What Is A Qualified Estate Agent?
26th July 2022
26th July 2022
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When you buy a property, buyers don’t have much choice which agent they go through. However, when it comes to selling a home, vendors might have a plethora of agents to choose from. But many people don't know what they're looking for when it comes to choosing an estate agent. In almost every area of property, the professionals people deal with such as mortgage advisors and solicitors are regulated and qualified.
Even the person that does an EPC rating on a property does a one-day course.
Estate agents are not regulated and qualified in the same way.
However, those who sign up and are members of Propertymark, a membership organisation for estate agents, have to reach a certain standard to become a member.
TV property expert and founder of Move iQ, Phil Spencer, is working with Propertymark to make consumers aware of what a good estate agent looks like and the difference between a qualified one and a non-qualified one.
“You wouldn’t book a holiday with a travel agent who wasn’t qualified or regulated,” Phil explained exclusively to Express.co.uk.
“…Or a mortgage broker, or a solicitor. You wouldn’t dream of dealing with those important things in your life unless they were regulated or qualified to do that.
Phil Spencer: Property expert explains the importance of choosing a qualified estate agent (Image: GETTY)
“And yet, it seems we don’t ask our estate agents - who are dealing with our most valuable asset - ‘are you qualified to do that?’”
The Propertymark qualification ensures estate agents are up-to-date with all the latest legislation, and are professional.
A Propertymark agent has signed themselves up to be a member and is continually training themselves.
“The key thing for me is a Propertymark agent has dedicated themselves by volunteering to a code of professional conduct and standard and therefore self-improvement and that says a lot about a business,” Phil said.
It’s not mandatory to sign up and be a member of Propertymark.