Propertymark Level 4 Certificate In Property Agency Management Practice Questions - Propertymark Level 4 Certificate In Property Agency Management (UK) Exam

What is the primary purpose of the Estate Agents Act 1979 in governing estate agency work in the UK?

To ensure agents act in the best interests of their clients and treat both buyers and sellers honestly, fairly, and promptly To set the maximum commission an estate agent may charge for selling residential property To require every estate agent to be a member of a professional body such as Propertymark or RICS To establish a statutory licensing scheme administered by local trading standards officers

Correct Answer:

To ensure agents act in the best interests of their clients and treat both buyers and sellers honestly, fairly, and promptly

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