Malaysia legislation
Section 7
of VALUERS, APPRAISERS AND ESTATE AGENTS (AMENDMENT) ACT 2017
Section 7
Section 10 of the principal Act is amended—
(a)
in paragraph (a), by substituting for the words “a Register of Valuers, Appraisers and Estate Agents, a Register of
Probationary Valuers/Probationary Estate Agents and a”
the words “the Register, Register of Probationers and”;
(b)
in paragraph (e), by substituting for the words “registered valuers or appraisers or estate agents” the words “valuers, appraisers, estate agents or property managers”;
(c)
in paragraph (f), by substituting for the words “appraisers and estate agents” the words “appraisers, estate agents and property managers”;
(d)
in paragraph (g), by substituting for the words “appraisers and estate agents” the words “appraisers, estate agents and property managers”;
(e)
in paragraph (h), by substituting for the words “valuation or estate agency” the words “valuation, estate agency or property management,”;
(f)
in paragraph (hc), by substituting for the words “appraisers and estate agents” the words “appraisers, estate agents and property managers”;
(g)
in paragraph (hd), by deleting the word “and” at the end of the paragraph; and
(h)
by inserting after paragraph (hd) the following paragraph:
“(he) to hold in trust the monies in a dispute between a registered valuer, appraiser, estate agent or property manager, and a client or third party in a contract for valuation, appraisal, estate agency or property management services, whenever the
Board deems necessary;”.
Amendment of section 12