Real estate sector gets another body
Sonia Ramachandran | 11 Aug 2017 00:30
THE real estate sector is expected to see greater fragmentation in terms of industry representation with the formation of the Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC).

As it is, real estate agents can be admitted to the Malaysian Institute of Estate Agents (MIEA), Royal Institution of Surveyors Malaysia (RISM) and the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).

They can also join the Malaysian Institute of Professional Property Managers (MIPPM), Malaysian Association of Muslim Real Estate Negotiators (PEHAM) and the International Real Estate Federation (FIABCI).

There are more than 30,000 real estate practitioners in the country, comprising valuers, estate agents and real estate negotiators (RENs) but only a small fraction are represented by any organisation.

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