Real Estate License FAQs
1)Who are real estate agents?
Real Estate Agents are professionals who act as intermediaries between sellers and buyers of
real estate/properties. The estate agent assists buyers to source for properties and markets
properties for owners and earn a professional fee for each successful transaction he completes
be it property sales or rental. A registered estate agent is also able to own and operate a real
estate agency and recruit negotiators to work under him.
In Malaysia, Real Estate Agents must be registered with the government. The first step to being
registered is to study for the Diploma course offered by Good Institute. Find out more by referring
to this link.
2)How do I become a Real Estate Agent?
Firstly, you need to register for the Estate Agents Examinations set by the Board of Valuers,
Appraisers, Estate Agents and Property Managers Malaysia (LPPEH). You must obtain a pass in
all 12 subjects of the exam. Upon passing the estate agent's examination, you need to register
as a probationary estate agent and pass the Test of Professional Competence. You will receive
your real estate license upon completing these steps.
Good Institute currently provides the best preparation course for the real estate license with the
top student in the entire Malaysia for the last 5 years from us. Call us now at 03-5611 9671 to
find out more. Please refer to this link for more information.
3)Why do I need an Estate Agency License?
The law requires every Real Estate Agency to be run by Registered Estate Agents. Each estate
agent may recruit 50 negotiators to work under their supervision. The Estate Agency License
also increases confidence of clients. It is a recognition by the Board that the individual's
knowledge and skills have reached a professional level. License holders may setup their own
agencies and receive full compensation for their own transactions too. Individuals who wish to
practice without a license may join a real estate agency as a real estate negotiator. They
however will be required to pay a significant portion of their professional fees to the agency. They
are also not allowed to recruit personnel. Call us now at 03-5611 9671 to find out more.
4)How long does it take to complete this course?
Candidates may complete the course within 2 years with a 2 year probation period after. The
exams are conducted once a year.
5)Who awards this Diploma?
The Board of Valuers, Appraisers, Estate Agents and Property Managers Malaysia. They are the
ones who prepare the Estate Agency Diploma Examinations as well. We assist students to excel
in this exam by providing lectures, past year Q&A and study materials. The top student in the
entire Malaysia for the past 5 years have been students at Good Institute.
6)Why should I enrol with Good Institute?
Our Real Estate Diploma course is developed by lecturers and industry practitioners with an
average of 25 years experience. Students benefit from the practical advice and knowledge
shared by the industry experts.
Candidates are also assured of our high quality materials and lectures. As a testament of our
quality, the top student in the entire Malaysia for the past 5 years have been Good Institute
Good Institute provides a flexible schedule for both part time and full time students, where
classes are repeated weekly ensuring busy candidates having a few options to choose from for
For students who live far away from Good Institute offices, the online distance learning option is
ideal for study at home or anywhere at your convenience and yet being assured that you are
getting the best quality education possible for your real estate education.
Always invest in the best for yourself!
Call us now at 03-5611 9671 to find out more.
7)When is the deadline for your course intake?
Good Institute has intakes all year round with majority of students joining us in March, June,
September and December. It is recommended to sign up as early as possible so that you get the
most preparation for the exam and get your license in the shortest time possible.
8)Can I study this course Part Time?
Yes, you can study the BOVAEP Estate Agent Diploma course on a part-time basis. Good
Institute provides weekday and weekend classes to suit your busy schedule. Students can attend
classes using our flexi-timing schedule.
For outstation students, Good Institute provides a online distance learning option. Our course is
available to students from across Malaysia and around the world. Call us now at 03-5611 9671 to
find out more about how this works.
9)When will I receive my Diploma?
Candidates receive their Diploma in Estate Agency certificate upon passing all the 12 subjects. A
convocation is held each year for this award ceremony.
10)What do you provide within your Real Estate License Diploma course?
We provide you the best lectures, concise study materials inclusive of past year Q&A and past
year exam analysis. Should you have any questions after lecture, you may also access our
online forum to post questions for discussion. All this help ensure you are fully prepared for the
Malaysia real estate license diploma examination set by the Board of Valuers, Appraisers, Estate
Agents and Property Managers Malaysia (BOVAEP). Distance learning students also can learn
from the comfort of their home through the newly enhanced online distance learning package
Good Institute offers.
11)What subjects are covered in this real estate course?
There are a total of 12 subjects to complete the course. They are split into Part 1 and Part 2.
The 6 subjects in Part 1 are Principles of Accounting, Introduction to Law, Principle of
Economics, Property Taxation, Principles and Practices of Marketing, and Building Technology 1.
The 6 subjects in Part 2 are Land Economics, Estate Agency Law (Professional Practice),
Principles of Valuation, Laws Relating to Property, Real Estate Agency Practice, and Building
12)What is this crash course and trial exam that I hear my friends talking about?
The crash course and trial exam is a special preparation program we provide to all of our
students. The classes are held before the board's examination to provide full revision to students
and also giving them a chance to experience how the real estate examination is conducted.
13)What are the entry requirements for the real estate license diploma examination?
The real estate board (LPPEH) has stated that the minimum entry requirements are:
- Persons 17 years old and above
- Pass in Bahasa Malaysia at SPM level or equivalent
- 5 passes in SPM or equivalent qualification
- 3 credits with at least one of the credit subjects in Mathematics, Science, Accounts or Commerce.
- Candidates with other qualifications may also check with the Board on whether they can use that certificate as entry requirement.
14)How do I pass the BOVAEP Estate Agent Examinations?
The passing mark for each subject paper is 50%. Good Institute will prepare you well for these
real estate examinations. You will need to pass all six Part 1 subjects before proceeding to take
Part 2 subjects. One you have passed the six Part 2 subjects, you are deemed to have passed
the BOVAEP Estate Agent examinations and will be awarded a diploma in estate agency.
15)What is the difference between the BOVAEP Estate Agent Examinations and other study routes?
The BOVAEP estate examinations are by far the best study route towards obtaining your estate
One route possible is studying for a degree or a diploma from a private college. These options take a
longer time period ie up to 3 years full time for a degree course and are also much costlier. You
would be subjected to assignments and internal examinations which require a lot of time to prepare
for. Yet some other course, require working experience in real estate agency before qualifying.
Outstation students would also not be able to join the classes as they need to commit to strict
attendance and submission of various coursework and tests throughout the year.
Another study route would be to take the RISM direct final examinations. This is a very difficult exam
and has a high rate of failure. Preparation for this exam involves much dedication and sacrifice of
personal time. Whilst students of the diploma course offered by Good Institute only need to take
Principles of Valuation, students of the RISM direct final exams are expected to already have prior
knowledge of this and are examined instead on Applied Valuation I and Applied Valuation II, which is
The Diploma in Estate Agency route provided by BOVAEP examinations is the route that is relatively
simple allowing you to balance your time between your work, study and family yet assuring you of
getting a license at the end of the day. Good Institute’s high quality standards ensure that you are
getting the best possible preparation to do well in the exams and perhaps be the next top student in
Malaysia just like our past students! Our fees are affordable too making this a simple decision to sign
up with us today!