If you are caught making unlawful representation of sellers and buyers in a property transaction, it can result in a conviction of RM300,000 FINE or 3 YEARS IMPRISONMENT or BOTH.

If you want to become a real estate negotiator, you must attend the 2-day Negotiator Certification Course before you can join any real estate agency and be registered with the Board. Upon the completion of the course, you will receive a Certificate of Attendance from BOVAEP. With this certificate, you will be able to join any real estate agency and that agency will register you with the Board.

With effect from 1st June 2014, all real estate negotiators must be certified and registered with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP). This is in accordance to the Board’s circular 4/2013 issued on 26th September 2013. It is against the law to practice or carry on any real estate related business and transactions without being first registered with BOVAEP.

It is mandatory for all real estate negotiators to wear the REN tag during the course of doing business and it cannot be replaced with any company/firm's name tag. It is an offence for someone to imitate and produce something similar to a BOVAEP REN Tag.