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Showing posts with the label OFT Fees NAEA RICS

Call to Arms - From the Guild of Professional Estate Agents

I received this in an e-mail newsletter from the Guild and felt I simply had to re-publish it here... A Call To Arms.... We know that the UK estate agency market is the most competitive in Western Europe, with the fees levied being only a fraction of those applicable in most developed countries (even when compared to the supposed paragon of the free market, the USA). We also exemplify the specialist skills involved in successfully selling a property, and help mitigate the significant risks involved to the buyer and vendor from acting without professional advice and guidance. Finally, if the rate of consumer dissatisfaction has fallen by half to 12% since the last report, then the service is clearly rapidly improving of its own accord (given the current absence of licensing and mandatory qualifications). The market statistics also speak volumes. Too many estate agents chasing too few transactions has meant that only a small minority are making healthy profits. With over 2,000 offices ...