Many people who sell a home in the United Kingdom will use an estate agency's marketing services.

Posted by Elijah on September 9th, 2022

Introducing and/or negotiating with people who want to buy or sell freehold or leasehold property (including commercial or agricultural property) in the course of a business on the client's instructions."

Currently, Glasgow Estate Agents are not required by law to be licenced or qualified. A solicitor will handle much of the property sale in Scotland, where property law is different. Unless an estate agent is also a qualified chartered surveyor in England, Wales, or Northern Ireland, they will liaise with other professional bodies.

 Estate agents are primarily governed.

the Estate Agents Act of 1979 and the Consumer Protection from Unfair Trading Regulations of 2008. In addition to this statutory requirement, all estate agents in the UK who engage in residential estate agency work must be members of an approved redress scheme, either The Property Ombudsman or the Property Redress Scheme, as of 1 October 2008. The Consumers, Estate Agents, and Redress Act of 2007 requires this.

Powys County Council's National Trading Standards Estate and Letting Agency Team (NTSELAT)

protects consumers and businesses by enforcing the EAA 1979. The team will determine whether an individual or business in any part of the United Kingdom is qualified to perform estate agency work under the terms of the EEA 1979. In April 2014, it took over this enforcement role from the Office of Fair Trading (OFT).

 In recent years, there have been calls for the government to tighten regulation by mandating that all estate agents be properly licenced and qualified. The Conservative Party's 2017 Manifesto pledged to "reform and modernise the homebuying process so that it is more efficient and less expensive." The Regulation of Property Agents: Working Group was established in October 2018 to advise the Government on a new regulatory approach to letting, managing, and estate agents, in response to the Government's responses to its calls for evidence on Protecting Consumers in the Letting and Management Agent Market and Improving the Home Buying and Selling Process.

 This briefing paper provides an overview of current estate agent regulation. It also examines previous market studies and consultations, as well as recent government proposals to tighten regulation.