REV 254 INTRO QUIZ

1. Which of the following is the primary responsibility of a registered estate agent in Malaysia?

• A) To act as a real estate developer

• B) To facilitate the buying, selling, or leasing of properties on behalf of clients

• C) To provide legal advice to clients

• D) To manage property maintenance and repairs

What is the purpose of the Estate Agents Act 1981 in Malaysia?

• • A) To regulate property prices in Malaysia

• • B) To set out the guidelines for the training and conduct of estate agents

• • C) To oversee the construction of real estate developments

• • D) To manage property tax assessments

In Malaysia, which organization regulates the activities and practices of estate agents?

• • A) Real Estate Developers' Association of Malaysia (REDAM)

• • B) Board of Valuers, Appraisers, Estate Agents, and Property Managers (BOVAEP)

• • C) Ministry of Housing and Local Government

• • D) Malaysian Institute of Estate Agents (MIEA)

Under the BOVAEP Act 1981, which of the following professionals is required to be registered with BOVAEP?

• • A) Architects

• • B) Estate agents

• • C) Construction workers

• • D) Property buyers

BOVAEP maintains a register for which of the following?

• • A) Real estate buyers and sellers

• • B) Estate agents, valuers, and property managers

• • C) Property developers

• • D) Valuers and Estate Agent

How often must registered professionals renew their registration with BOVAEP?

• • A) Every 3 years

• • B) Every year

• • C) Every 5 years

• • D) Every 6 months

Which of the following is a key requirement for someone to become a registered estate agent under BOVAEP?

• • A) Possess a law degree

• • B) Complete a recognized course in estate agency practice

• • C) Own property in Malaysia

• • D) Be nominated by an established developer

What is the primary role of BOVAEP in regulating the professional practice of estate agents, valuers, and property managers in Malaysia?

• • A) To regulate property prices

• • B) To enforce ethical standards and ensure compliance with relevant laws

• • C) To manage property sales

• • D) To set property taxes

In order to be eligible for registration with BOVAEP as an estate agent in Malaysia, which of the following criteria must an individual meet?

• • A) A law degree and a minimum of five years’ experience in the real estate sector

• • B) A certificate in real estate agency practice and completion of a mandatory examination

• • C) A degree in business management and a background in accounting

• • D) A recommendation letter from a real estate developer

What does "professional practice" generally refer to?

• • A) The marketing techniques used by a professional

• • B) The ethical and legal standards that guide the behavior and actions of professionals

• • C) The ability of a professional to sell products and services

• • D) The personal preferences of a professional in their career