Greycoat: PropertyMark is Calling for REgulations of Real Estate Agents

According to Greycoat Real Estate Agency specialists, PropertyMark is calling for the UK to do more to regulate who can be a real estate agent in the upcoming legislation that they are looking to pass. They want to regulate the credentials and requirements to ensure that real estate agents are qualified to do the job that they are performing. 

Greycoat further explains this concern. Some specifically cited legislation that they want to use to change in the future sessions of parliament include the Renters (Reform) Bill and the newly-announced Leasehold and Freehold Reform Bill which present some of the best opportunities for legislation to pass that help regulate who becomes a real estate agent.

Also, how they are trained to do their jobs in the future. Propertymark themselves offer training to real estate agents that provide them with the basics they need to know when it comes to selling properties, and how to get the most out of each sale that is completed. This is what Greycoat specializes among their services.

Greycoat is updated on this matter. They know that Propertymark proposes legislation that requires all currently practicing real estate agents to carry at least a Level 3 certification and undergo at least 12 hours of continuing professional development (CPD) per year in order to keep their real estate license active, while they are working in the industry. 

They also must become part of a professional committee that practices appropriate behaviors and practices when selling properties. Greycoat specialists finally comment that in addition, they must meet a certain code of conduct in order to keep themselves in good standing with the committee that allows them to keep their license.