BOVAEP REN NCC case studies
BOVAEP REN NCC · Put your knowledge to work in context.
The Negotiator's Certification Course (NCC) is the entry-level qualification for people who want to work as Real Estate Negotiators in Malaysia. Under the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (Act 242), estate agency work carried out for commission must be done by someone registered with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP); for a new entrant, passing the NCC examination is the standard route to that registration. The BOVAEP REN NCC case studies are 5 cases and about 4,741 words.
1The Renewal That Never Came Through
Kenny is a negotiator attached to a BOVAEP-registered estate agency firm. His REN registration expired on 31 March; his renewal file is still sitting at the Board because a supporting document is missing.
852 words, about 4 min2Verbal Yes, Higher Offer on Monday
A negotiator lists a 3-bedroom apartment at RM780,000 for a seller who is emigrating and wants a fast, clean sale. On Saturday a buyer signs the firm's offer form offering RM750,000, with RM7,500 earnest deposit paid to the firm as 'stakeholder', on terms 'subject to SPA within 21 days'.
910 words, about 5 min3The Four-Year Lease Nobody Registered
A four-storey shop-office is let for four years at RM9,500 per month, with a 3+1 month deposit. The lease agreement was drafted by the negotiator who arranged the letting, signed by both parties and stamped at LHDN - but nobody registered it at the Land Office.
949 words, about 5 min4Nine Listings, One Nervous Vendor
A vendor instructs a negotiator to sell a 22-year-old two-storey terrace, 1,650 sq ft, original condition, in a mature Petaling Jaya neighbourhood. She wants RM1.25 million because 'the agent down the road said so', and needs to complete within four months because of a job transfer.
984 words, about 5 min5The RM150,000 That Isn't In The SPA
A buyer agrees to buy a RM850,000 condominium. At the signing appointment he asks the negotiator to prepare the SPA at RM700,000 and to have RM150,000 paid in cash to the seller's 'project account' because 'the renovation cost is not in the valuation, so the bank doesn't need to know'.
1,046 words, about 5 min