Sellers and Landlords: Using an Unregistered Estate Agent
Using an unregistered agent …
- Only registered estate agents (and those practicing attorneys not required to register as agents) have the legal right to claim remuneration/commission. So an unregistered agent won’t be able to enforce any commission claim against you.
- Of course you would then stand to save a great deal of money in commission. The question is, should you take the risk of not checking upfront? It boils down to this - can you afford to trust your most important asset to someone who may not be registered with a professional body and backed by a Fidelity Fund?
End notes for agents
Remember that failing to renew your FFC, apart from disentitling you to any form of commission, exposes you also to criminal prosecution if you continue to practice.
You can help the public distinguish you from the scamsters and the bozos by using your EAAB PrivySeal and make sure it is installed correctly on your emails etc - read “Ensure your PrivySeal reflects the current date and time” on the Estate Agency Affairs Board website.
Provided by Taylor and Finlay Attorneys
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