Posted on Friday, October 12, 2018
Should Estate Agents & Letting Agents be licensed? We think so. You might ask why?
In England there is currently no requirment for qualification or experiance for anyone interested in setting up or working within an estate agency business. Whilst there are laws governing the actions of the agents and the implementation of certain processes, nothing is currently stopping anybody claiming to know what they are doing, or how good they at doing it regardless of thier experiance and knowledge.
This opens up a raft of potential issues for anyone wishing to sell or let their home. How do you know that you are getting the best advice, the best price, the best support legally and therefore paying the best fee?
The good thing is that most 'professional' estate agents do align themselves with regulatory bodies but this is usually voluntary. Companies such as NAEA (National association of estate agents), ARLA (Association of residential letting agents) and RICS (Royal institute of chartered surveyors) do act as governing bodies setting out guidelines of service standards, ettiquette and professional repsonsability, and the best agents out there will take full responsability of there actions should they not adhere to these rules.
Licensing agents can only be a good and positive move to help homeowners and landlords feel confindent that they are paying for a service that meets a certain professional criteria and that their biggest assets are being looked after with the appropriate care and consideration. It would also help buyers and tenants feel more secure, hopefully aiding the buying and renting process in terms of security, timeframe and accountability.
Always look out for the marks of a professional estate agent - NAEA, ARLA & RICS. You can then rest assured that you are in safe hands of dedicated property professionals who are qualified, trustworthy and operate within the law.