After undergoing years of study, practical lessons and passing a number of critical examinations, 171 recipients were recognised with the Authority to Practice for both the valuation and estate agency professions at the 19th Board of Valuers, Appraisers and Estate Agents (BOVAEA) Convocation Ceremony held today.
Officiated by Yang Berhormat Datuk Chua Tee Yong, Deputy Minister of Finance, Ministry of Finance Malaysia, the event also saw 63 graduates receive their Diploma in Estate Agency marking their first foray into their career as a professional Estate Agent.
In his welcome address, Datuk Faizan bin Abdul Rahman reinforced the message of lifelong learning and that new and current members of the profession should continue to update themselves with the latest developments and technological advances in the property industry to remain competitive and competent.
Datuk Faizan in his speech said that advancements in the property industry have led to an ever evolving and sophisticated marketplace. To assist new and current members of the profession, BOVAEA will be launching two documentaries.
“One is the Second Edition of the Property Management Standards and the other is the Accreditation Manual. As you are aware recently there have been massive changes in the property management aspect of work. The job scope has increased tenfold in tandem with the huge buildings that are continuously being constructed. Hence, the Board’s property management committee has decided to revise the existing standards to correspond with the current climate,” he said.
The Board has also received numerous applications from various local and foreign Universities and Higher Learning Institution requesting for approval of their diploma and degree programmes. In light of their requests the Board opined that it is timely that a manual be designed on the Accreditation process of the Board to benefit future applicants.
The Graduation Ceremony cum Dinner also awarded three deserving registered members of the profession. The award for Valuer of the Year went to Sr. P. Tangga Peragasam, Property Manager of the Year was awarded to Sr. Adzman Shah bin Haji Mohd Ariffin and Estate Agent of the Year was awarded to Soma Sundram a/l Krishnaswamy.
Commenting on his award win, Soma Sundram said “As a master trainer for real estate agents with over 30 years of experience in the property industry I would like to advise our future professionals to focus on delivering a high degree of expertise, professional integrity and ethics”.
Four students, Muzatul Atira binti Bahrim, Siti Nadiah binti Zainudin, Imran bin Kamarudzaman and Hau Siow Leng were also recognized by the Board for high academic achievement in their respective examinations.
The Board of Valuers, Appraisers and Estate Agents Malaysia was set up in 1981 under the purview of the Ministry of Finance, Malaysia. The setup and operation of this Board is governed by the provision of Valuers, Appraisers and Estate Agents Act 1981. Its primary function is to regulate the Valuers, Appraisers and Estate Agents practising in Malaysia.
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