1983

1980

1981

1982

Maintaining the Register of Valuers, Appraisers, Estate Agents, Property Managers, Probationary Valuers and Probationary Estate Agents (PEA) as well as firms of Valuers, Appraisers and Estate Agents.

Approves and rejects applications for registration

Approves applications for registration only

Conducts examinations

REA is registered with BOVAEA, while a REN is not, albeit this person is certified to practice.

REN to be employed by a real estate firm, s/he must have attended a two-day course on real estate and have been issued with a certificate of attendance for the course.

BOVEA will thereafter issue a tag with a corresponding REN number to the REN.

REN will then be able to represent sellers, buyers, landlords and tenants in the marketing and sale of properties.

Step 1: Examinations

Step 2: Property Agent Courses

Step 3: Experience

Step 4: Interview 

Step 4: Prepare marketing strategy's plan

ANNUITY

AMOUNT OF RM 1 PER ANNUM

ANNUAL SINKING FUND

PRESENT VALUE

Annual Sinking Fund

Depreciation

Mortgage instalment

Annuity

To protect the property interest in the market, the

government introduced a few written laws to

protect the property from being speculated.

For Example, if people demand suburban

houses, people must find housing in the

suburbs, because it is impossible to bring their

existing house and lot to the suburb.

This simply points out that, no two parcels are

the same. Two pieces of land may be very similar,

but every single parcel is different geographically

because each parcel is located in a different spot.

This includes two lots right next to each other.

The numbers of the land day by day becoming

less/reduce because the optimum use of the

existing land available.

• Market Value

• Fair value

• Synergistic or marriage value

• Rental value

• Value in use

• Investment value

Going concern value

• Insurable value

• Assessed, rateable, taxable value

• Salvage value

• Special value

• Forced sale value

-Sustainable value

- Waqf Value

Accept with a profit of RM20,000

Accept with a profit of RM10,000

Accept with a profit of RM30,000

Accept with a profit of RM40,000

RM110K

RM100K

RM120K

RM115K

RM37K

RM40K

RM38K

RM39K

ESTIMATED AMOUNT FOR

WHICH A PROPERTY SHOULD

AN EXCHANGE ON THE DATE

OF VALUATION.....

IN AN ARMS

LENGTH TRANSACTION AFTER

PROPER MARKETING

WHEREIN.....

THE PARTIES HAD

EACH ACTED

KNOWLEDGEABLY....

PRUDENTLY AND WITHOUT

COMPULSION.....

BETWEEN A

WILLING BUYER AND A

WILLING SELLER........

-Utility value

-Scarcity

-Scarcity

-Effective demand

-Transferability

-Physical condition

-Environmental

-Neighborhood pattern  

-Physical condition

-Environmental

Value of an asset,

excluding land as if

disposed of for the

materials it contains,

rather than for

continue use without

special repairs and

adaptation

The value of specific

asset for a specific

use to a specific user

and non-market

related

The value of an asset

to a particular

investor to identify

investment

objectives, may be

lower or higher than

its market values

Value of business as a whole,

involves valuation of a

continuing business entity

from which allocations, or

apportionments, can apply

only to an asset that is

constituent part of a

business

Six categories of

physical, economics, social, government factors, freehold, leasehold

Three categories of

physical, economics and government factors

Four categories of

physical, economics, social and government factors

Five categories of

physical, economics, social, government factors and neighborhood

cost approach,

market method,

discounted cash flow method (DCF),

profit method,

investment method,

residual method,

comparison approach,

income approach,

It is a tax on chargeable gains derived

from the sale of real property.

All claims for compensation should be

submitted at the enquiry.

The Land Administrator obtain a written

opinion of value from JPPH. The valuer in

JPPH who is responsible for the valuation

inspect the Land. He will also be present in

court as expert witness.

The date of valuation is the date of

execution of the Sale and Purchase

Agreement; otherwise it is the date of

the execution of the instrument of

transfer.

the price that the buyer and seller has agreed upon.

a significant difference in values, especially in ‘hot areas’ where properties change hands regularly or during suddenly volatile

the time lag between JPPH data and real-time prices

upwards or downwards market conditions.

---economic

---trends, location of the property

---conditions of the general property market,

---general demographics

---recent renovations of the property

---the property itself