Section 10

to keep and maintain the Register, Register of Probationers and

Register of Firms;

to approve or reject applications for registration under this Act or to approve any such application subject to such conditions and restrictions as it may deem fit to impose;

to hold disciplinary proceedings in accordance with Part VII;

to hold or cause to be held examinations of persons who desire to qualify themselves for registration under this Act;

to prescribe from time to time with the approval of the Minister the fees payable under this Act including the scales of fees to be charged by valuers, appraisers, estate agents or property managers for professional advice or services rendered;

to hear and determine disputes relating to the professional conduct or ethics of valuers, appraisers, estate agents and property managers or to appoint a committee or arbitrator to hear and determine such disputes;

to determine and regulate the professional conduct and ethics of valuers, appraisers, estate agents and property managers and to set standards of professional practice;

to award scholarships to persons who undertake professional courses in valuation, estate agency or property management, or any related discipline and to award grants or donations for the promotion of the profession;

(ha) to appoint members of the Board to sit on any board, committee or body formed for any purpose relating to the profession or to any related profession;

18 Laws of Malaysia ACT 242

(hb) to borrow or in any manner raise money for the purchase or lease of any immovable property required by the Board and to dispose of or deal with such property as the Board deems fit;

(hc) to prescribe the rules concerning the taking out of professional indemnity insurance for valuers, appraisers, estate agents and property managers against any class of professional liability;

(hd) to prescribe standards, directives, circulars or guidelines to carry out the provisions of Part III to Part VIII;

(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;

generally, to do all such acts, matters and things as are necessary to carry out the provisions of Part III to Part VIII.

Committee