Property industry cavalry fell at first hurdle

By Ian Harris, of Watsons in 01603 619916

Many of you would expect that the residential property sales and letting industry is specifically regulated and licensed, but it isn’t! In

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the “bonfire of the quangos” the Property Standards Board was given the chop and along with it any hope a requirement for all agents to be licensed. If that is a concern to you, you’ll be pleased to learn that many reputable agents choose to submit to regulation by belonging to a professional body which guarantees standards of performance, security of money (rents and deposits) and redress/compensation if things go wrong. You will find agents displaying the logos for these organisations NAEA (National Association of Estate Agents), ARLA (Association of Residential Letting Agents) and RICS (Royal Institution of Chartered Surveyors). All three organisations have websites with a facility to search for members in your local area, in case you prefer to select your agent on that basis.

Ian is on 01603 619916

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