Malaysia legislation

Section 16

of *VALUERS, APPRAISERS AND ESTATE AGENTS ACT 1981

Section 16

Authority to practice

(1A)

For the purposes of subsection (1), the authority to practice as an individual registered valuer, appraiser, estate agent or property manager shall be subject to the condition that the practice is in accordance with section 23.

(2)

The authority to practice shall, subject to the provisions of this Act, expire on the 31st of December of the year in which it is issued and shall thereafter be renewable annually upon payment of the prescribed fee and upon the applicant satisfying and complying with such conditions as may be prescribed by the Board.

(3)

A certificate of registration issued under the *Registration of Surveyors

Act 1967 [Act 67 of 1967] which before the coming into force of this Act was issued to a registered Surveyor (General Practice) shall, subject to subsection 17(2), be replaced by the Board with an authority to practice without payment of the prescribed fee.

(4)

An authority to practice which has been issued with errors or omissions may be recalled by the Registrar and a fresh one issued without charge.

(5)

A duplicate authority to practice may be issued by the Board on application being made by a registered valuer, appraiser, estate agent or property manager and on payment of a fee prescribed by the Board and such application shall be accompanied by a statement setting out the reasons for the application.

(6)

A duplicate authority to practice shall be clearly marked “Duplicate”

and shall contain all particulars shown on the original copy.

*NOTE—This Act has since been revised as the Quantity Surveyors Act 1967 [Act 487].

24 Laws of Malaysia ACT 242

(7)

A registered valuer, appraiser, estate agent or property manager—

(a)

who is an employee, shall, within one month of any change of employment, notify the Board in writing of the name, business address and other particulars of his former as well as his new employer;

(b)

who is not an employee, shall, within one month of any change in the name, business address, partnership, shareholding or directorship of his practice or any change in the registered valuers, appraisers, estate agents or property managers practising under his employment or under the employment of his firm, notify the

Board in writing of the change, and such change shall be entered in the appropriate Register.

(7A)

For the purposes of paragraph (7)(b), a notice given by a partner, shareholder or director of the person concerned shall be deemed to be sufficient compliance with that paragraph.

(7B)

Paragraph (7)(a) shall also apply to all probationary valuers, probationary estate agents and probationary property managers and any changes shall be entered in the Register of Probationers accordingly.

(8)

The Registrar may annually publish and offer for sale copies of the

Registers.