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    Chapter 1

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    yana
    This document provides notes on the key differences between a Real Estate Negotiator (REN) and a Real Estate Agent (REA). It notes that RENs require only a 2-day certification course while REAs require a diploma in estate agency and about 4 years to obtain credentials. It also outlines some of the main functions of REAs and the Real Estate Board.

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    Chapter 1

    Uploaded by

    yana
    5 views8 pages
    This document provides notes on the key differences between a Real Estate Negotiator (REN) and a Real Estate Agent (REA). It notes that RENs require only a 2-day certification course while REAs require a diploma in estate agency and about 4 years to obtain credentials. It also outlines some of the main functions of REAs and the Real Estate Board.

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    This document provides notes on the key differences between a Real Estate Negotiator (REN) and a Real Estate Agent (REA). It notes that RENs require only a 2-day certification course while REAs require a diploma in estate agency and about 4 years to obtain credentials. It also outlines some of the main functions of REAs and the Real Estate Board.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views8 pages

    Chapter 1

    Uploaded by

    yana
    This document provides notes on the key differences between a Real Estate Negotiator (REN) and a Real Estate Agent (REA). It notes that RENs require only a 2-day certification course while REAs require a diploma in estate agency and about 4 years to obtain credentials. It also outlines some of the main functions of REAs and the Real Estate Board.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    NOTES FOR FINAL

    EXAMINATION 2021/2023

    Nur 󰈠󰉘󰈀󰉜l󰈏󰉘a󰈞󰈀 | 2021825022


    Diff󰈩r󰇵󰈝󰇸es
    REN vs REA

    Red ID Card Colour Blue

    Only Certified Board’s Recognition Certified & Licensed

    Have Diploma in Estate Agency &


    Complete 2 days Negotiator’s
    Credentials takes around 4 years to obtain the
    Certification Course
    creditials

    Compliance with act, rules and


    None Conduct of Practice
    practice

    No administrative power being assign Administration Has power to sign any contract
    Fun󰇹󰉄󰈎󰈢n󰈻 o󰇿 RE󰉝
    1 2 3 4 5

    Act as middleman Inspection and


    Engaged in Providing accurate
    between principal Taking instruction viewing the
    marketing information
    and 3rd parties property

    6
    Completion of sale/ purchase/ lease
    Fun󰇹󰉄󰈎󰈢n󰈻 o󰇿 BO󰈐󰉝󰉈A
    1 2 3 4 5

    Regulate the
    professional
    Approve & reject Hold the Conduct/ Ethics of
    Conduct Prescribe Scale of
    applications for disciplinary Valuers,
    examinations Fees
    registration proceedings Appraisers, Estate
    Agents and
    Property Managers

    6
    Award scholarship
    EX󰉑󰈳󰈖S󰈽󰈐E 󰉝󰉁󰉈N󰉑󰈄

    Refer to the instruction from a principal to The principal must pay the appointed estate
    a single estate agent to act on his behalf agent the agreed fee even if the estate agent
    was not effective cause of the transaction
    SO󰈴󰉋 󰉚󰉁EN󰉑󰈄

    Same as exclusive agency, where a single The estate agent works together with the
    estate agent is engaged. principal as a tema and the fee is divided on a
    pre-agreed formula.
    JO󰈾󰈰󰈙 󰉚GE󰈰󰉎Y

    The number of agents appointed is limited and


    More than one estate agent engaged.
    each is aware of the appointment of the others.
    AD 󰉀󰈮󰉎 󰉚GE󰈰󰉎Y

    The principal can engage an unlimited Fees are paid only on successful conclusion of
    number of estate agent the estate agent transaction

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