ESTATE AGENTS PROFESSIONAL NEGLIGENCE CLAIMS
Almost anyone can set up as an estate agent with no necessity for formal training however most estate agents are now either professionally qualified or employ professionally qualified staff. Professional negligence by an estate agent is often covered by indemnity insurance either arranged on a voluntary basis or as a necessity required by membership of many professional associations.
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Erroneous Sale Price
The most common issues relating to estate agents professional negligence involve offering properties for sale at a price that is too low, thereby ensuring a loss on sale or too high, running up expensive advertising and delaying sale causing subsequent financial losses. In addition whilst a property may have been placed on the market at the correct price, market forces and a change in the financial climate may necessitate an adjustment to the offer price, up or down and an estate agent who fails to keep an eye on a changing property market may be guilty of professional negligence in failing to offer advice to his client in regards to a potential alteration to the price of the property on offer.
HELPLINE 0844 764 0104
Negligent Letting Agents
It is worth remembering that when instructing an estate agent, who may also handle your money as a letting agent that, as in all walks of life there are unscrupulous characters who will act in a totally dishonest or negligent manner. Not all estate agents or letting agencies are insured against professional negligence and your choice of agent should be dictated by reputation and qualification rather than price or self promotion.
HELPLINE 0844 764 0104
Estate Agencies Professional Associations
Professional associations for estate agents include Royal Institution of Chartered Surveyors (RICS), National Association of Estate Agents (NAEA), Association of Residential Letting Agents (ARLA), Association of Residential Managing Agents (ARMA), National Approved Letting Scheme (NALS), UK Association of Letting Agents (UKALA). And if things do go wrong you may be able to refer you matter to the Property Ombudsman formerly known as the Ombudsman for Estate Agents (OEA) for those businesses who are members of the scheme.
HELPLINE 0844 764 0104
Professional Negligence Lawyers Association
If you find yourself in the invidious position of having to consider legal action to claim damages for professional negligence against an estate agent or a letting agency we can help. Our civil litigation solicitors, who are members of the Professional Negligence Lawyers Association deal with claims using the no win no fee scheme and compensation is paid in full. If you would like to know if you have a potential claim just email or use the helpline and we will take full details, carry out a detailed risk assessment and advise you in the clearest of terms whether or not we believe that you have a valid claim for compensation and the value of damages likely to be awarded.
Please Note :- We do not deal with complaints about poor service, bad attitudes or inadequate procedures. We deal with claims involving financial loss that has been or is likely to be sustained.