First-time property buyers, renters urged to engage agents

By BERNAMA / Pic By MUHD AMIN NAHARUL

FIRST-TIME property buyers and renters who are unfamiliar with real estate transactions should consider engaging the services of a registered estate agent or negotiator.

In light of the endless number of cheating cases involving illegal brokers, the Malaysian Institute of Estate Agents (MIEA) said it is only right for buyers and renters to allow the professionals to guide them.

In a statement, MIEA president Lim Boon Ping said the association’s first-ever public awareness campaign called #MYREALAGENTS is aimed at informing buyers and renters about the importance of choosing registered agents or negotiators, and how they can protect themselves from losses.

The campaign was launched at the Malaysian Annual Real Estate Convention Summit 2020 on Feb 28.

The #MYREALAGENTS website and social media channels have content on the legal aspect of buying, selling and renting a property, as well as tips, a checklist and what to look for when engaging a registered agent or negotiator.

The website shows that as at Feb 21, 2020, there are 2,841 registered real estate agents and 39,986 certified real estate negotiators. — Bernama