Friday, April 27, 2007

Real Estate Tips #6: How to identify a Registered Estate Agent from those illegal brokers on a newspaper advertisement?

Whenever you open the page for the classified ads on a newspaper, you tend to see many ads on properties to let or for sale, how do you distinguish the Registered Estate Agent's (REA) or those from an illegal brokers?

The answer is simple, look for four (4) elements:

(1) Company name
e.g. Tiram Realty
(2) Company registration number
e.g. E(3)0077
(3) Company contact number
e.g. 607-3558877
(4) All advertisements by REA must be specific
e.g. Double storey house at Taman Johor Jaya selling at RM150,000, NOT Double storey house at RM150,000 , which is too general.

Look for the abovementioned elements, then you will know whom to call (the REAs), whom you shouldn't call (the illegal brokers). Refer to Real Estate Tips #1 on why you should always engage a REA in malaysia.

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