Changes of Regulatory Bodies

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Changes of Regulatory Bodies

    For those who don't already know the following will become autonomous bodies under the umbrella of the National Federation of Property Professionals - the umbrella company will not be publicised and is merely there to support the organisations. It will take months and possibly more than a year to impliment but it will happen as there was a formal vote on 16 January 2007 at EGMs of both NAEA and ARLA.

    Agents who are currently members of NAEA or ARLA will be able to use both designatory letters after their names, if they intend to sell as well as rent property, or if they previously dealt with one or the other. The designatory letters will only affect new members to either association as they will be required to pass the minimum of the Technical Award in their chosen subject(s) (This will extend to ICBA and NAVA members too). ARLA have now dropped their own entry exams and will adopt the NAEA's Technical Award.

    It therefore doesn't matter whether your agent is NAEA or ARLA as they both have equal standing.

    The four groups who currently will belong to the NFPP are

    National Association of Estate Agents (NAEA)
    Association of Residential Letting Agents (ARLA)
    The Institution of Commercial & Business Agents (ICBA)
    The National Association of Valuers & Auctioneers (NAVA)

    Don't be surprised if ARMA (Association of Residential Managing Agents) is the next to join. They are not in competition with ARLA as they are primarily the body of block-management agents.

    Hope this clarifies things for you!
    The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

    #2
    I guess that NFPP must have a good-sized and deceptively spacious structure (internal inspection essential), comprehensively modernised and occupying a prominent position in this much-sought-after and increasingly popular area with opportunity for further enlargement ...
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

    Comment


      #3
      Originally posted by Wickerman
      From that description you sound like an estate agent!!! Are you going to join them???!???
      What an awful insult- calling me an Estate Agent. I'm going to cry (or near offer).
      JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
      1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
      2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
      3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
      4. *- Contact info: click on my name (blue-highlight link).

      Comment

      Latest Activity

      Collapse

      Working...
      X