20 January 2009

NAEA –HOUSING MARKET REFORM NEEDED – BUT IT MUST BE EFFECTIVE

Following the publication of the Government Review of Regulation and Redress in the UK Housing Market by the Department for Communities and Local Government and the Department for Business, Enterprise and Regulatory Reform, Peter Bolton King, chief executive of the National Association of Estate Agents, said:
 
“For years, the National Association of Estate Agents has been calling for an appropriate level of regulation to be introduced as mandatory in the UK housing market.
 
“The sums of money are too large and the potential impact on families too great for the industry to remain liable to abuse by unqualified cowboys.
 
“Professor Jones recognises that estate agents should be better regulated to ensure that every branch has suitably qualified employees.  This is a welcome step, and we look forward to the Government’s response to the report’s suggestions.
 
“I would like to reassure all of the hardworking and reputable estate agents in the industry, as well as the thousands of people considering getting onto the property ladder, that the NAEA will fight to ensure that any reform to the industry is effective.
 
“In the meantime, I would advise anyone entering the property market or moving up the housing ladder to ensure that their estate agent is bound by appropriate rules of conduct, as is the case with NAEA members.”
 
- Ends -

Editor Notes

 
About the NAEA

The National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), is the UK’s leading professional body for estate agency personnel, representing the interests of around 10,000 members who practice across all aspects of property services both in the UK and overseas. These include residential and commercial sales and lettings, property management, business transfer, auctioneering and land.

The National Association of Estate Agents is dedicated to the goal of professionalism within all aspects of property, estate agency and land. Its aim is to reassure the general public that by appointing an NAEA member to represent them they will receive in return the highest level of integrity and service in both sales and lettings, for all property matters. Each NAEA member is bound by a vigorously enforced Code of Practice and adheres to professional Rules of Conduct. Failure to do so can result in heavy financial penalties and possible expulsion from the Association.
 

Contacts

 
For further information contact:
 
NFOPP PRESS OFFICE
 
Tel: 020 3128 8181
E-mail: press@nfoppmedia.com