Latest News

And the award goes to...

17 October 2018

This afternoon, Propertymark Qualifications held its annual awards ceremony in the Cholmondeley Room at the House of Lords, celebrating excellence in learning and development in the property industry. Read More...

Is your client money healthy?

17 October 2018

Every year, Propertymark regulated agents are required to submit a client money examination to renew their membership. In the past the only option has been an accountant’s report, but now there's an alternative – the Client Money HealthCheck. Read More...

Housing Minister signals the end to poor leasehold practices

15 October 2018

Yesterday, James Brokenshire announced Government plan to consult on improving the leasehold sector, and bring an end to poor leasehold practices for homebuyers once and for all. Read More...

Review into house buying and selling process

Sunday 22 October 2017

Government announce Call for Evidence into house buying and selling process. NAEA Propertymark welcome the long overdue review on behalf of buyers and sellers.

Department for Communities and Local Government (DCLG) has today announced a call for evidence in preparation for a review of the house buying and selling process. NAEA Propertymark has promoted higher standards and professionalism within the industry for many years and is delighted with the announcement.

The call for evidence will focus on gazumping, lock-in agreements, guidance provided to buyers and innovative digital solutions.

The section on estate agents poses four questions:
Q1. Should the industry do more to make customers aware of how to complain?
a. If so, how?
Q2. Should the government take further action to enforce current transparency regulations regarding disclosure of referral fees?
a. If so, what action should be taken?
Q3. What would the impact be of banning referral fees?
Q4. Should the government introduce more regulation for estate agents?
a. If so, what sort of regulation would be appropriate?

This comes at a key time for the industry and further demonstrates the need for agents to differentiate their offer through displaying the Propertymark Protected logo.

The Call for Evidence states:

"Although Estate Agents are already subject to regulation, there is no requirement placed on individuals to undertake professional training before they can operate as an Estate Agent. We would welcome views on whether the government should take steps to strengthen regulation of Estate Agents."

NAEA Propertymark has long called for better regulation of the estate agency sector to ensure that consumers are protected when dealing with their biggest asset, their home. We are pleased that Government has chosen to include overarching regulation of sales agents in the scope of their Call for Evidence into the house buying and selling process. The review is welcome, house buying and selling must be simpler and quicker.

See the call for evidence here.