The NAEA's membership now totals nearly 10,000 estate agents across the UK and shows that agents on the whole are committed to raising standards within the industry.
The NAEA have had a significant year with the Office of Fair Trading's long-awaited report into estate agency, the continuing developments on the Housing Bill and the launch of the NAEA's Technical Award scheme marking major developments for the industry. The NAEA has also launched a high profile national marketing campaign.
The Department of Trade and Industry's response to the OFT report made a number of recommendations with strong implications for the NAEA and its members. Among the most significant was the proposal for compulsory membership of an independent redress system. Ahead of the formal introduction of the recommendations in the reports, it seems that estate agents across the country are choosing to join a prominent trade association.
A large part of the NAEA's work has involved working on the housing bill, scheduled to be finalised this autumn, and in particular those parts of the Bill relating to the introduction of home information packs. The NAEA has been working on a high-profile campaign to ensure that the bill is in the best interests of homebuyers and sellers.
In addition, the NAEA's Technical Awards training programme which now forms the minimum entry standard for new members, has proved very popular with estate agents keen to achieve formal qualifications in the profession. More than 1,500 agents are currently training for the award.
Peter Bolton King, chief executive of the NAEA, says: “We are pleased to see this huge increase in members, showing that the campaign to raise our profile nationally and be the voice of the industry is taking effect.
“The NAEA has seen that estate agents are keen to prove their expertise and professionalism prior to the government's plans for change to the industry, and this is reflected through their eagerness to join the NAEA. It shows that agents across the country are keener than ever to
improve the industry image, which can only benefit the UK home buyer and seller.”