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Wikipedia about estate agents

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It is customary in the United Kingdom and in Ireland to refer to real estate or real property simply as property.

Origin

The term originally referred to a person responsible for managing a landed estate, while those engaged in the buying and selling of homes were "house agents", and those selling land were "land agents". However, sometime during the 20th century "estate agent" started to be used as a generic term, perhaps because it was thought to sound more impressive. Estate agent is roughly synonymous in the United States with the term real estate broker.

Regulation

The full legal term and definition of an estate agent within the UK can be found on the Office of Fair Trading (OFT) website. Enforcement of these regulations is also the responsibility of the OFT.

In the United Kingdom residential estate agents are regulated by the Estate Agents Act 1979 and the Property Misdescriptions Act 1991, as well as the more recently enacted Consumers, Estate Agents and Redress Act 2007.

Some estate agents are members of the Royal Institution of Chartered Surveyors (RICS), the principal body for UK property professionals, dealing with both residential, commercial and agricultural property. Members, known as “Chartered Surveyors”, are elected based on examination and are required to adhere to a code of conduct, which includes regulations about looking after their clients' money and professional indemnity insurance in case of error or negligence.

For residential property there is also a trade association, the National Association of Estate Agents (NAEA), but it has limited scope for disciplining members. The Ombudsman for Estate Agents Scheme, which obtained OFT approval for the Code of Practice for Residential Sales in 2005 and, as of November 2006, claims to have 2532 member agencies.

There is no legal requirement to belong to either organisation in order to trade as an estate agent. Due to the lack of effective regulation, dishonest and fraudulent practices may exist in the industry.

Industrial structure

A handful of national residential estate agents chains exist, such as Connells and Countrywide plc, with the majority being locally or regionally specialised companies. The number of UK Estate Agent offices operating in the UK, as of August 2007, is over 18,000 according to Home.co.uk.

Several multi-national commercial agencies exist, typically being Anglo-American, pan-European or global. These firms all seek to provide the full range of property advisory services, not just agency.

Only a handful of large firms trade in both commercial and residential property.

Search results for Estate Agents

Real Estate Agent

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Find REALTORS® and Compare Real Estate Agents at Yahoo! Real Estate

Let Yahoo! Real Estate and HomeGain connect you with a qualified local realtor. Anonymously interview realtors online then compare agents experience and sales commissionsrealestate.yahoo.com/Realtors

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News about Estate Agents

Guilty plea in $3M Oxnard real estate scheme

KMIR 6 Palm SpringsVENTURA, Calif. (AP) - An Oxnard man is facing more than 10 years in prison for cheating sellers, real estate agents and lenders out of $3 million by funneling bogus transactions through businesses he owned.http://www.kmir6.com/Global/story.asp?S=9106301

Guilty plea in $3M Oxnard real estate scheme

The Fresno BeeAn Oxnard man is facing more than 10 years in prison for cheating sellers, real estate agents and lenders out of $3 million by funneling bogus transactions through businesses he owned. Read comments http://www.fresnobee.com/384/story/907402.html

Real estate agents catch the bicycling bug and share it with their clients

Seattle Post-IntelligencerPORTLAND -- With gas prices high, bicycles flying out of stores and a buyer's market for houses, several real estate agents around the country are touting the two-wheeled appeal of their listings.http://seattlepi.nwsource.com/business/380905_bikerealtor29....

Guilty plea in $3M Oxnard real estate scheme

KSBY San Luis Obispo Associated Press - October 1, 2008 1:44 PM ET VENTURA, Calif. (AP) - An Oxnard man is facing more than 10 years in prison for cheating sellers, real estate agents and lenders out of $3 million...http://www.ksby.com/global/story.asp?s=9106301

Six years later, Rochester real estate agent's in the thick of things

Post-BulletinWander the hallways of Rochester's pedestrian subway system and odds are you'll run into Jared Jacobs. The local real estate agent has set up a minioffihttp://news.postbulletin.com/newsmanager/templates/localnews...

News about Estate Agents

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Inside Bay AreaThis week's fast decline in mortgage interest rates has created a surge of activity at Bay Area mortgage companies as homeowners ponder refinancing and buyers decide whether to lock in a loan rate. Rates for borrowers with the best credit dropped ... http://www.insidebayarea.com/business/ci_10440434

Residents fight developer to save Saugatuck dunes

Detroit NewsDespite the state's depressed housing market, developments in the southwestern corner of Michigan have done well because of their proximity to Chicago, real estate agents say.http://www.detnews.com/apps/pbcs.dll/article?AID=/20080913/M...

Real estate among the rich

Vancouver SunAt first blush, the top end of British Columbia's real estate market seems to follow that old observation about the rich being different from the rest of us. Agents recorded 30 sales of mansions over the $5-million mark during the first seven months ... http://www.canada.com/vancouversun/news/business/story.html?...

Estate agents show desire to be taught ‘the science of success'

Biz CommunityThe South African Property Transfer Guide (SAPTG) is currently sponsoring a nationwide training programme for property professionals entitled ‘The Science of Success'. Designed for SAPTG subscribers, the training focuses on how to use SAPTG data to ... http://www.biz-community.com/Article/196/98/28300.html

Some Housing Schadenfreude

Seekingalpha.comTurner excoriates the financial industry, the homebuilders and the real estate agents that have encouraged the mania in Canada . He laments the "all now" attitude of many younger buyers who believe they are entitled to granite counters and stainless ... http://seekingalpha.com/article/89377-some-housing-schadenfr...

Search results for Estate Agents

Estate Agents UK Directory | Search, Buy, Sell, Rent Property Online

www.estateagents.co.uk where you can Buy, Sell or Rent Property from 25,000 UK Estate Agents. Browse our comprehensive buying and selling property guides, Read the latest UK ... http://www.estateagents.co.uk/

Estate Agents Finder, Estate Agents UK | Buy/Rent Houses & Flats

This is Estate Agents Finder.co.uk - We have a full directory of UK Estate Agents, we list addresses and provide maps so you can find your nearest Estate Agent to buy sell or rent ... http://www.estateagentsfinder.co.uk/

ZipRealty Real Estate -- Homes for sale and local real estate agents

Search ZipRealty's complete, updated MLS database for real estate listings. Buy or sell a home with our experienced local real estate agents to get professional service and cash ... http://www.ziprealty.com/?referred_by=cj

Estate agents Spain Premium Properties find Spanish Property

Estate agents Spain Spanish property sales, Premium Properties Costa Blanca, Polaris World golfing resorts holiday homes affordable Spanish propertieshttp://estateagentsspain.net

Myrtle Beach Real Estate Agents on the Grand Strand of SC & NC

Myrtle Beach Real Estate Agents lists agents who specialize in investment property, condos for sale, residential and commercial property, beach houses, and land being bought and ... http://www.myrtlebeachagents.com/
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Answers for Estate Agents

Julia M

Do real estate agents get paid on only commission or is there a salary as well?

Julia MOne with a real estate license can work for say a home builder on salary, and still make a few sales on the side or market homes the homebuilder takes in trade. regards, Texian13
wisc777

How can i get real estate agents to sell my preforeclosure properties?

wisc777First off, are you licensed to "Stop foreclosures?" If so, how. Realtors are worried about getting sued every day, and if someone is preying on people whose homes are going into foreclosure, the R...
hari k

How to reach and know the modus oprandi of real estate agents from differrent countries?

hari k
Jo Jo Gunn

How do I find real estate agents that really want to work in the south Florida area ?

Jo Jo GunnHave you tried posting your advertisements on craigslist, jobs in newspapers, etc?
Neil

What is the best forum in the states for real estate agents?

Neili ve found this website for you have a look and hope this helps you http://www.ibsteam.net/wsnlinks/ Finances (79) Insurance, Money, Mortgage For Sale by Owner (19) Home Related (55) Inte...

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