According to a recent survey carried out by MyHome.ie four out of five people believe that estate agents should be more tightly regulated by the law. The survey which focused on buyers and sellers perception of estate agents also found that a third of respondents didn’t think estate agents were honest, while over half of those surveyed did not believe estate agent fees were reasonable.
However it was not all bad news for the agents as nine out of ten sellers said they had used or were using estate agents and felt the level of service justified the fee charged.
The Finance Director of MyHome.ie Ken O’Flaherty said it was clear people wanted more regulation in the property sector, ‘The irony of the situation is that the majority of estate agents fully support the need for more regulation in the industry… While the reputation of estate agents generally has taken some knocks the survey showed that people were happy to hire agents who provided a good level of service and reasonable fees.’
Have your say:
- Should Estate Agents be more tightly regulated?