA will then certify and designate a REN number & issue a Tag to the REN, only then the REN can be employed by the firm and only then can they represent sellers, landlords, buyers & tenants in the sale and marketing of properties.