A panel of politicians has launched a review into whether estate agents should be regulated.
Currently, Jersey estate agents do not have to belong to any approved professional body, hold any specific qualifications or follow a code of conduct.
After discussions with the Jersey Estate Agents Association, who said the current situation gives rise to several risks, the Economic Affairs Panel has decided to investigate whether a watchdog is needed.
The Panel - chaired by Deputy David Johnson, sitting with Senator Steve Pallett and Deputy Steve Luce - say their review will:
It will also consider the potential administrative burden and financial costs associated with setting up a watchdog.
“This is an area where I consider some form of review is long overdue," Deputy Johnson. "It is clear from both the Residential Property Transaction Review report published in 2018 and this Panel’s own recent online survey, that many members of the public are supportive of the idea that all local estate agents should be members of an approved professional body and adhere to a code of conduct.
"The Panel has therefore decided to conduct a review as to whether regulation in some form is necessary or advisable.”
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