estate agent

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estate agent

a person who provides services for the marketing and sale of property. The extent of the authority of the agent depends on the terms of the agreement with the principal (see AGENCY). The business is now regulated by legislation. The Office of Fair Trading has powers to enforce the Act. So far as the day-to-day conduct of their business is concerned, estate agents must comply with the provisions of the Property misdescriptions legislation, as must others who carry out similar work such as solicitors.
References in periodicals archive ?
Following on from the Red Tape Challenge, the Government s response to the consultation on amending the Estate Agents Act to encourage new business models confirms plans to exempt intermediary agents which help homeowners privately advertise and sell their houses from the Estate Agents Act 1979 (EAA).
As they're tuned into current conditions in the local market, estate agents know what's selling and what's not, so they will also be able to give you a realistic and honest valuation.
There was also a further jump in the number of house hunters registered with estate agents, with this soaring by 12% during the month.
The move paves the way for the Government to make an order under the Consumer Estate Agents and Redress Act 2007 requiring all residential property agents to join an approved scheme.
Q I am looking to sell my home and don't know where to start choosing an estate agent.
By educating themselves and their clients, licensed real estate agents and brokers can offer a variety of solutions to homeowners, as well as the ability to sell the equity-deficient home.
Against stiff competition from all over the region the company was named winner at the prestigious Guild of Professional Estate Agents National Awards, held in Cambridge earlier this month.
WALSALL trading standards officers are calling on residents buying or selling homes to look out for estate agents signed up to a new scheme.
Customers are asked to fill in questionnaires on the standard of service they get from estate agents when buying or selling a house.
This would apply if the contract you have signed with the estate agents was one which gave them 'sole agency' where the estate agent is the only agent with the right to sell your property, so that if you find a buyer yourself you do not have to pay the estate agent's commission, although you may still have to pay for advertising or a 'For Sale' board.
estate agents use their expertise and knowledge of local market conditions to decide a price for land or property.
Linda Leary Estate Agents has been shortlisted for this year's Estate Agent of the Year awards.