X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-The proposed union of the Royal Institution of Chartered Surveyors with the National Association of Estate Agents has moved a step closer with approval for the move from the Governing Council of the RICS. Under the plan RICS would take over the NAEA but continue to run it as a separate but wholly-owned body.

The RICS said the move would raise standards of conduct and competence in residential estate agency. With almost 20 000 residential estate agents operating under the RICS or NAEA accreditations, it said the union would offer the consumer a clear choice on the high street between estate agents who are highly qualified and regulated, and those who are not.

But opponents within the RICS say the move would dilute the prestige of the more academically rigorous RICS qualification, while some in the NAEA have objected to the actions of their leadership in steamrollering the merger through. The NAEA Council will meet to discuss the RICS plan next week.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.