You’ve explored the advantages of becoming a real estate negotiator – from incentive trips to attractive bonuses and other rewarding benefits.
Now that you’ve made the decision to begin this journey, and have chosen IQI as your preferred agency, we’re delighted to welcome you.
The process of joining is straight forward. Below are the simple steps to get started as an real estate negotiator.
To become a real estate agent in Malaysia, you need to meet the basic eligibility requirements, complete the Negotiator Certification Course (NCC), join a registered real estate firm, and obtain your REN tag from the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).
With IQI, you also get free New REN Training and sit a short exam before you start closing deals.
Steps to Become a Real Estate Agent in Malaysia
Before we walk through the process, here is the big picture.
Every real estate negotiator in Malaysia follows the same core path. No REN tag, no deal. It is that simple.
- Check the requirements: Malaysian rules, you must be at least 18 years old, a Malaysian citizen, and hold at least SPM or an equivalent qualification. Real estate negotiators are regulated by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) under the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (Act 242).
- Complete your education: Attend the 2-day Negotiator Certification Course (NCC) required by BOVAEP and run by the Malaysian Institute of Estate Agents (MIEA). Without the NCC, you can’t apply for your REN tag. At IQI, you also join our 4-day New REN Training on sales, marketing and the legal basics of Malaysian property deals
- Pass the exam: Within 24 hours of finishing New REN Training, IQI recruits take a short online exam. It checks that you’re ready for the field before you meet your first client.
- Choose a real estate firm: Under Act 242, you can’t practise real estate on your own in Malaysia. Every REN must work under a registered firm led by a Registered Estate Agent (REA). The REA sponsors your REN registration, takes responsibility for your work and mentors you as you grow.
- Apply for your REN tag: Submit your NCC certificate, documents and fees through your firm to BOVAEP. Once you’re approved, you get your purple REN tag with your own REN number. The tag must be renewed every year to stay valid.
- Build your business: Market your services, grow your personal brand on social media, and generate leads to build a steady client network.
Good to know: In Malaysia, only Registered Estate Agents hold the licence to run an agency. As a REN, you work under one, and your REN tag is your legal permission to market and negotiate property deals.
Now, let’s look at exactly how this works when you join IQI.
How to Become an IQI REN:
Where to Submit Your Information?
To become a real estate negotiator (REN), you will need to sign up with a registered estate agent from a real estate firm.
The good news is, you’re signing up with a registered firm of over 60,000 real estate professionals worldwide!
You can sign up as a REN with IQI in three different ways.
- IQI website/blog
- IQI Agent referral link
- IQI’s social media ads
Let’s go through them one by one:
Option 1. IQI Website/Blog
The first and easiest way is to visit the IQI website and click “Join IQI.”
Once you click on ‘Join IQI’, simply scroll down and fill in the form!
Additionally, you can also apply to join IQI from their articles on the IQI blog.
IQI frequently publishes articles on career, property and more (just like the one you’re reading now!).
At the bottom of each article is an application form for those interested to fill out and apply to join IQI. Simply fill it in and submit!
Option 2: IQI Agent referral link
Perhaps you may know someone who is already a real estate agent in IQI.
That’ll bring us to our second method, which is to sign up with their referral link!
If you have friends, colleagues, family members, or anyone you know who is part of IQI, you can directly contact them.
They will provide a referral link and guide you through joining IQI. Simply follow their steps to complete the registration process.
Option 3: IQI Social Media Ads
Have you seen any of our advertisements on social media such as Instagram, Facebook or TikTok?
If you have, be sure to click the ‘sign up’ button!
Simply provide your information and submit.
What happens after I submit my form?
Once that’s done, you will need to wait for the IQI recruitment team to contact you.
You will receive a phone call to confirm your interest in joining.
The recruitment team will arrange an interview. When you complete the interview, you will be guided to do the necessary steps to become a REN with IQI.
How to Become an Official IQI Real Estate Negotiator?
Once you have passed the interview, you are already halfway into joining IQI!
However, to become an official IQI REN, there are a few more steps to follow:
Step 1: Payment of Registration Fee
Although real estate negotiation is a low-capital business, a registration fee will still be paid.
The total fee can be obtained by contacting the team leader who interviewed you.
If you joined IQI through a referral link from an existing IQI Real Estate Negotiator, you must register using that link and pay the fee.
The registration fee will cost approximately RM250, so make sure to keep that aside.
Step 2: Attend New REN Training
Once you have completed the payment, the next step is to participate in the 4-day New REN Training course.
The monthly training course, covers topics such as sales processes and techniques, marketing skills, and legal knowledge to help you start your real estate career successfully.
Currently, the New REN Training course is conducted through Zoom video conferencing for free!
Step 3: Take the Exam
Within 24 hours of completing the New REN Training course, you are required to take the related online exam.
Only by participating in and passing the exam (with a minimum score of 15 points) can you officially become an IQI real estate negotiator.
Step 4: Attend 2-day NCC course
Therefore, after passing the New REN Training, you will also request to apply for the 2-day NCC course from IQI or the Malaysian Institute of Estate Agents (MIEA).
This NCC course will also require a fee of RM636, so you should factor that into the cost as well.
What is the total cost to become a REN?
Let’s summarize the cost for you so you can plan better:
RM250 registration fee + RM636 NCC course = RM886
*The total cost is just an estimation, we can’t guarantee the accuracy of it as this could change from time to time.
Step 5: Obtain certificate and REN tag
You will receive the relevant certification upon completing the two day course.
You can then submit the required documents to IQI to apply for the purple REN tag.
Step 6: Receive your agent license
It’s important to note that only licensed real estate negotiators are authorized to sell properties.
Once your documents have been approved, you will officially become a licensed agent, and you’re ready to start your real estate journey!
Step 7: Become an IQI Real Estate Negotiator
Congratulations!
You have successfully passed the exam and certification course. You’re now officially an IQI REN!
Now, you can enjoy IQI’s benefits, such as incredible rewards and incentives, access to IQI’s exclusive SuperApp ATLAS, IQPilot and the opportunity to sell global real estate projects via the IQI network.
Start your journey with IQI! Fill out the form below to join us as a real estate negotiator.
Continue reading:
- In IQI, You Just Focus on Sales! Here’s How IQI Provides You with the Best Life as an Real Estate Negotiator
- Unhappy in Current Job? Become a Real Estate Negotiator (REN) and Be Your Own Boss!
- From Delays to Dream Life: How Our IQI Real Estate Negotiators Pushed Through Difficulties and Won 4x Home Bonus
