Tuesday, October 12, 2010

Amendments to Valuers, Appraisers and Estate Agents Act

If amendments are passed, it would mean every stratified property must engage a Valuer to manage their property.

This also means there will be around RM3-4 billion annually in this fee. There is nothing though in terms of additional value or services that the Valuers can provide.

Currently there are only approximately 800 registered valuers in Malaysia.

If passed, than these amendments would have created a monopoly in the building management industry.

Watch the developments in parliament.

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