Zoom

Property agent card powered by evolis primacy card printer in malaysia, make sure you get your new house from valid property agent in Malaysia

25/Aug/2014
New ID Tag System to Protect Buyers start from May 05, 2014

A new identification (ID) tag system for genuine real estate agents and negotiators will be implemented this month, said the Board of Valuers, Appraisers and Estate Agents (BOVAEA).

The move is in line with efforts to enhance professionalism within the real estate industry, which is valued at over RM100 billion, and protect buyers from being deceived by illegal agents and negotiators.

To date, over 50 percent of the property transactions in Malaysia are being handled by illegal agents.

According to Foo Gee Jen, honorary secretary of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), who is also a board member of BOVAEA, the board receives around 60 complaints per month relating to various misconducts by illegal agents and negotiators.

These include misrepresentation of property size, failure to return deposits and miscalculation of assets valuations.

In 2012, the value of property transactions within the country reached RM142 billion. Out of that figure, 60 percent was handled by illegal agents, said Foo.

He revealed that it will cost BOVAEA over RM1 million to introduce the ID tag, which will include details of the property agent or negotiator, like his or her firm’s name and identification card number.

The ID tag will also include a Quick Response code, which will allow buyers to double-check the details online through their smartphones.

While the tag is not a licence, there is an annual registration fee of RM100. Applicants are mandated to attend a course and submit their application along with their certificate of attendance.

So far, around 16,500 people have attended the course and only 12,000 applied for registration as negotiators, said Foo.

by: Pang
Date 
Icon 
Title 
09/Nov/2022IconMaintenance service for ID card printer you purchase, we make sure you purchase the printer, and your staff know how to use it to the maximum possible situation.
16/Dec/2021IconEvolis is launching the new Primacy 2 before the year 2021 ends to bring you a better performance printer.
20/Jul/2021IconAre you looking for covid-19 vaccination card printing solution offered by evolis for your country? contact us today on the ready to implement solution.
28/Jun/2021IconNew ribbons and options for Avansia available
26/Jun/2021IconWhat is the advantages of signature pads in banking and finance institution? How to use it?
26/Jun/2021IconInstant Issuance Of Personalized Bank Cards
26/Jun/2021IconPrint your student ID and access cards on demand!
26/Jun/2021IconInstant Card Personalization With Self-Service Terminals
26/Jun/2021IconIdeal for you to design and create your organisation ID card or membership card, impress your ideal for your organization by 10 seconds flash view
26/Jun/2021IconRemember to via ALC TEchnologies Pte Ltd at PrintPack + Sign 2016 at Marina Bay Sands Singapore exhibition
Page 2 of 4 (34 items)Prev1[2]34Next
Related Products
PRIMACY