NAEA licence to improve estate agent standards

A licence for estate agents has been introduced in a bid to raise standards in the industry.

The licence was launched last week at the House of Commons by the National Association of Estate Agents. A licensed estate agency branch will mean that at least one agent in that branch is qualified in residential property sales, through a formal qualification or through length of service in the industry.

But there is no legal requirement for agents to obtain the licence.

Peter Bolton King, chief executive of the NAEA, says: “We would like all sellers and buyers to ask prospective agents whether they have a licence. If they don’t, they should question whether that’s the best agency for them.”