Estate agency receives licence

Share this article

EAST Anglia Equestrian Properties is proud to be one of the first estate agents to receive its licence from the National Association of Estate Agents (NAEA).

At its launch in November, the licensing scheme was given the backing of Grant Shapps, Housing Minister and Alison Seabeck, Shadow Housing Minister.

Mr Shapps said: “By ensuring they enjoy the trust of people buying and selling homes, estate agents will inject greater confidence and movement in the housing market.”

Currently there is no barrier to anyone setting up and practising as an estate agent. There is no legal requirement for estate agents to obtain the new licence.

Peter Bolton King, chief executive of the NAEA, said: “I am delighted to confirm that East Anglia Equestrian Properties is now fully licensed.

“We would like all sellers and buyers to ask their prospective agents, ‘Do you have an NAEA licence?’. If they don’t, they should ask themselves whether that’s the agent from whom they will get the best service when marketing their property.

“No one would knowingly use an unlicensed taxi driver. Neither should they use an unlicensed estate agent.

“In a difficult economic time it is important for anyone placing a home on the market to use a professional, knowledgeable agent. NAEA members know their local area and know their local market. That is very important to consumers.”

The new licence will also guarantee the agency is covered by required amounts of Professional Indemnity Insurance. They will also undertake Continuing Professional Development every year, commit to keeping up to date with industry developments and be bound by the NAEA’s Rules of Conduct.

Hayley Brown FNAEA Dip-REA, a director of East Anglia Equestrian said: “I feel very strongly that the level of professionalism in the industry needs to be improved, licensing is an important step towards that goal and I am very pleased that EAE are one of the first agents to be recognised.”