Sometimes Estate Agents get a bad reputation, sometimes it’s rightly deserved, as with any industry there are always bad operators and genuine mistakes and oversights made.
Estate Agency in the UK is a non-licensed industry. This means that you do not need to have any qualifications to act as an Agent. It operates on anti-licensing, governed by redress schemes. This meaning Agents who are seen to have acted inappropriately can have prohibition orders served and they can no longer act.
All agencies are required to be a member of a redress scheme.
These redress schemes operate with a view of ensuring that once internal complaints procedures are exhausted with Agents that you, the consumer have somewhere to go and register your grievance with an impartial authority.
This is for both sales and rental markets.
The two redress schemes available to agents in the UK are,
The Property Ombudsman – https://www.tpos.co.uk
The Property Redress Scheme – https://www.theprs.co.uk
Their contact details can be found via the links above.
I am personally a member of The Property Ombudsman, which is the longest operator of the schemes available to Agents in the UK.
Interestingly, The Property Ombudsman has recently released an annual report to outline their activity for 2020. You can read and download the full report from this link below:
https://www.tpos.co.uk/images/documents/annual-reports/2020_TPO_Annual_Report.pdf
Some of the highlights from a sales perspective were very interesting:
– 39,285 enquiries in 2020 (up 29% on 2019)
– 5,122 cases accepted (up just 0.3% on 2019)
– £1.9 million rewarded to consumers
– 19 agents were excluded for non-compliance
The 4 most common complaints were as follows:
Armed with this information we must ask ourselves as Agents, have we put systems and procedures in place to ensure that we can mitigate the chances of the above as much as possible?
Working with an Agent one-to-one like myself can automatically reduce the risk of all four of the above most common grievances.
As a private company with the backing of an international platform, I employ one of the most advanced cloud-based CRM systems that incorporate my prospecting and portal lead generation from Rightmove & Zoopla. This ensures your information is available at the click of a button from anywhere when requested.
Hopefully, you will never need to approach a redress scheme regarding your property sale or purchase, but it is always good to know and understand where you can turn to should it ever be required.
I wish anyone on the market, going to market or entering into a purchase the very best of luck.
If you are ever unsure of anything property wise, pick up the phone, drop me an email or reach out on social media.
I am always happy to help people with their property.
Thank you, your enquiry was successfully sent.
There was a problem sending your enquiry, please try again.
Thank you, your enquiry was successfully sent.
There was a problem sending your enquiry, please try again.