MPs speak out in support of the measures aimed at making the industry more professional Parliament yesterday passed the Estate Agents Bill aimed at shaking up the real estate industry and making it more professional. When the new statutory board, the Council of Estate Agents (CEA), starts operation on Oct 22 - it will have the power to set codes of practice, ethics and professional conduct to regulate...
Estate Agents Bill
Real estate agencies will be required to appoint a key executive officer (KEO) who will be responsible for the proper administration and overall management of the business and supervision of all their estate agents. The requirement is spelled out in the Estate Agents Bill which was introduced for a first reading in Parliament on Monday. The proposed Bill seeks to establish the Council for Estate Agencies...