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23/01/2009
NAEA calls for housing market regulation |
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The National Association of Estate Agents (NAEA) has reaffirmed its commitment to seeing the appropriate level of legislation introduced in the housing market.
Such comments come on the back of the publication of the Government Review of Regulation and Redress in the UK Housing Market, in which professor Jones suggests that estate agents should be better regulated.
"The sums of money are too large and the potential impact on families too great for the industry to remain liable to abuse by unqualified cowboys," the NAEA says.
Professor Jones' recommendation that estate agents should be better regulated - which will see that every branch up and down the country has qualified employees - is described as a "welcome step" and the organisation says that it is eagerly awaiting the government's response.
Meanwhile, Luke Bennett, founder and managing director of sales and lettings agency SW19, has suggested that estate agents could consider offering to pay the stamp duty on a property as an incentive to buyers.
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