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Call for estate agents to meet national standards

2nd November 2012 | back to article listings BACK    print this article PRINT

A set of national standards and regulations should be put in place for estate agents, according to a new survey.

A poll carried out by The Royal Institution of Chartered Surveyors (RICS) found 91% of people buying UK property believed things would be better if estate agents had to adhere to a series of rules governing their work.

The organisation said the general population mistrusted people in the profession and claimed the situation could be improved if all estate agents had to abide by the same regulations.

At the moment only members of a professional association need to meet a certain level of standards and those who don't join are left unregulated.

Being a member of an association means members are punished for unacceptable behaviour. In extreme cases the estate agent could lose their chartered status, which could limit the type of work they could do.

But many people fail to find out whether the estate agent they are using belongs to a professional body or not. Of those who did not check, only 54% believed they would be given honest advice.

RICS polled more than 1,000 people who had either purchased a property or had their own home valued since 2007 to produce the report.

Copyright Press Association 2012

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