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 students.

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 each lecture.

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 Technology 2.

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 agency license.

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 much tougher.

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!