Is your estate agent actually qualified to sell your home?
You might be surprised to hear that there is currently no Regulation of Property Agents (RoPA). Thankfully, for those of us who have always believed in regulations and qualifications, things are changing.
As one of only a small number of qualified estate agents who have completed the Level 6 Diploma in Residential Estate Agency, it has always been important to me that every member of my team is qualified. At Wishart Estate Agents the first thing a new team member does is apply for Associate grade of the NAEA and complete the Level 3 technical award in the Sale of Residential Property.
As a Fellow of NAEA Propertymark, I was delighted to hear that the Ministry of Housing, Communities and Local Government released a report on 18th July 2019 on the recommendations of the Regulation of Property Agents Working Group. NAEA Propertymark have long called for government regulation to ensure everyone in the industry is licenced, adheres to a strict code of practice and holds an industry qualification equivalent to an A-Level.
Housing Minister, Heather Wheeler MRP, set up the Regulation of Property Agents Working Group in October 2018 to examine serval key industry issues including regulation and qualification. The group have now proposed a new regulatory frame-work to cover estate agents in the UK.
We look forward to progress on this and finally the removal those rouge estate agents who tarnish our profession with bad practice and unqualified staff. The UK public deserve more from the estate agents they trust to handle what is potentially their biggest asset.
Where can you find an NAEA Propertymark Protected Individual? All NAEA Propertymark Protected Estate Agents are listed individually on the database; just find the company and you’ll be informed who is qualified and regulated within that firm.