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ciderpunk

Call For Estate Agent Licensing

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I think they should have criminal record checks and compulsory drug tests too!

I like the leash idea though. I can just imagine loads of estate agents tied to a rusty bit of iron outside a newsagent while their owner is buying some Golden Virginia and Red Rizlas. :lol::lol:

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There would be no need for licensing if Trading Standards did there job and randomly audited all agents and banned the dodgy ones. (The law is there).

But that ain't gonna happen. So regulate and licence. Personally I thinkk that being a member of the NAEA and the OEA is a good start. New members of the NAEA have to take their "Technical Award" which ain't rocket science but does require a fair bit of studying for. Perhaps existing members should all have to do it too.

At the end of the day fees round me are 1%-2% and I find it hard to see how firms can offer a decent service at the lower end of that scale. I would love to see fees around the 2.5% - 3.5% level - and a lot less agents. Pay the ones that remain enough to attract and retain decent staff. EAs don't just employ 17 yeear old muppets for the hell of it - too much competition means employing decent staff is hard to justify.

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At the end of the day fees round me are 1%-2% and I find it hard to see how firms can offer a decent service at the lower end of that scale. I would love to see fees around the 2.5% - 3.5% level - and a lot less agents. Pay the ones that remain enough to attract and retain decent staff. EAs don't just employ 17 yeear old muppets for the hell of it - too much competition means employing decent staff is hard to justify.

Down in Brighton I saw an estate agent sign advertising their 0.5% fees.

Billy Shears

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Down in Brighton I saw an estate agent sign advertising their 0.5% fees.

Billy Shears

I worked for an EA that did that for a while. And to be honest, even though the basic wage was rubbish, by the time you get 10% of 0.5% there is no incentive to sell. Absolutely none.

I used to carry round a notebook with property address and all the key details (rough sizes of bedrooms, location of bathroom, length of lease etc). The key fact was the commission I'd earn if it sold. Why on earth would I phone out a studio at £100k on 0.5% commission (£50 for me) when it's as easy / hard to sell as a 3 bed house, on at £225k at 1.5% commission. Think about that when you haggle to get the fees down!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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