For those without licence, but who's acting or holding oneself out to the public as an estate agent, has already commited an offence under the Valuers, Appraisers and Estate Agents Act 1981, as provided under Section 22.
22C(1) No person shall unless he is a registered estate agent and has been issued with an authority to practice under section 16-
It is an offence under the Act for any person to act in contravention of Section 22C(1) set out ealier which exposes such a person to a fine not exceeding RM25,000 or imprisonment of three (3) years and a penalty of RM500 perday for so long as the offence continues.
If you are one of the illegal estate agents stated above, think twice before you continue to commit the same offences simply because, you will be caught!
Over 30 years of experience in Iskandar Malaysia's property market, Johor Bahru -based registered estate agency, Tiram Realty, offers FREE tips and info on the selling, buying, renting and auction of properties in Iskandar Malaysia through the blog.
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